The Jospong Group of Companies (JGC) has established a distribution partnership agreement with VinFast Auto in Vietnam to introduce VinFast’s innovative electric vehicles to the Ghanaian and West African markets.
This agreement marks VinFast’s first entry into the African market, solidifying its status as a pioneer in the worldwide shift toward sustainable transportation. The partnership also underscores VinFast’s resolute dedication to delivering eco-friendly and intelligent transportation solutions to customers worldwide, while simultaneously capitalizing on the immense potential of the African electric vehicle market.
The Jospong Group of Companies, under this collaboration will undertake the distribution of VinFast’s diverse range of vehicles, encompassing electric cars, e-scooters, e-bikes, and electric buses, across Ghana and West Africa. Additionally, Jospong is committed to spearheading the deployment of public charging infrastructure nationwide to facilitate the widespread adoption of electric vehicles.
In tandem with the distribution agreement, Vingroup, Vietnam’s leading private multi-industry conglomerate and parent company of VinFast, has signed a Memorandum of Understanding (MoU) with the Jospong Group.
This strategic partnership entails both companies combining efforts to identify and pursue mutually advantageous business opportunities. These opportunities span across various sectors including electric vehicles, taxi operations, public transportation solutions, education, hospitality, and real estate development.
The Executive Chairman of Jospong Group, Dr. Joseph Siaw Agyepong, conveyed his excitement, remarking, “Vingroup’s unwavering dedication to promoting a green revolution, exemplified by their groundbreaking electric vehicle ecosystem and VinFast’s inventive product lineup, is highly commendable. We are honored to collaborate with Vingroup and VinFast on their worldwide journey, collectively striving to build a more sustainable and prosperous future for everyone.”
Representing VinFast Global, Mr. Tran Viet Anh, commented, “The electric vehicle market in Ghana and West Africa holds immense growth potential, and we are honored to lead this transformational journey alongside a prominent Ghanaian corporation”.
“Together, we are dedicated to constructing a sustainable future for Ghana by delivering a comprehensive electric transportation ecosystem, ranging from bicycles and cars to buses, with flexible sales options, ensuring accessibility for all to partake in the clean transportation revolution”, he added.
The electric vehicle market in Ghana and West Africa is poised for significant expansion, driven by burgeoning demand and government initiatives aimed at achieving net-zero emissions in the transportation sector. Ghana envisions a future landscape by 2040 where a substantial portion of gas stations will be repurposed to cater to sustainable transportation alternatives, such as electric vehicles.
This strategic collaboration with Jospong Group presents a momentous opportunity for Vingroup and VinFast to swiftly cement their foothold in the region’s electric vehicle market and emerge as frontrunners in the broader sustainable transportation industry.
Jospong Group, with its extensive presence spanning 14 diverse sectors and a network of over 60 companies, stands as a cornerstone of Ghana’s economic landscape, with notable ventures in automobile, waste management, ICT, and banking.
