The Philippine Navy is expecting the delivery of two ships acquired under its Corvette Acquisition Project under the Revised AFP Modernization Program's Horizon 2 phase covering years 2018 to 2022.

[6][7][8] In 2023 September interview with DZBB to vice commander Rear Adm. Caesar Bernard Valencia, he estimated that the navy would receive the two ordered HDC-3100 corvettes starting around 2025–2026.

[11] On 18 June 2024 BRP Miguel Malvar was launched at HHI's Ulsan shipyards with sea trials to commence prior to its delivery to the Philippine Navy by 2025.

[12] The launch ceremony was attended by Defense Secretary Gilberto Teodoro Jr, his wife Special Envoy to the United Nations Children’s Fund Monica Louise Prieto-Teodoro, Armed Forces of the Philippines Chief Gen. Romeo Brawner, Philippine Navy Chief Vice Adm. Toribio Adaci Jr and other military officials.

Based on open source information, the new corvette would be more or less similar in size to the Jose Rizal-class frigate, but will have improved sensors and weapons suite.

Several offers were made to the Philippine Navy to meet the requirements for new corvettes, including proposals coming from South Korea's Hyundai Heavy Industries,[14] Turkey's ASFAT,[15] Israel Shipyards, Germany's ThyssenKrupp Marine Systems (TKMS), France's Naval Group,[14] Dutch shipbuilder Damen Group,[14] and India's Goa Shipyard.

It is an improved design of the HDF-2600 which was used on the Jose Rizal-class frigate, with a longer hull and a heavier displacement to accommodate increased subsystem requirements of the Philippine Navy.

[26][1] In an interview with Naval News, Safran has confirmed that their PASEO XLR extra long range optronic identification & fire control system will be installed on the 2 HDC-3100 corvettes and 6 HDP-2200 offshore patrol vessels being built by HD Hyundai for the Philippine Navy.