Deputy Prime Minister Le Van Thanh has asked the Ministry of Industry and Trade to study policies to promote the development of the domestic automobile industry, in line with the growing global trend towards electric cars.
A charging station of Vinfast. Vietnam will study policies for electric car development in line with the global trend. (Photo: vov.vn)
Hanoi (VNS/VNA) - Deputy Prime Minister Le Van Thanh has asked theMinistry of Industry and Trade to study policies to promote the development ofthe domestic automobile industry, in line with the growing global trend towardselectric cars.
The request was to response to the proposal of the Vietnam AutomobileManufacturers’ Association (VAMA).
VAMA said that Vietnam needed to have an automobile industry strategy in linewith the growing global trend toward electric cars that contributes to Vietnam’scommitment to net-zero carbon emission at the United Nations Climate ChangeConference (COP26).
Accordingly, VAMA proposed an electric car development programme to be raisedtogether with a roadmap to convert from fossil-fuel cars to electric cars andan action plan to implement COP26 commitments.
VAMA also proposed policies to be raised for promoting the development of thepart-supply sector for the automobile industry.
Statistics of the Industry Department under the Ministry of Industry and Tradeshowed that there were about 40 companies operating in manufacturing andassembling automobiles as of the end of 2020 with a total designed capacity of755,000 units per year.
Of them, foreign-invested firms accounted for 35 percent.
Some domestic firms managed to participate in the global automobile productionchain, the department said. However, Vietnam’s auto industry was largelydependent on the production assignment of big manufacturers.
Electric car prices remain higher than in other countries in the region.
Except for VinFast, no domestic manufacturers had seriously invested indeveloping electric cars, to date.
VinFast previously said that it would stop producing fuel cars by the end of2022 and increase the development of electric cars in the domestic market, theUS and the European markets.
According to Pham Tuan Anh, deputy director of the Industry Department,electric cars were not very popular in Vietnam.
Statistics showed that there were around 600 hybrid, plug-in hybrid andelectric cars in Vietnam as of the end of the first quarter of 2021 - all wereimported.
The development of electric cars would depend on three major pillars, includingthe legal framework, support policies from the Government and promotion measures./.
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A charging station of Vinfast. Vietnam will study policies for electric car development in line with the global trend. (Photo: vov.vn) 
