HANOI (Reuters) – Vietnamese electric vehicles maker VinFast will open an EV business network in the Philippines, its parent company Vingroup said on Tuesday, in an announcement during the visit of President Ferdinand Marcos Jr.

The investment in the Philippines will start this year, it said in a statement.

(This story has been officially corrected to show Vinfast is opening an EV business network, not a dealership, in paragraph 1)

(Reporting by Phuong Nguyen; Writing by Martin Petty)

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