Business

Vietnam extends EV registration fee exemption to support green transition

The Ministry of Finance (MoF) said the policy is designed to encourage the shift towards cleaner transportation, reduce emissions from road traffic and create favourable conditions for investment in electric vehicle production and distribution.

Battery electric vehicles will continue to enjoy exemption on the first-time registration fee through the end of 2030. (Photo: VNA)
Battery electric vehicles will continue to enjoy exemption on the first-time registration fee through the end of 2030. (Photo: VNA)

Hanoi (VNA) – Vietnam has extended its 0% first-time registration fee for battery electric vehicles (EVs) through the end of 2030, reinforcing efforts to accelerate green transport adoption and support the country’s environmental objectives.

Under Decree No. 202/2026/ND-CP, issued on June 8, battery EVs will continue to be exempt from first-time registration fees from March 1, 2027 to December 31, 2030. The new regulation replaces Decree No. 51/2025/ND-CP, which had extended the incentive until February 2027.

The Ministry of Finance (MoF) said the policy is designed to encourage the shift towards cleaner transportation, reduce emissions from road traffic and create favourable conditions for investment in electric vehicle production and distribution.

Since its introduction under Decree No. 10/2022/ND-CP, the registration fee incentive has played a significant role in supporting the domestic EV market. Battery-powered vehicles were granted a full exemption from first-time registration fees for three years beginning March 2022, followed by a preferential rate equal to 50% of that applied to petrol and diesel vehicles of the same seating capacity.

According to the ministry, the policy has delivered positive results, helping expand consumer access to EVs, supporting manufacturers and distributors, and contributing to environmental protection efforts.

The extension comes as the global electric vehicle market continues to expand rapidly. Worldwide EV sales surpassed 17 million units in 2024 and are expected to exceed 20 million this year, accounting for more than a quarter of total vehicle sales globally.

Against this backdrop, many countries are stepping up measures to reduce dependence on fossil fuel-powered vehicles and promote cleaner transport options. Registration fee incentives have emerged as a widely used tool to lower upfront costs and encourage consumers to switch to electric mobility.

The Ministry of Finance said the latest decree is expected to further stimulate EV adoption, strengthen the development of Vietnam’s electric vehicle industry and support the country’s broader strategy of promoting green, low-emission transportation./.

​

VNA
#Chuyển đổi xanh - Kinh tế tuần hoàn #CDX #EV #green transition #electric vehicles
Follow VietnamPlus

Green transition

Related News

Electric vehicle charging stations and battery-swapping kiosks are becoming increasingly common across streets, parking areas and residential neighbourhoods in Hanoi. (Photo: VNA)

North – South Expressway expands EV charging infrastructure

ccording to the Department for Roads of Vietnam, the Vietnam National Petroleum Group (Petrolimex) is investing in nine rest stops. At the Mai Son–National Highway 45 rest area, 10 charging points have been installed on each side of the expressway. Each point has two charging ports, providing 20 EV charging spaces on each side.

The VinFast electric vehicle charging station at the CT1 apartment complex of 103 Hospital in Hanoi. (Photo: VNA)

Vietnam accelerates drive to master EV technologies

By the end of 2025, Vietnam had established 28 standards and technical regulations related to charging stations, charging equipment and batteries. The legal framework is expected to be fully completed in the third quarter of 2026.

See more

Deputy Prime Minister Nguyen Van Thang speaks at the event. (Photo: baochinhphu.vn)

Deputy PM calls for integrated ASEAN fintech ecosystem

Deputy PM Nguyen Van Thang proposed a shared vision for an ASEAN fintech ecosystem that is open, secure, transparent, inclusive, and sustainable: “Open” to foster connectivity, “Secure” to enable growth, “Transparent” to build trust, “Inclusive” to ensure that no one is left behind, and “Sustainable” to strengthen resilience and support long-term progress.

Vice Chairperson of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) Xian Hui (left) meets with Secretary of Phu Tho provincial Party Commitee Pham Dai Duong on comprehensive cooperation (Photo: VNA)

Phu Tho expands cooperation with Chinese localities

A high-level delegation of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), led by its Vice Chairperson Xian Hui, visited the production facility of BYD Vietnam Co., Ltd. at Phu Ha Industrial Park and held a working session with leaders of Phu Tho province on June 9.

Financial buildings in downtown Ho Chi Minh City along the Saigon River. (Photo: VNA)

Robust dispute resolution framework key to Vietnam’s IFC ambitions

The development strategy for VIFC-HCMC envisions a comprehensive financial ecosystem encompassing green finance, carbon credits, financial technology (fintech), blockchain technology, digital assets, digital banking and other innovative business models. These highly internationalised sectors involve complex cross-border transactions and sophisticated legal structures.

A step in the semiconductor chip manufacturing process. (Photo: VNA)

LG to build first semiconductor substrate plant in Vietnam

LG Innotek, an affiliate of the Republic of Korea's LG Group, has announced a plan to build its first semiconductor substrate plant in Vietnam, marking a significant step in expanding its production capacity and strengthening its semiconductor packaging solutions business.

Minister of Industry and Trade Le Manh Hung, President and Chief Executive Officer of Murphy Oil Eric M. Hambly, and delegates at their meeting on June 8 in Hanoi. (Photo: moit.gov.vn)

Murphy Oil urged to expand investment in Vietnam

Murphy Oil has operated in Vietnam since 2012 and currently participates in and operates many important oil and gas contracts at projects such as Lac Da Vang and Hai Su Vang, which are expected to contribute additional oil and gas supplies, strengthen energy security and support Vietnam’s economic development.

Deputy Prime Minister Nguyen Van Thang (R) receives Krishna Srinivasan, Director of the Asia and Pacific Department at the International Monetary Fund (IMF), in Hanoi on June 8. (Photo: VNA)

Deputy PM receives IMF Asia-Pacific Director

Director of the Asia and Pacific Department at the International Monetary Fund (IMF) Krisha Srinivasan affirmed that the IMF will continue to accompany and support Vietnam in the development of its financial sector, thereby helping to strengthen resilience and promote sustainable growth in the years ahead.

An article on Vietnam's e-commerce boom on Le Monde (Photo: VNA)

Digital economy fuels new growth momentum in Vietnam: French daily

French daily Le Monde recently reported that Vietnam’s e-commerce revenue approached 26 billion EUR (29.6 billion USD) in 2025, jumping 25% from a year earlier on the heels of a 20% gain in 2024. The sector now commands roughly 11% of total retail sales, cementing Vietnam’s status as one of Southeast Asia’s most dynamic markets.

Vietnam Airlines Group offers nearly 2.2 million discounted domestic seats from now until August 16 to meet peak summer travel demand. (Photo: VNA)

Vietnam Airlines Group offers nearly 2.2 million discounted domestic seats

Vietnam Airlines Group, comprising Vietnam Airlines, Pacific Airlines and Vietnam Air Services Company (VASCO), will provide nearly 5.5 million seats on domestic routes from now until August 16 to meet peak summer travel demand, including around 2.2 million seats offered at promotional fares on various routes.

A pepper farm in Gia Lai province (Photo: VNA)

Vietnam’s pepper exports jump 21.7% in volume in five months

May shipments, however, totaled 25,180 tonnes worth 166.2 million USD, down 18.9% by volume and 13.9% by value from April, and 4.8% lower in volume from a year earlier. Major exporters reported declining shipments, underscoring a sector-wide pullback.

Representatives of Vietrade and TFO Canada discuss a new cooperation project for 2026–2030. (Photo: VNA)

Vietnam, TFO Canada move towards strategic trade partnership

Director General of Vietrade Vu Ba Phu said the success of cooperation during 2021–2024 had laid a solid foundation for elevating bilateral ties in the new phase, with Vietrade now serving as TFO Canada’s strategic partner in Vietnam.