#electric vehicles

Chinese carmakers are putting new pressure on prices and technology while testing Vietnam’s ability to retain more value.

Vietnam has adopted a more comprehensive approach to developing its EV industry by maintaining long-term investment incentives, investing in industrial infrastructure, developing human resources, and gradually building a high-tech manufacturing ecosystem, according to a recent article on The Jakarta Post.

To date, the Ministry of Industry and Trade, in coordination with the Ministry of Science and Technology, has issued 18 standards and regulations related to charging stations, charging equipment and batteries.

According to the Department for Roads of Vietnam, the Vietnam National Petroleum Group (Petrolimex) is investing in nine rest stops. At the Mai Son–National Highway 45 rest area, 10 charging points have been installed on each side of the expressway. Each point has two charging ports, providing 20 EV charging spaces on each side.

Under a draft resolution currently open for public feedback by the municipal People’s Committee, residents with permanent or temporary residence registration in Hanoi for at least two consecutive years, who own petrol-powered motorbikes registered before the resolution takes effect, will be eligible for support when purchasing electric motorbikes priced at 10 million VND or more.