Vinh Phuc keen on US investment in electric vehicles
Provincial delegation visiting the US to introduce its foreign investment attraction policies.
Electric vehicles hold potential in Vietnam
According to consultants Dezan Shira & Associates, with a rapidly-growing population, expanding middle class, and growing environmental awareness, Vietnam holds promise as a strategic market for electric vehicle manufacturers. It also has priority policies for the development of such vehicles, including exemptions on registration fees for three years from March 2022, while special consumption tax rates will be 1-3 per cent for five years.
UNDP: Vietnam boasts potential in electric cars
A report from the research team at the United Nations Development Program (UNDP) in Vietnam pointed out that Covid-19 has not directly impacted the country’s car industry but instead presented it with more opportunities. They suggest that Vietnam quickly issue suitable policies so that its car industry can focus on a transfer to electric cars in the time to come. Electric cars are the future of Vietnam’s car industry, the report noted, and will mark the country’s position in the global market.