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Jospong Group and VinFast partner to spark electric vehicle revolution in West Africa

Ghana's Jospong Group of Companies has announced a groundbreaking partnership with VinFast Auto, a leading Vietnamese electric vehicle manufacturer.

Jospong Group to lead distribution of VinFast's electric vehicle range in West Africa

The collaboration aims to introduce a wide range of electric vehicles (EVs) into the Ghanaian and West African markets, heralding a new era of sustainable mobility.

Under the agreement, Jospong Group will spearhead the distribution of VinFast's diverse lineup, including electric cars, e-scooters, e-bikes, and electric buses across Ghana.

This initiative aligns with Jospong's mission to deliver innovative and eco-friendly solutions across its multi-industry conglomerate, which spans sectors such as automobile, waste management, ICT, and banking.

Dr. Joseph Siaw Agyepong, Executive Chairman of Jospong Group, expressed enthusiasm for the partnership, highlighting its potential to advance sustainability and empower communities. He emphasized the shared commitment to building a greener future, resonating with VinFast's vision for a comprehensive electric transportation ecosystem.

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The strategic alliance extends beyond vehicle distribution, as Vingroup, VinFast's parent company, signed a Memorandum of Understanding (MoU) with Jospong Group. This broader collaboration aims to explore mutual business opportunities in various sectors, including electric vehicles, public transportation solutions, education, hospitality, and real estate development.

Steve Tran, Chief Operation Officer of VinFast North America, underscored the significance of entering the West African EV market, citing its growth potential and alignment with sustainable development goals. He emphasized the importance of accessibility, ensuring that the electric transportation revolution reaches diverse segments of society.

Ghana's commitment to sustainability is reflected in its Energy Transition Framework and National Electric Vehicle Policy, aimed at decarbonizing the energy sector and promoting the adoption of EVs. The removal of import duties on electric vehicles and components in the 2024 National Budget further incentivizes the transition towards cleaner transportation alternatives.

By embracing electric vehicles, Ghana aims to reduce greenhouse gas emissions, enhance energy security, and accelerate economic development. The partnership between Jospong Group and VinFast signifies a pivotal step towards realizing these goals, positioning both entities as frontrunners in Africa's sustainable transportation industry.

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As the world grapples with the urgent need to address climate change, Ghana's proactive measures underscore the importance of collaborative efforts in achieving a greener, more resilient future.

According to Dr. Siaw Agyepong the Jospong-VinFast alliance promises to drive positive change and inspire similar initiatives across the continent.

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