Viet Nam’s automotive market could approach 700,000 vehicle sales in 2026, after nearly 500,000 units were sold in the first nine months, as electric and hybrid vehicles gain ground and automakers step up competition ahead of the year-end buying season.

Welcoming US businesses to invest and operate in Viet Nam, Deputy Prime Minister Nguyen Van Thang said the Southeast Asian country seeks not merely to attract more investment capital but to establish partnerships based on co-creation.

Viet Nam is emerging as an attractive destination for the electric vehicle (EV) industry thanks to its stable investment environment, consistent industrial policies, skilled workforce, and well-developed manufacturing ecosystem, according to a recent opinion article published by Indonesia's The Jakarta Post.

Amid sharp rises in global energy prices, Viet Nam is accelerating the shift to green transport to safeguard energy security and reduce emissions, as the transport sector consumes vast quantities of fuel and is a major source of emissions in urban areas.

Prime Minister Pham Minh Chinh has issued a dispatch directing ministries, sectors and localities to accelerate the development of electric vehicle (EV) charging infrastructure in urban areas and apartment buildings.

The People’s Committee of Ha Noi has issued a plan to convert all petrol- and diesel-powered taxis to electric and green-energy vehicles before 2030, accompanied by a range of support mechanisms and policies for businesses.

Viet Nam's automobile sector underwent a key shift in 2025, with recovering consumer spending, robust electric vehicle (EV) demand and surging imports, especially from China, reshaping the industry.

To move towards the roadmap of restricting and banning fossil fuel-powered vehicles within Ring Road 1 from July 1, 2026, and within Ring Road 2 from January 1, 2028, planning and developing a charging station network integrated with the power infrastructure across Ha Noi is critically important.

Concerned about potential fire safety risks, in recent times many apartment buildings across Ha Noi have announced the temporary suspension of parking services for electric vehicles in basement areas, sparking mixed reactions between building management units and residents.

The Viet Nam Mobility Show 2025 officially opened on December 26 at the Viet Nam Exhibition Centre (VEC) in Ha Noi’s Dong Anh commune, bringing together more than 20 automobile, motorcycle, and accessory brands and offering a comprehensive panorama of sustainable mobility trends.