By Abbas Nazil
BDO Unibank, the country’s largest lender, has entered into a strategic partnership with Vietnamese conglomerate VinGroup to support the development of green transportation in the Philippines.
The collaboration will provide financing and banking solutions to VinGroup’s local units, which include VinFast Auto Philippines Inc., V-Green Charging Station Development Philippines Inc., and Green and Smart Mobility Philippines Inc.
These companies are focused on electric vehicles, charging infrastructure, and sustainable taxi services respectively.
This move comes as VinGroup pushes its electric mobility initiatives in the Philippines, highlighted by the launch of the country’s first all-electric taxi fleet under Green GSM Philippines in June 2025.
Alongside the taxi rollout, the group has also begun establishing a network of charging stations to support the wider adoption of electric vehicles.
BDO said the partnership is designed to accelerate the scaling of these operations by providing access to a full suite of banking services.
This includes cash management, consumer banking, and insurance solutions tailored to the needs of VinFast Philippines and its sister companies.
VinFast Philippines, a fast-growing electric vehicle manufacturer, is expected to benefit most from the arrangement as it expands EV availability in the country.
By strengthening ride-hailing services and offering sustainable transport alternatives, the company aims to reshape urban mobility.
According to VinFast deputy CEO of sales and marketing, Duong Thi Thu Trang, the company sees sustainable transportation not just as a technological advancement but as a commitment to future generations.
She noted that BDO’s role as a trusted financial partner ensures that more Filipinos will have access to electric vehicles, contributing to the vision of a smarter and greener urban future.
The partnership also extends to V-Green, which has secured approvals to install EV charging stations at four SM Supermalls.
Plans are in place to expand further within the BDO-SM ecosystem, reinforcing the essential link between infrastructure development and EV adoption.
V-Green CEO Nguyen Thanh Duong emphasized that reliable charging infrastructure is critical to sustaining the growth of electric vehicles.
Green GSM Philippines has likewise strengthened its operations by completing integration with BDO’s digital banking platform in June 2025.
This move enables smoother financial transactions, supporting the company’s electric taxi services as they scale to meet growing demand.
BDO said its support for VinGroup’s local operations aligns with its broader sustainable finance goals, having already built a portfolio exceeding P1 trillion in green and sustainability-linked investments.
The bank underscored that the partnership with VinGroup will contribute significantly to shaping a cleaner transport sector in the Philippines.
Through this collaboration, BDO and VinGroup aim to create a strong foundation for electric mobility, ensuring that Filipino commuters gain greater access to eco-friendly transport options while fostering a more livable and resilient urban future.
