Vietnam Becomes Southeast Asia's Largest EV Market as Sales Surge

Private passenger vehicles account for the overwhelming majority, with 369,849 battery electric passenger cars in operation, alongside 3,396 electric trucks and 1,571 electric buses. This is the first batch of finished buses manufactured by Kim Long Motor to be transported to an international market via a dedicated roll-on/roll-off (Ro-Ro) vessel, marking a new development in logistics capacity and port connectivity in the central region. The magazine said the VF 2 retails at 188 million VND (7,200 USD) with the battery included, making it one of the most affordable electric cars in the Vietnamese market. The company will buy non-performing loans from credit institutions and foreign bank branches, recover and dispose of debts and collateral, restructure loans and support lenders in resolving bad debts. At a meeting with local authorities, Korean businesses expressed interest in cooperation in aviation technology applications, high-tech human resources training, technology transfer, innovation, and ICT. Red Bull expressed confidence in the development prospects of the Vietnamese market and said it hopes to continue seeking and expanding connections with Vietnamese partners to explore specific cooperation opportunities. As a favourite destination for Korean tourists, the city can also use tourism as a bridge to deepen cultural and business links between the two countries, said Vietnamese Ambassador to the RoK Vu Ho. Do Ngoc Hung, Trade Counsellor and head of the Vietnam Trade Office in the US, said what stands out is not only the growth in trade volume but also the increasingly deep economic ties between the two countries. Experts say e-commerce has given young people a major advantage, allowing them to start small while reaching large markets. However, for this advantage to become a lasting springboard, they need to be equipped simultaneously with technology, business skills and legal knowledge. Deputy State Auditor General Ha Thi My Dung affirmed that the SAV remains ready to make active contributions to ASOSAI initiatives and activities, fulfil its responsibilities as a member of the Audit Committee for the 2024-2027 term and work towards joining the ASOSAI Governing Board. The next steps following the upgrade were clearly outlined in the securities market upgrade scheme, which took effect in September 2025, Vice Chairman of the State Securities Commission (SSC) Bui Hoang Hai told the Vietnam News Agency (VNA). Vietnam has emerged among the world’s 10 most improved real estate markets in terms of transparency during the 2024-26 period, according to the 2026 Global Real Estate Transparency Index released by global real estate services firm JLL. Hai Phong city is committed to building an enabling administration that acts decisively, dares to take the lead and assumes responsibility, while providing the best possible services to residents and the business community The festival aims to raise public awareness of green, low-emission rice production, spur innovation, and boost the quality, value and global competitiveness of Vietnamese rice. If properly connected through appropriate mechanisms, OV entrepreneurs could provide a valuable source of knowledge, science – technology, management expertise, finance, investment and international relations to contribute to the homeland's development. The green transition is not simply about meeting a set of standards, but is directly linked to the ability of Vietnamese electronics companies to enter and maintain their position in global supply chains. An Giang's presentation will highlight urban development, key industries and investment prospects. At the expo, the province plans to showcase signature agricultural and forestry products while promoting its industrial parks, investment incentives and tourism resources. The opening ceremony's highlight was a strategic Memorandum of Understanding signed by the Vietnam Industrial Park Supply Enterprises Association and the Korea-Vietnam Association of Science and Technology, aimed at helping thousands of firms expand globally. During a working session with GEO Group, which is developing a project in Gia Lai, Vice Secretary of the Party Committee and Chairman of the People’s Committee of Gia Lai province Pham Anh Tuan pledged full support to ensure the venture breaks ground on schedule in October. Once external transport routes, particularly the Son La-Dien Bien-Tay Trang Border Gate expressway, are completed, they are expected to reduce cargo transport costs and time and attract investment in warehousing, logistics, processing and distribution. To develop green ports, the Vietnam Seaports Association planned to promote energy management, emission reduction, electrification, onshore power, renewable energy, measurement systems, reporting and verification of emissions (MRV), along with green financial solutions. In the next phase of growth, VinFast said it will continue to put customers at the centre of its operations while investing in and expanding service capacity in key markets. As Vietnam’s economy has grown, so has its appetite for Norwegian salmon. Fresh Norwegian salmon exports to Vietnam reached approximately 7,900 tonnes in 2025, an increase of 40% from the previous year. Copyright, VietnamPlus, Vietnam News Agency (VNA) Editor-in-chief, Mr. Tran Tien Duan.