Vietnam’s auto industry is on the brink of a major transformation as excise tax reductions set to take effect in 2026 are expected to significantly cut the cost of hybrid vehicles, driving new investment and propelling rapid market expansion.

Mercedes-Benz Vietnam (MBV), a subsidiary of the Germany-based Mercedes-Benz Group AG, will introduce three all-electric car models in Vietnam in 2023, said MBV General Director Brad Kelly at a press conference in Ho Chi Minh City on May 9.

VOV.VN - From March this year consumers will be able to make reservations to purchase Vinfast’s high-quality electric SUV models, including VF6 and VF7, both of which debuted in 2022.

VinFast – the global electric vehicle (EV) maker from Vietnam – has announced it is hosting the VinFast California Roadshow until March 6, aiming to promote its electric SUV models VF 8 and VF 9 in the US market.

The Vietnam Motorkhana Championship 2021, the first-ever international-standard professional sport car race in Vietnam, opened in Hanoi on January 15.

Vietnamese automaker VinFast announced on December 8 that it will hand over the first smart electric model VF e34 to clients on December 25.