According to the latest draft strategy submitted by the Ministry of Industry and Trade, out of the 1 million cars to be sold in Vietnam in 2030, around 350,000 units will be electric, hybrid, and solar-powered vehicles.

Plant in northern province to have investment of $800 million and begin production in late 2025.

Renewed licensing would help prevent disruptions to supply chains.

Many people unable to have vehicles inspected due to overloading at registration centers.

Centers in Hanoi and HCMC meeting just 40-50% of demand.

The Indian automotive industry is looking forward to active cooperation with Vietnam’s automotive sector, Mr Yuvraj Kapuria, Chairman - YBLF and Vice President - The Hi-Tech Gears Ltd, told VET.

Top 5 unchanged from 2020, but in different order.

Northern Vinh Phuc province is committed to creating the most favorable conditions possible for foreign investors and especially in the automobile sector. It is already home to major investors such as Toyota, Honda, and Daewoo Bus as well as hundreds of supporting manufacturers.

Indonesia has recently become a major supplier of motor vehicles to Vietnam. Imports from the country in September rose 66.4 per cent compared to August, according to the General Department of Vietnam Customs.

The Ministry of Finance has proposed extending the suspension of excise taxes on domestic automobile production, which would help businesses gain more financial resources to overcome the severe impact of Covid-19.