Instead of introducing low-cost cars to compete with Japanese and South Korean rivals as they did in the past, Chinese automobile brands have changed their strategy.

With the presence of over 10 hybrids, priced from VND500 million to VND1.3 billion, the Vietnamese automobile market has become more bustling.

BYD's latest move shows that it just wants to sell products in the Vietnamese market rather than set up a factory and make a long term investment here.

There are about 2.4 million cars in circulation and most of them run on gasoline, but by 2050 most vehicles will be electric, a report says.

The Vietnamese market is witnessing a surge of Chinese electric cars since 2023, with five brands entering in just the past 12 months, covering all segments from mini cars to SUVs and MPVs.

A panel discussion on using electric vehicles (EVs) for taxi services in Vietnam was held late last week, where participants urged to speed up the shift to electric taxis.

HCM City has begun an electric vehicle service that will take tourists to sightseeing and amusement places.

The process of shifting from petrol-run to electric motorbikes is facing challenges. Experts say the process will succeed only if there are attractive policies to persuade people to use electric vehicles.

Facilitating the transition to electrified vehicles in VN, State management bodies must put forth preferential policies, development strategies and initiatives to encourage adoption by users, according to experts.

The Ministry of Transport (MoT) and the United National Development Programme (UNDP) and the Japanese Embassy in Vietnam jointly held a conference in Hanoi on November 10 to discuss ways to accelerate the transition to electric vehicles.

HCM City’s first electric bus has struggled after being put into operation for more than one year.

Buyers of electric vehicles (EVs) could receive an incentive totalling 1,000 USD per purchase.

The Ministry of Transport has just submitted its proposal to Deputy Prime Minister Tran Hong Ha on incentives for electrical vehicle (EV) producers and users.

Wuling HongGuang MiniEV has reaped fruit in the Chinese automobile market thanks to low prices, but this doesn’t mean it will succeed in Vietnam.

The newest electric vehicle manufacturer in Vietnam, with technology transferred from Germany, will set up a factory in Thai Binh that will make small-size city vehicles.

GSM – the first taxi service supplier using electric cars in Vietnam, officially provided its service in the central city of Da Nang on June 16.

Changes in consumer habits have caused demand for electric motorbikes to increase rapidly in recent years, especially in Hanoi and HCM City.

VinFast, an electric vehicle maker of the Vietnamese conglomerate Vingroup, said on April 26 that it had got a fresh round of funding pledges worth 2.5 billion USD serving its future development.

Vietnam needs to design reasonable policies to encourage people to stop using internal combustion engine vehicles and shift to hybrids. And this needs to be done immediately.