HCMC – Vingroup has proposed covering 100% of the registration fee for Hanoi residents who purchase VinFast electric motorbikes, as the city is preparing to restrict gasoline motorbikes from inner-city areas.
The offer, submitted to Hanoi authorities on July 23, would apply to buyers with permanent or temporary residence in the city. The incentive would be valid from July 24 to October 24.
Vietnam imposes a first-time registration fee of 2% on electric motorbikes, rising to 5% in major cities like Hanoi and HCMC. Vingroup’s proposal would eliminate this cost for eligible customers.
In addition, buyers would receive a 10% discount on the vehicle price. Customers would pay 10% upfront, with the remainder available through a three-year installment plan. Free charging at VinFast stations would be offered through May 2027.
Customers purchasing electric motorbikes for business use, including ride-hailing services such as Xanh SM, would receive the same discount and financing terms.
Hanoi plans to ban gasoline-powered motorbikes in central areas starting July 1, 2026. Further restrictions on fossil-fuel vehicles will extend to Beltways 1 and 2 in 2028, and to Beltway 3 by 2030.
Vingroup also proposed incentives for electric car buyers, including loans with an annual interest rate of 3% for personal use and 4% for business use for up to three years.
