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.
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.
LG Energy Solution has signed a memorandum of understanding with Honda and Hà Nội authorities with the aim of developing a public battery-swapping network for electric motorbikes in the Vietnamese capital, the Korean battery maker announced on May 19.
The partnership between Xuân Cầu Holdings, Petrolimex and Selex Motors marks a major step in developing green energy infrastructure and expanding electric transport energy services in Việt Nam.
The Ministry of Construction is seeking to develop a model to encourage the participation of the private sector participation in building a nationwide electric vehicle (EV) charging network, with a focus on mobilising private resources and expanding public-private partnerships.
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.
According to statistics of the Vietnam Association of Motorcycle Manufacturer (VAMM), sales by its members, including Honda Vietnam, Yamaha Motor Vietnam, Piaggio Vietnam, SYM Vietnam and Suzuki Vietnam rose by 8.3 per cent year-on-year to 729,121 units.
Data from the Vietnam Association of Motorcycle Manufacturers (VAMM) shows that traditional manufacturers experienced a noticeable slowdown last year, with total market sales reaching 2.6 million units, down 1.5 per cent year-on-year.
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.
Kim Long Motor Hue JSC (Kim Long Motor) on January 27 signed a strategic partnership with BYD Battery, a global leader in batteries and new energy vehicles, and kicked off construction of a BYD battery manufacturing plant in its Huế...