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Chinese automaker to build US$250-million factory in Vietnam

HCMC – BYD Auto, an automotive firm based in the Chinese province of Guangdong, intends to construct a plant in Vietnam to produce parts...

VinFast receives US$135m of ADB-led green financing

HCMC – Vietnamese electric vehicle (EV) manufacturer VinFast has received a US$135 million financing package from the Asian Development Bank (ADB) to manufacture Vietnam’s...

VAMA proposes lower tax on hybrid cars

HCMC – The Vietnam Automobile Manufacturers’ Association (VAMA) has written to the Government proposing lowering the excise tax and registration fee on hybrid electric and plug-in...

Vietnam looks to phase out fossil fuel vehicles by 2040

HCMC – Vietnam expects to phase out fossil fuel-powered vehicles by 2040 through steps to restrict and then stop manufacturing, assembling and importing vehicles...

Electric vehicles to be exempt from registration fee from March

HCMC - The Government has issued a decree exempting the buyers of electric vehicles from registration fees for three years starting from March 1...

Work starts on Vietnam’s first EV battery factory

HCMC – Vingroup has begun work on the VND4-trillion first phase of what is the country's first electric vehicle battery manufacturing factory in the...

VinFast launches its global EV brand in U.S.

HCMC – VinFast has launched its global electric vehicle (EV) brand and unveiled two electric SUV models, VF e35 and VF e36, at the...

VinFast to produce batteries for electric vehicles

HCMC – Vietnamese automaker VinFast, a subsidiary of Vingroup, signed a memorandum of understanding with China’s Gotion High-Tech Co., Ltd, a leading firm in...

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