Vietnam eyes foreign investment to boost electric vehicle industry
Prime Minister Pham Minh Chinh wants Vietnam to attract major investors from all over the world to develop the electric vehicle industry, according to an official document issued by the Government’s Office on January 26.
Vinfast's electric vehicle production. (Photo: VNA)
Hanoi (VNA) – Prime Minister Pham Minh Chinhwants V😼🐻ietnam to attract major investors from all over the world to develop theelectric vehicle industry, according to an official document issued by theGovernment’s Office on January 26.
The issuance came following a proposal from Vietnamese carmakerTMT Motors to the PM outlining a number of recommended solutions to drawglobal investors’ attention into the emerging sector and make Vietnam anexporter of electric vehicles over the next five years.
In the document, PM Chinh assigns the Minister of Industryand Trade to discuss the proposal with the TMT Motors to come up with acomprehensive set of measures to develop the industry and advise the PM on theissue./.
Electric vehicles have high development potential in Vietnam amid the growing trend of using green and clean energy, heard an online conference held by Green Innovation and Development Centre (GreenID) and the Giao thong (Transport) newspaper on December 21.
Automaker VinFast on January 4 announced it will receive pre-orders for its electric SUV models VF e35 and VF e36 in Vietnam and the US during the VinFast Global EV Day within the framework of the technology exhibition CES 2022 in Las Vegas, the US.
Vietnamese automaker VinFast announced on January 6 to stop producing internal combustion engine (ICE) cars and switch to all-electric vehicle production from the end of 2022 at the Consumer Electronics Show CES 2022 in Las Vegas, the US.
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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.
Vinfast's electric vehicle production. (Photo: VNA)
