Vietnam’s passenger EV market is currently dominated by VinFast, which held more than 50% market share in 2022. (Photo: VinFast)
Hanoi (VNA) – Passenger EV sales in Vietnam are expected to at least double this year, according to BMI Research, a FitchSolutions research unit.
“In 2023, we expect passenger EV sales to expand by114.8% year-on-year to reach around 18,000 units,” said BMI’s report.
Specifically, sales for battery electric vehicle (BEV)could surge by 104.4% compared to the previous year to nearly 17,000 units, thereport said. Plug-in hybrid vehicle, or PHEV, could jump nine-foldyear-over-year to almost 1,100 units.
“We currently expect passenger EV sales in Vietnam toaverage annual growth of 25.8% over 2023-2032 to reach an annual sales volumeof around 65,000 units, up from 8,400 units in 2022,” said BMI.
The penetration rate for passenger EVs — defined aspassenger EV sales as a percentage of the country’s total passenger vehiclesales — is set to increase to 13.6% by 2030, a huge jump from last year’s 2.9%.
Vietnam’s passenger EV market is currently dominated by VinFast. (Photo: VinFast)
According to BMI, Vietnam’s passenger EV market iscurrently dominated by VinFast, which held more than 50% market share in 2022.The rest of the market is held by Chinese brands.
A strong EV growth is expected to be fueled byincreased deliveries of VinFast vehicles as the local EV maker steps upproduction throughout 2023.
Such EV manufacturers as VinFast, Wuling HongGuang,Skoda and Hyundai are expected to drive strong market growth for the2023-2032 period, it noted./.
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Waterway vehicles will not be allowed to anchor in the buffer zone along the shores of Ha Long Bay – a UNESCO-recognised world heritage site in the northeastern province of Quang Ninh, from August 1.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
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PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
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Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
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In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Vietnam’s passenger EV market is currently dominated by VinFast, which held more than 50% market share in 2022. (Photo: VinFast) 
Vietnam’s passenger EV market is currently dominated by VinFast. (Photo: VinFast) 
