Vietnam to begin charging registration fees for EVs from March
Beginning in March, electric vehicle (EV) buyers in Vietnam will be subject to a registration fee, marking the end of a three-year exemption.
Chinese electric vehicles drive back into Vietnamese market
About a decade ago, Chinese car brands like Zotye Z8, Beijing X7, and Brilliance V7 entered the Vietnamese market to limited success. But a new fleet of modern Chinese vehicles began to gain traction in the Vietnam market last year.
Hanoi wants to increase fines for flouting road rules to 1.5-2 times
Hanoi city authorities want to increase fines for 107 traffic violations to 1.5-2 times the current levels by July this year.
VinFast to build second production plant in Vietnam
Vietnamese electric vehicle (EV) manufacturer VinFast on Sunday announced a plan to build its second domestic production plant that will double its output capacity, saying it is needed to meet increased demand for its small and mid-sized models.
Vietnam’s richest man vies to dethrone SE Asia’s ride-hailing king, Grab
Pham Nhat Vuong’s Xanh SM has big ambitions, but critics question its growth potential in a fiercely competitive market.
Vietnam plans electricity subsidies for EV charging stations
Vietnam is planning to subsidise electricity prices for electric vehicle (EV) charging stations, as part of its efforts to promote the use of EVs and meet its energy transition commitments.
BYD sets sights on aggressive expansion in Vietnam
Chinese electric vehicle giant BYD on Thursday outlined plans to aggressively expand its dealership network in Vietnam as it opens its first stores in the country this week, posing a formidable challenge to local rival VinFast .
Vietnam’s VinFast looks to tiny EV, priced at less than $10,000, to change its fortunes
Vietnamese automaker VinFast, for a short time the third-most valuable car company in the world, has a big problem: It just can’t sell enough cars.
Vietnam issues regulations for motor vehicles brought from abroad
The government has issued a decree regarding the management of motorized vehicles registered abroad and brought into Vietnam by foreign travelers.
The BYD of Vietnam just reported a huge loss for 2023—a whopping $2.4 billion
VinFast’s revenue growth is fast, but the electric-vehicle maker’s costs grow faster. Vietnam’s Tesla challenger is building a $2 billion manufacturing plant in North Carolina, is poised to break ground on another in India’s Tamil Nadu, and has yet another planned in Indonesia.
VinFast critic detained, interrogated by Vietnam police for facebook posts
VinFast previously called police on a customer who posted a YouTube video about their car’s quality problems.
Vietnam’s VinFast to build a $2 billion EV plant in India as part of its global expansion
Vietnamese automaker VinFast says it plans to spend up to $2 billion to build an electric vehicle factory in India, the world’s third-largest auto market by sales.
Vietnam’s richest person bets over $10 billion to break into the global EV market
Vietnam’s richest person, billionaire Pham Nhat Vuong, didn’t become worth over $4 billion without taking some risks. His current venture is to create Vietnam’s first global automaker, VinFast Auto, and he’s betting over $10 billion to make the company into a…
Vietnam automaker sends EVs to Laos for electric taxi service
Vietnamese automaker VinFast on Friday sent 150 cars to neighboring Laos for the launch of an electric taxi service, months after starting a similar scheme at home.
VinFast revenues jump on EV sales to Vietnam affiliate
Vietnamese electric car maker VinFast said on Thursday its third-quarter revenue more than doubled with the largest share of its sales going to an affiliate company owned by its founder.
VinFast officially launches VF 6 in Vietnam
VinFast has officially launched VF 6, its first electric model in the B-SUV segment, the ideal choice to begin every journey for Vietnamese families. With a starting price of 675 million VND, the VF 6 is now available for order…
Vietnam’s VinFast to deliver EVs to Europe this year as EU probes China rivals
Vietnamese electric vehicles maker VinFast plans to ship its first EVs to Europe this year after receiving regulatory approval, its chief executive told Reuters on Thursday, as the European Union considers imposing tariffs on its Chinese rivals.
Vietnam’s wealthiest tycoon becomes Asia’s fifth richest person as VinFast surges on Nasdaq debut
Billionaire Pham Nhat Vuong, Vietnam’s wealthiest man, joined the top ranks of Asia’s richest after shares of his electric vehicle maker VinFast Auto surged 255% on the company’s Nasdaq debut, adding a whopping $39 billion to his net worth.
Vietnam Vingroup’s ambition to take on Tesla hits bumpy road
Vietnamese conglomerate Vingroup has made a big bet on the global shift to electric vehicles. But its EV business has struggled to take off, bogged down by a domestic market slow to embrace electrification and a troubled rollout in the…
Vietnam’s Vinfast starts construction of EV factory in the US
Vinfast, a Vietnamese electric car manufacturer under Vingroup, held a ground-breaking ceremony for an electric car factory in North Carolina, US on Friday. The event marked an important step in Vingroup’s strategy for market expansion and brand development.
The carmaker from Vietnam looking to take on Tesla
VinFast wants US customers and investors for its EVs but has hit bumps in the road.
How Vietnam can disrupt China’s dominance in EVs
There’s a long way to go, but the country has most of the ingredients it needs to be a significant player in global EV supply chains.
Vietnam ‘strong candidate’ to join F1 race in 2024
There are chances that Vietnam will be a host in the 2024 Formula One World Championship calendar, according to Formula 1 news site Grandprix.
Vietnam’s EV push fails to bring automakers aboard as sales falter
VinFast’s lackluster performance discourages foreign rivals from entering market
The abandoned $600m F1 circuit, the jailed mayor and a race near Australia that may never happen
Fenced off to the public and dotted with plastic waste, Hanoi’s motor race circuit lies largely abandoned while hopes fade that Vietnam’s capital will ever host a Formula 1 grand prix.
Why is Vietnam’s VinFast building an EV factory in the United States ?
The upstart auto maker is hoping that offshoring its manufacturing to the U.S. will help it tap into the growing American demand for electric vehicles.