Biochar Project in Cambodia to Generate 10,000t CO2e CDR Carbon Credit Annually from 2025

Midori Climate Partner Pte. Ltd. (Headquarters: Singapore) has partnered with CSNC Agriculture Co., Ltd., an agricultural commodity trading firm that recently launched a cashew nut processing factory in Kampong Thom, Cambodia, to initiate a biomass waste management project. This project will produce biochar to improve degraded soils while generating carbon credits, promoting sustainable agriculture, and supporting climate change mitigation efforts.

Through its application as a soil amendment, the project is expected to enhance soil quality and generate 10,000t CO2e of carbon credits annually from carbon removal activities. This initiative will contribute to Cambodia’s sustainable industrial development and environmental protection.

Expanding Biomass Suppliers

The project will primarily use cashew nut shells as biomass waste to produce biochar. In addition to cashew nut shells, the project is actively seeking other sources of biomass waste within Cambodia. This includes pruned branches from rubber and cashew nut plantations, rice husks, durian shells, cassava residues, and mango seeds. Biomass suppliers who contribute to the project will be given priority for receiving biochar-based organic fertilizer, which can be used to increase crop yields and reduce chemical fertilizer usage.

Calling for Project Partners and Supporters

The biochar production machinery, a pyrolysis device, will be installed and operational the first half of 2025. The project is currently seeking donors and corporate carbon credit buyers to support its early-stage development. We welcome partners committed to promoting sustainable business growth through Cambodia’s circular economy, particularly within the cashew nut industry. For potential collaborators, please contact info@midori-partner.com

About Midori Climate Partner

Midori Climate Partner Pte. Ltd. is a carbon credit developer focused on ecosystem restoration and carbon credit generation, with a primary focus on Southeast Asia. Our initiatives include biochar soil application, agroforestry, and mangrove restoration, driving positive environmental impacts and global sustainability. Midori provides technical and financial assistance to processing factories, farmers, landowners, and communities to facilitate sustainable transitions in their operations, enabling them to earn additional income through climate finance. Please visit www.midori-partner.com for more information.

About Midori Climate Partner Pte. Ltd.

Representative: Ririko Takano, CEO

Website: https://midori-partner.com/

Address: 111 North Bridge Road #21-01 Peninsula Plaza 179098 Singapore

This press release has also been published on VRITIMES

Bitcoin Price Reaches $63K+ After The Fed Interest Rate Cut Announcement

Bitcoin price rose quite sharply after the Fed announced a rate cut. At the same time, whales sold BTC in large amounts. How does this affect the BTC price?

Bitcoin price soaring up The Fed officially announced an interest rate cut. After struggling to reach $60,000 for a long time, BTC has now jumped to more than $63K.

Understand the current BTC price chart analysis. And is it true that there is a whale who sells BTC in large quantities? Check out the reasons and implications for the crypto industry.

Current Bitcoin Price Chart

When this article was written on September 20, 2024, the price of BTC to USDT is soaring at $63,749 with an increase of +2.93% in the last 24 hours. In the same period, BTC reached its highest point at $64,133.

The Bitcoin price chart above is taken from Market Bitrue. It can be seen that the graph gives a very positive signal for the current condition of BTC. In fact, the RSI number is far above 50. With the number 71.71, buying BTC tokens is becoming a popular trend compared to selling it.

The MACD indicator is also rising above the border line. The gap between the two lines indicating that BTC will soon experience an impressive bull run.

Current technical analysis is quite impressive. However, seeing that the flow of crypto coin prices is always fluctuating, you can always do research before making an investment. You must always do the DYOR technique.

To make it easier for you to do independent research, the Bitrue website can help you. Because, Bitrue provides easy access for you to check the price conditions of BTC and other crypto coins in real time.

Whales Selling BTC in Large Amounts

When the price of Bitcoin finally reached more than $63,000, a whale actually sold the BTC tokens he owned. No half-hearted, whate sold up to 1,030 BTC with a selling value of approximately $64.3 million on one of the global crypto exchanges.

This action certainly attracts attention. Moreover, BTC token holders are having fun celebrating the increase in BTC prices. However, selling tokens when their value rises is actually common in the crypto industry. This is a strategy to make a profit, especially when the token holder buys it when the price drops.

However, the slightest movement from investors in the crypto industry certainly has an impact on the state of the token. So, what is the impact of selling this large amount of BTC? Pay attention to the following points.

1. BTC prices can change along with selling large amounts of Bitcoin and affect the existing RSI indicator2. This BTC sale can trigger BTC price volatility

BTC and Its Popularity

After the Fed announced it would cut interest rates by 50 bps, Bitcoin prices tended to rise. This could trigger an increase in the prices of other tokens as well so that the crypto industry experiences a positive price shift.

Bitcoin is called the king of crypto for a reason. The reason is, when the price of BTC experiences an increase or decrease, the prices of other tokens will also be affected, both in positive and negative directions.

Even though when the price drops or during the Bitcoin halving the price of alternative coins will tend to rise because BTC dominance falls, Bitcoin's popularity remains brilliant. This oldest token will still be suitable for investment purposes.

When you are interested in investing in BTC, you can learn how to buy Bitcoin. Check prices Bitcoin to USD It can also be used as primary research to check current prices so that you can determine the appropriate allocation of investment funds according to your abilities.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

This press release has also been published on VRITIMES

Celebrate 6th Anniversary, Bitrue Gives Out Free Crypto up to 1,000,000 USDT!

Celebrating its 6th anniversary, Bitrue is holding a free crypto giveaway event for users. The lucky draw prize is up to 1,000,000 USDT. Want to participate in this event? Read the terms and conditions below.

Good news for Bitrue users! Celebrating the 6th anniversary, Bitrue is currently holding a raffle event with crypto token prizes up to 1,000,000 USDT! This event is specifically for Bitrue users.

If you want to get free crypto tokens, see the conditions and how to take part in the anniversary event from Bitrue in the following explanation.

Getting to know Bitrue

Before explaining about the free crypto giving event from Bitrue which is celebrating its 6th anniversary, let's understand how Bitrue works as a global crypto exchange. Bitrue is a trusted global crypto exchange.

Founded by a group of blockchain enthusiasts, Bitrue of course always provides services that make it easier for users to carry out investment transactions in the crypto ecosystem.

By transacting crypto on Bitrue, you have at least the following 3 experiences,

1. Secure Transactions: Bitrue is equipped with cold wallet technology with 2FA and leading multi-signature.

2. Faster: Bitrue has a unique core pair system so it ensures trading is done correctly in a short time.

3. Easier: Bitrue is equipped with the latest technology, but is easy to operate even by laypeople.

Bitrue has various features that you can not only use to make crypto transactions easily but also do research before deciding to buy a token.

Because, you can check the price of a token in real-time so you can carry out technical analysis easily, check the price conversion of the crypto token price to USD, and carry out fundamental analysis by accessing thousands of articles about projects being carried out in the crypto ecosystem,

Get Free Crypto from the Bitrue Anniversary Event

The 6th Bitrue anniversary event is underway and will end in 9 more days. Prizes distributed are crypto tokens with a value of up to 1,000,000 USDT.

There are no special conditions To take part in this event, you only need to be a Bitrue user by making transactions there. Transactions count for all features such as Crypto Trade, COIN-M Futures, and USDC Futures.

Bitrue's anniversary event system means that users will get the opportunity to draw prizes of different amounts. Users will get lottery tokens for every transaction with a value of 2.000 USDT or equivalent.

The number of lottery tokens you get is unlimited, you can get as many as possible according to the number of transactions you make.

Users can check the ranking in real-time on the Bitrue website to find out the number of users, how many crypto tokens each user received, and various updates about this event.

Later, the prize will go directly to the user's future account exactly 2 hours after you get the prize. For every token earned but not used until the end of the event period, the token will be forfeited.

Conclusion

That is the information regarding Bitrue's 6th-anniversary celebration event. Don't hesitate to participate, okay? Because, when else can you get free crypto just by making transactions without complicated special conditions? With Bitrue, investing in the crypto ecosystem can be easier and more profitable!

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

This press release has also been published on VRITIMES

3 Days Before Listing, Here's How to Claim the Hamster Kombat Airdrop on Bitrue

 

Before listing on September 26, make sure you follow the Hamster Kombat airdrop event held by Bitrue. To know the terms and conditions, read this article to the end.

Hamster Kombat offers various interesting opportunities for players to get prizes, one of which is through airdrops. Before the HMSTR listing in 3 days, Bitrue is still waiting for your participation to take part in the event airdrop Hamster Kombat.

For those of you who like Hamster Kombat and want to make money from this mini-app, read this article to the end. Apart from information about the airdrop, we will also review how the HMSTR token performed in the pre-market.

Hamster Kombat Airdrop: Register Before It Ends

To celebrate Hamster Kombat's listing on September 26 on Bitrue, there is an HMSTR airdrop event that you can take part in. Anyone can participate in this airdrop event by registering as a user on Bitrue. 

For the requirements for taking part in this Hamster Kombat airdrop, you can read the explanation below.

1. Register as a Bitrue user and complete KYC level 2.

2. Deposit 100 USDT or other tokens of equivalent value.

3. Trading more than 100 USDT with the pairs DOGS/USDT, TON/USDT, NOT/USDT, CATI/USDT (coming soon), and HMSTR/USDT (coming soon).

4. Trading will be calculated by adding up both sells and buys made by the user.

Hamster Kombat Bitrue Airdrop Gift

This Hamster Kombat airdrop has been held since September 13 and ended on 27 September, the day after Hamster Kombat's listing on Bitrue.

After you fulfill the conditions above, you will receive a prize which will be distributed a maximum of 7 working days after the event ends. The total prize in this airdrop event is up to 10.000.000 token HMSTR, you know.

What are you waiting for? Register yourself immediately to take part in this airdrop from Bitrue.

How to Claim Hamster Kombat Airdrop 

As additional information, Hamster Kombat also held an airdrop on the same day as the listing schedule. If you are a loyal Hamster Kombat player, you will be one of the players eligible to get HMSTR tokens.

If at this time you are still confused about how to claim HMSTR, you can follow these steps.

1. Open Telegram and search for the TON Wallet bot.

2. Start a chat with the bot by clicking on it and selecting the 'Start' option.

3. Follow the instructions given by the bot to set up your wallet. This will involve generating a secure password and suggesting a recovery phrase for your wallet.

4. Once your wallet is set up, you can connect it to the Hamster Kombat game by following the instructions in the airdrop section. This connection ensures that all rewards from the airdrop are transferred directly to your TON Wallet.

As a special note, you can top up TON in your wallet. Because, even though connecting Hamster Kombat in this TON wallet is free, there is a gas fee that can be charged to the user.

Pre-Market Hamster Kombat

Currently, Hamster Kombat has not yet been officially listed. However, Hamster Kombat is already in the pre-market. The price of Hamster Kombat is currently around $0.04269 which has recorded a decline of more than 7%.

It is estimated that the graph and price of Hamster Kombat above are only temporary and enthusiasm for Hamster Kombat will rise again in the days leading up to the listing on September 26.

Conclusion

That is the complete information regarding the Hamster Kombat airdrop, both in the Hamster Kombat game and on Bitrue. You can continue to follow developments in the Hamster Kombat listing by accessing the Bitrue website.

Apart from being able to check the Hamster Kombat airdrop event, the Bitrue website also allows you to check HMSTR price in real-time when it is listed. You can also check the price of HMSTR to USD easily.

Not only that, it also explains about how to withdraw HMSTR to Bitrue. That way, you can more easily monitor your crypto investment portfolio.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

This press release has also been published on VRITIMES

Crypto Industry Heats Up After The Fed's Announcement, USDT Prices Also Rising?

 

 After the Fed announced interest rate cuts, the cryptocurrency industry heated up. Many tokens have experienced price increases. So, what about the USDT price? Has the USDT token pair also experienced positive price changes? The following is the explanation.

Impact of the Fed's Interest Rate Cut Announcement

The Fed has announced a 50bps cut in interest rates. This condition has heated up various investment assets, including the crypto industry. The majority of crypto tokens have even gone “green”. This condition is of course encouraging for crypto token holders.

Bitcoin recorded its price at $63,532 with an increase of 1.8% in 24 hours. Then there is Ethereum which has recently experienced a decline and even received a bad reaction from its holders because the price continues to fall. But now, ETH is up 4.65% and has a price of $2,545.

However, it turns out that the condition of positive price changes after the announcement of the interest rate cut does not apply to USDT. USDT Price fell by 0.01%. 

Tether USDT Dominates the Stablecoin Market

In the stablecoin market, Tether USDT continues to strengthen its teeth. TON's USDT Tether dominates and records itself with an increase of up to 75%, from the previous 55%. Its market capitalization even exceeds $118 billion. This figure is proof of the significant increase in Tether USDT in the last 2 years. 

There are several reasons why Tether USDT has had such a significant increase now, namely:

1. Tether USDT has a strong network with better liquidity than other stablecoins so users have more trust2. Users shift away from USDC due to the collapse of Silicon Valley Bank 3. Tether also has an allocation of US government bonds, thus providing income of up to hundreds of millions for Tether itself.

Conclusion

That is information regarding the current condition of the crypto industry after the announcement of the Fed's interest rate cut. Even though Tether's USDT price tends to fall compared to other crypto tokens which rise, this can be a moment to buy USDT as an investment strategy.

However, investing in crypto assets must be accompanied by in-depth research. Carry out technical and fundamental analysis to find out what the condition of the token will be now and in the future.

You can learn how to buy USDT, check prices USDT to USD, to find out the price in real-time on Bitrue. Take advantage of Bitrue's various features to conduct independent research so that you are more confident in investing in digital assets.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

 

This Press Release has also been published on VRITIMES

Cosplay Mania 2024: Ascending Revelries into the Skies

 

Embarking on its 16th year of reaching greater heights, Cosplay Mania will bring you again to the peak, brimming with fun and marvelous adventure as a new chronicle, “Zenith in the Clouds,” opens! For the first time in its history, Cosplay Mania will fill Halls 1-4 of SMX Convention Center for 3 days, starting from October 4-6, 2024, featuring over a dozen awesome international special guests that fans of Gundam Seed, Vocaloid, Hololive, Sword Art Online, Yu Gi Oh!, Digimon, and even The Simpsons will enjoy!

Cosplay Mania continues to tread with a steadfast direction of delivering a one-of-a-kind experience that fans will truly enjoy. With a size of 9000+ square meters, the expansive convention halls transcend into an ultimate paradise for anime and cosplay enthusiasts, featuring over 200 incredible exhibits complete with various merchandise, apparel, artworks, and other trending collections, including exclusive Hololive, Genshin Impact, Honkai: Star Rail merch, and more items that will send wallets flying! The stage will also witness the heart-pounding competition between the best of the best champions for top prizes in the grand finale of the Cosplay Mania Cup and Cosplay Karaoke Cup!

As one of the most-awaited conventions every year, Cosplay Mania never ceases to pull a surprising line-up of guests that can charm the crowd. Known for their stellar talent and dedication in portraying notable characters from different games and shows, this year’s cosplay sensations Taryn from Italy, Byoru from Vietnam, and Lea from Malaysia grace the event with their special appearance on stage and Meet-and-Greet sessions. Japan’s famous Ikémen Series producer and resident cosplayer Hiroto Kuramasu is back for a surprise appearance from Japan to introduce and share otome culture worldwide.

Vtuber enthusiasts will also rejoice as Hololive Indonesia’s “Secret Agent,” Vestia Zeta, and the “Ancient “‘Keris,’” Anya Melfissa, as well as the members of Holostars EN –ARMIS – the enigmatic puppeteer Octavio and the ferocious Jurard T Rexford, captivate the hearts of their fans during their appearance and Meet and Greet in the event.

Known for her exceptional voice, Malaysian American voice actor Su Ling Chan will take us to the skies as she showcases her unique voice acting skills and versatility featured in various video games like Honkai: Star Rail as the “Healer Lady” Bailu, Cabernet in Path to Nowhere, and as Mayday in No Straight Roads. She can also be heard in popular animated series like The Simpsons, Disney Channel’s “BoBoiBoy”, Netflix’s Bread Barbershop, and animated films like New Gods: Yang Jian, and the anime Kageki Shoujo.

A long way since the lineup’s first announcement, this year’s JAM Concert absolutely left everyone astonished, raising the excitement bar to the highest level! So don’t miss the chance to witness the most phenomenal performances coming from your favorite J-music artists, starting with the famous Vocaloid composer and producer packed with electrifying beats behind Project Diva’s Tell Your World and other popular Hatsune Miku hits, kz(livetune)!

Japanese singer-songwriter with a tremendous and extensive genre of ending themes and soundtracks for prominent animes like Kimi no Namae from The Rising of The Shield Hero and Digimon Adventure, Chiai Fujikawa!

Japanese rock, disco, and soul band internationally recognized for their vibrant and funky opening themes like Flyers from Death Parade, Yu Gi Oh Rush!, Reborn as a Vending Machine, I Now Wander the Dungeon, and Duel Masters. Enjoy the Dancehall Music all night with BRADIO!

Pumping up the JAM level to 99%, the world-renowned Japanese 3-piece band known for their intense and dynamic discography featured in Mob Psycho 100 II, Is It Wrong to Try to Pick Up Girls in a Dungeon, and Sirius the Jaeger, sajou no hana will rock the stage with their enthralling sound!

With her major debut in 2017, no one can topple the rising Japanese artist incredibly known for her emotionally invoking performance in her infamous theme songs featured in Sword Art Online: Alicization and The Irregular at Magic High School. Bask in the Vivid World brought to you by the artist behind Resister, ASCA!

On top of it all, with her captivating songs and energetic performance celebrated worldwide since her debut track “Believe” for Mobile Suit Gundam SEED, her immense and powerful discography became a blockbuster in the anime and J-music scene. For the first time, JAM Concert will welcome on stage the one and only J-pop Princess and actress Nami Tamaki in the grandest, groundbreaking 3-day party!

This year, a special 3-Day Portal Pass will also be available for only P9,999*, with the BEST and CLOSEST RESERVED SEATING for the JAM Concert, Ultra Rare JAMverse merchandise, and more! With these endless wonders, Cosplay Mania has a long way to go to pull in more surprises for everyone’s delight. Don’t miss a chance to be a part of this vivid,out-of-this-world experience! Buy your tickets now starting at only P599 at https://cosplayph.ticketmax.ph/ to enjoy a full, cloud nine event!

Visit https://cosplaymania.cosplay.ph for more info.

About Cosplay.ph

Cosplay.ph is one of the leading cosplay and J-culture events organizers in the Philippines. Founded in 2008, it comprises veteran cosplayers and convention-goers, as well as experienced figures in the local production industry.

Cosplay.ph has evolved from its humble beginnings as an online forum for cosplayers into a premier pop-culture events organizer in the country.

Cosplay.ph has extensive experience from small cosplay competitions to multi-day international convention tilts and has partnered with the best venues and corporations here and in Asia to bring the best experience possible to the Filipino con-goer.

Website: https://cosplay.ph

Follow Us: https://beacons.ai/cosplayph

This press release has also been published on VRITIMES

BOEMI Botanicals Presented Indonesia's Heritage Natural Products On the Global Stage At Beauty Istanbul Exhibition 2024

 

BOEMI Botanicals a natural personal care known as Heritage Nature's Skin Food, a local brand from Island of Gods, Bali - was invited by the Consulate General of Republic of Indonesia in Istanbul to participate in Beauty Istanbul Exhibition - an international beauty exhibition- at Istanbul Congress Centre & Lutfi Kirdar & Hilton Convention Centre, Taksim, Istanbul, Turkey from October 2 to 4, 2024.

The global skincare industry has nearly doubled in the last decade. The trend toward healthier lifestyles is impacting every aspect of our lives, including the products we use. In recent years, there has been a significant increase in consumer awareness regarding the ingredients used in personal care products, resulting in a growing demand for clean, sustainable, and natural alternatives. This shift is driven by various factors, including increased consumer awareness of the potential health and environmental impacts of synthetic chemicals, as well as a growing preference for products perceived as more sustainable and eco-friendly.

Beauty Istanbul, confirming itself as one of the world's most important cosmetics, beauty, hair, home care, private label, packaging and ingredients exhibitions. It will be held at the Istanbul Congress Centre & Lutfi Kirdar & Hilton Convention Centre, Taksim, Istanbul, Turkey.

Beauty Istanbul, with 24 years of industry experience, reaches 169 countries and attracts over 16,000 potential trade visitors. The event's tailor-made international exhibition program aims to ensure quality buyers and host 600 international skincare and beauty buyers from around the world from Caucasia & Central Asia, the Balkans, Sub-Saharan Africa, North Africa, the Middle East, and the Gulf countries due to its central location between continents. They claimed as the 5th biggest cosmetic fairs worldwide with 680 exhibitors from 59 countries and the most international cosmetic fair with 14,017 trade visitors from 157 countries.

BOEMI Botanicals was invited by the Consulate General of Republic of Indonesia in Istanbul to participate in an event at the Istanbul Congress Centre & Lutfi Kirdar & Hilton Convention Centre, Taksim, Istanbul, Turkey from October 2 to 4. BOEMI Botanicals showcased the natural care products at the Wonderful Indonesia Booth #1 R 500 along with other 4 selected Indonesian local brands.

"By participating in the event, we hope to generate positive exposure for a local brand, enabling them to share their story and message on a wider scale, and potentially tap into more diverse international markets. This aligns with the values we uphold at BOEMI Botanicals, where we prioritize creating high-quality natural products and contributing to the community," explained Ribka Anastasia, General Manager of BOEMI Botanicals.

About BOEMI Botanicals

BOEMI Botanicals is a nature local brand in Bali that offers natural skin food for people who are interested in nature-based personal care products.

Basic ideas BOEMI Botanicals were born over the recipes created by our ancestors. Held as a family secret passed down for generations, ancient recipes were heavily guarded before they were finally exposed and called cultural heritage. We all know that natural heritage products successfully kept the skin healthy and detoxified for overall health and well-being, and that's an essential key to our brand.

BOEMI Botanicals focuses on the idea of natural and all come from “bumi” (in English meaning earth) productions with customized healthy skin-food products. BOEMI means “bumi” and “oemi/ibu” – two essentials the company dearly holds.

We try to implement the “all women employees” in our humble company because we believe and are committed to building a business to empower the community together, especially a woman.

Indonesia surrounded by unique herbs, fruits, and flowers that contained healing purposes both for medical and beauty ritual. More than 1,200 years old history, our ancestor created recipes that kept the skin healthy and detoxified for overall health and well-being, treating ailments ranging from body, hair, and skin conditions to general daily health maintenance.

Historically, plants were also proven to produce products for cleaning, moisturizing, covering up blemishes, and even treating minor skin conditions.

Held as family secret passed down for generations, ancient recipes were heavily guarded before they finally open the secret and discover as cultural heritage. BOEMI Botanicals absorbs the perspective and creates our natural products from Shampoo, Body Soap, Conditioner, Body Oil, Body Butter, and Body Scrub, to Body Oil. We believe if we "feed" our skin with natural ingredients, we can feel the benefits of Mother Nature.

The products come with different aromas from Kesturi, Tanabasa, Aroma Terapi, Senja, and Rempah while some have another unique aroma such as Percik for Hand Sanitizer.

The other services our humble store prepares are the Refill and Recycling Program where customers encourage refilling our product with their bottle and give back unused empty bottles. The main purposes are to reduce waste and environmental pollution protect natural ecosystems and provide immediate benefits to human health, all of which enhance the long-run sustainability of the earth.

Discover the wellness of skin-food product with BOEMI BOTANICALS, and experience a feeling of complete relaxation from our own ‘bumi’ handmade by the women in the Island of Gods.

This press release has also been published on VRITIMES

WEIGHING THE BENEFITS: THE VF 3 vs. A-SEGMENT CARS vs. MOTORBIKES

 

Since its launch a week ago, the VinFast VF 3 has sparked significant interest, particularly among those considering buying an electric vehicle (EV) or purchasing their first car. As one of the most affordable EV options in the Philippines, the VF 3 combines low operating costs with the practicality of an A-segment car and even some two-wheeled vehicles. VinFast has prepared this story that presents a cost breakdown of owning a VF 3 and highlights the key benefits, thereby demonstrating why the VF 3 is a game-changer for Filipinos. This mini-SUV E is designed to offer both practicality and savings, making it an ideal choice in today’s market. Additionally, customers who reserve the VF 3 from September 26 to October 15 can avail of a special price for as low as Php 605,000. More details on this special introductory pricing are found in the press release.

Weighing the Benefits: The VF 3 vs. A-Segment Cars vs. Motorbikes

VinFast launched the VF 3, its electric mini-SUV, in the Philippines last September 17, offering a budget-friendly option with low operating costs comparable to A-segment cars and some two-wheeled vehicles. In this story, VinFast compares the numbers and highlights the benefits that demonstrate why the VF 3 stands out as a truly cost-effective vehicle for Filipinos.

MANILA, PHILIPPINES |  24 September 2024 -- As the electric vehicle (EV) market expands globally, VinFast, the upstart EV maker, officially launched its VF 3 mini-SUV to the Philippines last September 17, 2024.  This marks the first VF 3 international launch outside of its home market, and VinFast’s latest offering comes with bold claims: the electric mini-SUV promises better comfort, weather protection, and a monthly operating cost that rivals that of some A-segment cars and the humble gasoline motorbike.

The idea of owning a mini-SUV with operating costs almost at par with an entry-level vehicle or a motorcycle seems too good to be true, but VinFast may just have found a way to make it possible.

A Cost Comparison: VF 3 vs. Gasoline Vehicles
VinFast has set the VF 3 at an introductory price of Php 605,000 (with battery subscription) or Php 705,000 (with battery purchase) for early customers. After September 30, the prices will revert to Php 645,000 and Php 745,000, respectively. However, the real game-changer here isn’t the purchase price but rather the operating costs of owning a VF 3.

To see how the VF 3 fares in comparison to its gasoline-powered alternatives in the Philippines, VinFast crunched some numbers and compared the monthly operating costs of the VF 3 (both battery purchase and subscription versions) to those of a typical ICE car in the A-segment and a standard gasoline motorbike. Here's how they did it:

Methodology
VinFast began by analyzing the average fuel consumption of three common A-segment ICE cars (price range of Php 660,000 to Php 840,000) and three popular gasoline motorbikes (price range of Php 81,000 to Php 166,900), resulting in 5.803 L/100km and 2.12 L/100km, respectively. They also calculated the VF 3's energy consumption at 13.95 kWh/100km.  Additionally, VinFast factored in the average electricity cost (Php 11.34/kWh) and gasoline price (Php 64.34/L) in the Philippines. For the VF 3, they considered VinFast's battery subscription plan, which reduces the initial price by Php 100,000 and added a monthly fee based on travel distance:

- Under 1,500 km: Php 2,800
- 1,500-2,500 km: Php 3,800
- Over 2,500 km: Php 6,300

The monthly operating costs for driving 1,500, 2,500, and 3,500 kilometers were calculated using these figures. The fuel or energy costs for an average ICE motorbike/car and the VF 3 (with battery purchase) were determined using the following formula: (Monthly Distance) x (Energy Cost Per Kilometer) x (Fuel/Electricity Price). For the VF 3 with a battery subscription, the subscription fee was added to the calculation.

As the table shows, the VF 3's battery purchase version costs about half as much to run as the average ICE car in the A-segment, particularly as distance increases. Even with the battery subscription plan, the VF 3 still offers a lower operating cost compared to gasoline cars, though it is significantly higher than a motorbike due to the added subscription fee (although the subscription model already helps lower the initial purchase price by Php 100,000, potentially amounting to years of subscription fee).

The Evident Benefits of the VF 3
For budget-minded consumers, the VF 3's value proposition is clear. At a slightly higher operating cost than a motorbike, you gain the comfort of a mini-SUV, complete with air conditioning and shelter from the elements, all while enjoying the fuel savings of an electric vehicle. For those considering an entry-level car, the VF 3 is a cost-efficient solution for the daily commute.  Perfect for city driving, the VF 3's compact size makes it easy to navigate urban areas, while still providing the safety typically found in larger cars.

Maintaining an electric vehicle is also significantly simpler compared to an ICE car or even a motorcycle. Electric cars like the VF 3 require far less maintenance. There’s no engine oil to change, and fewer mechanical parts mean a longer maintenance cycle.  Moreover, the VF 3 is a personal statement with 9 colors to choose from and offers a playful canvas for customization, truly allowing you to put your own stamp on the car.

VinFast also offers one of the best after-sales service programs in the market. The VF 3 comes with a 7-year or 160,000-kilometer warranty for the vehicle itself, while the battery (if purchased) has an 8-year, unlimited mileage warranty.  If you opt for the battery subscription, VinFast takes it a step further by providing free battery replacement if the charging capacity drops below 70%. This assurance goes a long way in eliminating concerns about battery lifespan and overall vehicle reliability.

Is the VF 3 Worth It?
Ultimately, the decision comes down to your personal needs and preferences. If you're looking for something more substantial than a motorbike but still want to keep your monthly operating costs low, the VF 3 presents a compelling case as a fully enclosed vehicle with better safety, comfort, and practicality.  Just like in Vietnam, the VF 3 offers city-dwellers in the Philippines an affordable entry point into the world of electric vehicles without sacrificing comfort or convenience.

Launch Promo Pricing
From September 26 to October 15, early customers who reserve the VF 3 will enjoy several attractive incentives and privileges, including a special price of Php 605,000 (battery subscription) or Php 705,000 (battery included). After this period, the prices will revert to the MSRP of Php 645,000 (battery subscription) and Php 745,000 (battery included).

Additionally, early VF 3 customers will have the privilege of choosing from nine striking exterior paint colors, including four base colors and five premium options, free of charge. Premium paint colors will cost an additional Php 20,000 after this period.  Moreover, for only Php 40,000, early customers can customize their car's paint beyond the nine available colors. This will be the only time VinFast offers this exclusive privilege for the VF 3.

VinFast is accepting deposits of Php 5,000 through its official website (https://shop.vinfastauto.ph/vf3) or at authorized dealerships (refundable under VinFast's terms).

About VinFast

VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam’s largest conglomerates, is a pure-play electric vehicle (“EV”) manufacturer with the mission of making EVs accessible to everyone. VinFast’s product lineup today includes a wide range of electric SUVs, e-scooters, and e-buses. VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally and increasing its manufacturing capacities with a focus on key markets across North America, Europe and Asia. Learn more at: https://vinfastauto.ph/

This press release has also been published on VRITIMES