Việt Nam is creating favourable conditions for foreign companies, including US firms such as R3 Lithium, to invest and operate effectively in Việt Nam.
The two sides will work on technical solutions to ensure compatibility, safety and convenience between electrified vehicles distributed by TC Group and VGX''s charging network.
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.