LG Energy Solution, Honda eye Việt Nam’s e-motorbike market
Market Move
The Vietnamese EV maker plans to spin off and sell its domestic manufacturing business as part of a broader shift toward a more capital-efficient, asset-light operating model.
VinFast to sell Vietnamese manufacturing unit in $530 million restructuring move
Wheels
Hybrid vehicle sales reached 1,723 units last month, up 53 per cent year-on-year, while four-month sales totalled 6,848 units, jumping 86 per cent.
Hybrid vehicle sales in Việt Nam surge by 86 per cent
Wheels
The recall, running from May 18, 2026 to May 18, 2029, covers certain Xpander and Xpander Cross vehicles due to a potential defect in the second-row seatback adjustment mechanism.
Mitsubishi Motors Vietnam recalls Xpander, Xpander Cross models
Market Move
The ride-hailing market in Việt Nam is entering a new phase of competition as major platforms raise service fees and fares after years of relying on subsidies and promotions to attract users.
Ride-hailing firms raise fees as market shifts focus to profitability
Electric Vehicles
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.
Ministry seeks private-sector-led model for nationwide EV charging network
Wheels
Hybrid vehicle sales by Toyota Vietnam (TMV) jumped 78 per cent year-on-year in April, highlighting a growing shift among Vietnamese consumers toward fuel-efficient and environmentally friendly cars
Rising demand for hybrid vehicle lifts Toyota Vietnam’s April sales
Electric Vehicles
Diesel trucks can operate continuously for hundreds or even thousands of kilometres, creating a significant gap compared with electric vehicles.
Electric trucks shift gears in policy and infrastructure push
Wheels
Rapid growth in Việt Nam’s auto industry is exposing reliance on imports, underscoring the need for deeper localisation and a stronger industrial ecosystem.
Auto supporting industry urged to move beyond assembly as imports surge
Electric Vehicles
VinFast on April 18 announced the signing of Memoranda of Understanding (MoUs) on strategic cooperation with 14 e-scooter distributors in the Philippines.
Vinfast signs partnerships with 14 e-scooter dealers in the Philippines
Electric Vehicles
GSM Green and Smart Mobility JSC (GSM) on April 14 officially unveiled the rebranding of Xanh SM to Green SM, aligning its brand identity across international markets as it moves into a new phase of global expansion.
Green SM unveils global rebrand, expands platform model to Southeast Asia
Electric Vehicles
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.
Electric motorbike sales accelerate as high fuel prices drive shift
Market Move
For the first quarter of 2026, VinFast delivered a total of 53,684 electric vehicles, maintaining strong growth across its entire product lineup.
VinFast posts record sales in March 2026, maintains leading position in Việt Nam’s EV market
Wheels
VinFast logged over 135,000 orders and delivered more than 93,000 electric motorbikes in March 2026, marking its highest monthly sales on record.
VinFast hits record with 93,000 EV motorbike deliveries in March
Market Move
Under the agreement, Kijsetthi Mobility will serve as the authorised distributor of Kim Long Motor bus products in Thailand, establishing a nationwide sales and after-sales service network.
Kim Long Motor expands into Thailand's bus market
Electric Vehicles
According to the Hà Nội Department of Construction, the rollout follows Plan No. 149/KH-UBND issued on May 28, 2025, by the municipal People’s Committee to develop a public transport system using electric and other green-energy buses.
