As Southeast Asia shifts its focus from boosting electric vehicle sales to building local manufacturing and supply chains, Việt Nam is well placed to remain one of the region''s fastest-growing EV markets while expanding its production base.
Although the charging networks are not yet large enough to fully meet demand, the expansion of infrastructure by automakers and third-party operators is expected to improve charging access for electric vehicle users in Việt Nam.
For foreign direct investment (FDI) enterprises, the biggest obstacle in entering a new market is often not infrastructure or logistics, but the predictability of government policy.
Battery electric vehicles (EVs) will remain exempt from first-time registration fees until the end of 2030 under a new decree promoting green transport and domestic EV production.
The Ministry of Finance has proposed extending preferential special consumption tax rates on battery-powered vehicles with fewer than 24 seats until the end of 2030.
Việt Nam’s automobile market is entering a remarkable transition marked by tightened environmental policies and a rapid shift towards electrification, according to a report by auto research platform oto.com.vn released early this week.
This achievement comes after more than a year of VinFast holding its position as the best-selling car brand in the Vietnamese market, creating a significant lead over other automakers.
The ministry’s request follows continuous media reports that several apartment complexes in Hà Nội and HCM City have temporarily denied EVs into their basement parking lots for fear of fire and explosion risks.
The Ministry of Finance has rejected Vingroup’s proposal to exclude locally made parts from the EV tax base, saying current incentives already align with international commitments and green goals.
Designed with modularity, scalability, and versatile adaptability, SICHARGE FLEX underscores Siemens’ unwavering commitment to leading the charge in smart infrastructure and the global transition to electric mobility, the company said in a statement.