Vietnam Holds Advantages in Race to Attract EV Investment: Indonesian Newspaper

An Indonesian media analysis highlights Vietnam's advantageous position in the race to attract electric vehicle (EV) investment, attributing this to the remarkable growth of Vietnamese EV manufacturer VinFast and the government's supportive policies for EV adoption. According to the report, VinFast sold 115,916 vehicles in the first six months of 2026, marking its highest sales figure since the company began operations. This achievement makes VinFast the first Vietnamese automaker to surpass 100,000 vehicle sales in the first half of a year. Its VF 2 model, priced at 188 million VND (approximately $7,200 USD) including the battery, is positioned as one of the most affordable EVs in the Vietnamese market. The Vietnamese government plans to prioritize areas with strong potential for reducing urban air pollution by 2030, particularly in rail and road transport. This includes developing criteria for green rest stops, green railway stations, green seaports, and green airports. These standards are expected to be finalized in 2026 and widely applied from 2027, fostering EV infrastructure development and creating an attractive investment environment for EV manufacturers. VinFast rolled off the production line at its electric automobile and motorcycle manufacturing complex in the northern port city of Hai Phong with its one-millionth vehicle, a red Feliz II. This milestone signifies the company's production capacity and market penetration. Under its one-party system, Vietnam prioritizes economic growth and industrial development as key national objectives. The focus on the EV sector aligns with Vietnam's strategy to enhance its competitiveness in advanced technology and upgrade its economic structure. Furthermore, in the context of complex relations with China, diversifying supply chains and strengthening domestic industries are crucial for Vietnam's economic security. Information source: VietnamPlus English