BDO Unibank Inc. has teamed up with Vietnam’s VinGroup to support the rollout of the Philippines’ first all-electric taxi fleet.
BDO said in a statement Wednesday it is providing end-to-end banking solutions to VinFast Auto Philippines Inc. (VinFast Philippines), V-Green Charging Station Development Philippines Inc. (V-Green) and Green GSM Philippines to help them scale operations.
The bank’s services include cash management, consumer banking, insurance and digital payment integration.
BDO said the partnership would enable these companies to expand the availability of electric vehicles (EVs), strengthen ride-hailing services and bring more sustainable transport options to the Philippine market.
“Partnering with BDO, a trusted and forward-thinking financial institution, allows us to empower Filipinos with greater access to EVs while helping shape a smarter, greener, and more livable urban future,” said Duong Thi Thu Trang, deputy chief executive of sales and marketing at VinFast.
VinFast Philippines is a subsidiary of VinGroup JSC, one of Vietnam’s largest business groups.
The partnership also extends to EV infrastructure, as V-Green has secured approvals to install EV charging stations at four SM Supermalls, with plans for further expansion within the BDO-SM ecosystem.
“Charging infrastructure is essential for sustainable EV growth,” said Nguyen Thanh Duong, CEO of V-Green.
“By partnering with BDO, we can fast-track the deployment of convenient and reliable charging solutions that make EV use more practical and scalable across the Philippines,” he said.
Meanwhile, Green GSM Philippines completed integration with BDO’s digital banking platform in June and is working with the bank on automated payment systems to support driver onboarding and expansion.
“Our partnership with BDO strengthens our driver-partner support and enables sustainable fleet expansion,” said Dao Quy Phi, CEO of Green GSM Philippines.
“It also lays the foundation to help the Philippines in reducing emissions and modernizing urban transportation,” said Phi.
