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Reading: Asia Digest: VinFast Philippines partners with BDO; AlphaMove signs Guangxi blockchain deal
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Asia Digest: VinFast Philippines partners with BDO; AlphaMove signs Guangxi blockchain deal

Last updated: September 18, 2025 10:40 am
Published: 8 months ago
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VinFast Auto Philippines has signed a deal with BDO Unibank to drive e-mobility in the Philippines, while Malaysian startup AlphaMove has partnered with Chinese state government to foster deep tech economy and smart city innovation.

VinFast Philippines partners with BDO

Vietnamese electric vehicle manufacturer VinFast Auto Philippines has signed a strategic partnership with BDO Unibank, the Philippines’ largest bank, to accelerate electric mobility adoption in the Southeast Asian nation.

The deal also includes V-Green Charging Station Development Philippines and Green and Smart Mobility Philippines, operator of the country’s first all-electric taxi fleet, per the announcement.

Under the agreement, VinFast will access BDO’s financial services including cash management, consumer banking, leasing, and insurance to create tailored financing programs for retail and corporate customers.

The partnership will provide financing and banking solutions to accelerate electric vehicle (EV) adoption, expand charging infrastructure, and scale up the country’s first all-electric taxi fleet, the companies said.

“Partnering with BDO 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 CEO of Global Sales at VinFast.

BDO Executive Vice President Charles Rodriguez said the bank aimed to support broader EV adoption and green infrastructure development in the Philippines.

Malaysia’s AlphaMove signs blockchain deal with China’s Guangxi

Malaysian blockchain startup AlphaMove has signed a strategic cooperation agreement with Guangxi Research Department under China’s Nanning Provincial Government to develop AI-enhanced blockchain ecosystems for real-world asset tokenization.

Under the framework agreement, both parties will jointly explore blockchain applications in asset pricing, risk management, and regulatory monitoring for tokenized real-world assets, including real estate, private credit, and corporate equity.

The collaboration includes establishing AI and blockchain research laboratories in both Nanning and Kuala Lumpur, creating cross-border innovation hubs to strengthen China-Malaysia and broader ASEAN digital cooperation.

“Together, we are building the foundation for interoperable, compliant, and future-ready smart city solutions that will benefit communities across ASEAN,” said Kingsley Tan, CEO of AlphaMove.

AlphaMove operates a public, permissionless blockchain ecosystem designed for real-world asset tokenization with embedded compliance and institutional-grade scalability.

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