Jospong Group And VinFast Group Forge Strategic Alliance For Sustainable Transportation Solutions

The Jospong Group of Companies, Ghana's leading multi-industry conglomerate, in Ghana and West African market announces its new partnership with VinFast Auto, a Vietnamese electric vehicle pioneer.

This agreement will enable the Jospong Group to distribute the foray of electric vehicles into the African Market, positioning the Group as a leader in sustainable transportation.Under this agreement, Jospong will distribute VinFast’s entire range of vehicles, including electric cars, e-scooters, e-bikes, and electric buses, throughout Ghana.

In addition to the announced distribution agreement, Vingroup, Vietnam's leading private multi-industry conglomerate and parent company of VinFast, has signed a Memorandum of Understanding (MoU) with Jospong Group, to enable the two Groups work together to identify and pursue business opportunities in areas of mutual interest, including electric vehicles, taxi operations, public transportation solutions, education, hospitality, and real estate development.Dr.

Joseph Siaw Agyepong, Executive Chairman of Jospong Group, stated that, "the Vingroup's commitment to a green revolution, particularly through their innovative electric vehicle ecosystem and VinFast's diverse offerings, aligns with the Group’s mission of improving the lives of people through innovation, sustainability and empowerment.

Together, we're committed to building a sustainable future for Ghana by providing a comprehensive electric transportation ecosystem, from bicycles and cars to buses with flexible sales, ensuring everyone can join the clean transportation revolution.” 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.

These measures include enhancing the penetration of renewable energy sources, transitioning thermal plants to natural gas, and integrating nuclear power into the energy mix. 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. The agreement forms part of efforts by Ghana to fulfilling its commitment to implementing measures that will address effectively climate change, and mitigate its adverse effects on humanity.

The National Electric Vehicle Policy, as developed by Ghana, will, therefore, play a crucial role in promoting the widespread adoption of electric vehicles.