Electric vehicle maker VinFast has introduced a Residual Value Guarantee (RVG) program in the Philippines that promises to buy back its electric vehicles for up to 90% of their original price, marking one of the most aggressive value-protection schemes in the local automotive market.
Beginning November 2025, the Vietnamese automaker will follow a fixed depreciation schedule for qualifying vehicles after inspection.
Under the program, VinFast will guarantee a resale value of 90% after six months, 86% after one year, 78% after two years, and 70% after three years of use.
The offer applies to all models sold locally, from the VF 3 to the VF 9, and is available only to retail customers.
The program is meant to address lingering concerns about the long-term value of EVs — particularly battery durability, repair costs, and the uncertainty surrounding used-EV pricing.
VinFast executives said the buyback scheme is designed to convince hesitant buyers that EV ownership costs will hold up over time.
The initiative follows earlier customer-support measures from the company, including a 10-year vehicle warranty, free charging for three years at stations operated by partner V-Green, and flexible financing and roadside assistance packages.
The company has also expanded its footprint with 20 showrooms nationwide and more than 30 accredited third-party service centers.
In a briefing with reporters, VinFast Southeast Asia CEO Antonio “Toti” Zara said the company is leveraging a larger “ecosystem” built by parent Vingroup — including plans for taxi fleets, rental services, and a used-car business — to make the buyback program financially viable.
He said the vehicles returned under RVG can be repurposed for commercial fleets, helping the company absorb their cost.
Zara said VinFast has already launched the program in Indonesia, where the first batch of buybacks has begun. He added that the company is preparing additional offerings for the Philippines, including a battery-subscription model and partnerships with banks for guaranteed buyback options tied to financing.
While the buyback policy is only valid up to three years, Zara said the company expects most EV owners to realize cost savings and stick with the vehicles long term.
He acknowledged that the program may evolve depending on market conditions but said there is no target end date for now.
The automaker is positioning the Philippines as one of its priority markets in Southeast Asia as it pursues a broader shift toward electric mobility.
