Vingroup Shielding Filipino Motorists from Historic Fuel Price Hikes with Campaign

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Following what the Department of Energy (DOE) has described as the highest fuel price jump in the country’s history, with pump prices rising by as much as P24 (~$0.55) per liter this week due to global supply disruptions, Vingroup has launched its “Trade Gas for Electric” campaign. The initiative is designed to help Filipino families and businesses reduce their exposure to volatile fuel costs by shifting to electric mobility.

The program runs from March 11 to March 31, 2026, and focuses on addressing the immediate financial pressure caused by rising gasoline and diesel prices. As pump prices approach record levels across Metro Manila and several provinces, Vingroup is offering financial incentives aimed at accelerating the shift away from fossil fuel vehicles.

Immediate relief

For Philippines, the campaign introduces a layered savings approach that combines new incentives with existing government tax benefits and VinFast ownership programs.

Customers who trade in their internal combustion engine vehicles will receive an additional 3 percent discount when purchasing a VinFast electric car. Eligible models include the compact VF 3 and the family-oriented VF 5, VF 6, and VF 7.

For motorcycle riders, VinFast is offering a 5 percent discount on its electric scooters. The incentive is intended to support the millions of Filipino commuters who rely on two-wheel transportation.

For commuters who prefer ride-hailing rather than vehicle ownership, fares on the all-electric Green SM taxi and ride-hailing service have been reduced by 10 percent through the end of March. The move aims to provide a lower-cost alternative to conventional transport during the current fuel price surge.

These incentives are further supported by VinFast’s battery subscription program. The system separates the battery cost from the vehicle purchase price, reducing the initial cost of owning an electric vehicle and making the transition more accessible for Filipino buyers.

“The extreme fuel price volatility we are seeing in the Philippines and across the world is a wake-up call,” Duong Thi Thu Trang, Deputy CEO for Global Sales at VinFast, said in a press statement.

A regional expansion strategy

In Vietnam, VinFast has surpassed long-established brands to become the country’s top automaker by market share. Its manufacturing complex in Hai Phong is operating at full capacity and recently introduced the Limo Green MPV, which has quickly gained traction in commercial and fleet markets.

In Indonesia, the company has inaugurated its Subang manufacturing facility with an initial production capacity of 50,000 units per year. VinFast has also signed agreements to supply 20,000 electric vehicles to transportation partners, strengthening its presence in the Indonesian market.

India represents VinFast’s first large-scale expansion beyond Southeast Asia. The company recently inaugurated an integrated electric vehicle plant in Tamil Nadu and plans to expand its retail network to 75 showrooms across the country by the end of 2026. The VF 6 and VF 7 models are being positioned to meet the Indian market’s demand for affordability, safety, and value.

In the Philippines, VinFast recently opened its 30th dealership in Caloocan as part of a nationwide expansion strategy. The company is also accelerating the deployment of V-Green charging stations along major transportation corridors, including the North Luzon Expressway, to support the growing number of electric vehicle users.

“Vingroup is not simply offering vehicles. We are providing a long-term solution to economic uncertainty. By expanding our manufacturing in Indonesia and India and strengthening our presence in the Philippines, we are working to ensure that sustainable mobility becomes practical and affordable for millions of people across Southeast Asia,” Duong added.

The Trade Gas for Electric campaign will run alongside existing local promotions. Vingroup said it remains open to extending the program depending on developments in global energy markets and the continuing impact of fuel price fluctuations on consumers.