MTA Hanoi is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726

Proposed implementation of Vietnam automobile industry strategy


The Government Office dated 21/4/2022 has Document No. 2506/VPCP-CN communicating the opinion of Deputy Prime Minister Le Van Thanh on the proposed implementation of the Vietnam automobile industry strategy.

The Office of the Government said that on March 23, 2022, the Vietnam Automobile Manufacturers Association (VAMA) sent a letter to Deputy Prime Minister Le Van Thanh about the registration to meet with the leaders of the Government to present the proposed Vietnam Automobile Industry Strategy according to world trends and contribute to the implementation of Vietnam’s commitment at COP26.

Specifically on this issue, Deputy Prime Minister Le Van Thanh assigned the Ministry of Industry and Trade to meet and discuss the proposals and recommendations of the Vietnam Automobile Manufacturers Association for a synchronous solution to develop the Vietnamese automobile industry according to its assigned functions and tasks; report to the Prime Minister on issues beyond its competence.

Xây dựng một ngành công nghiệp ô tô của Việt Nam ngày một lớn mạnh và đóng góp ngày một đáng kể cho nền kinh tế.
Building an automobile industry of Vietnam is growing stronger and contributing significantly to the economy

With the desire to build an increasingly strong Vietnamese automotive industry and make a significant contribution to the economy, while also following the technological trends and the transformation of the automotive industry in the world, VAMA proposes to exchange the following contents: Development program of electric cars and the transition from gasoline, oil to electric vehicles, action program to implement the COP26 commitment; recommendations on difficulties in the process of implementing the provisions of the Law on Environmental Protection related to end-of-life products and recycling processes; propose policies to promote the market, expand the production of automobiles and auxiliary industries in the country.

In the past time, the Ministry of Industry and Trade has also maintained the view that promoting green development is an important strategic task to implement the goal of industrialization – modernization. Realizing Vietnam’s goal of producing and promoting the use of green and environmentally friendly vehicles requires appropriate policies as well as the role of economic instruments.

Including tax policy tools to promote the production and use of environmentally friendly products, especially in the automotive industry, there should be policies on excise duties for electric cars and environmentally friendly vehicles; import tax policies and other preferential and support policies for enterprises producing and exporting imports…

The development strategy of Vietnam’s automobile industry to 2025 with a vision to 2035 approved in the Prime Minister’s Decision No. 1168/QD-TTg dated July 16, 2014 has also clearly defined “Encourage the production of eco-friendly vehicles such as fuel-efficient vehicles, hybrids, biofuels vehicles, electric vehicles… meeting the requirements of emission standards according to the roadmap approved by the Prime Minister and “develop the automobile industry in sync with transport infrastructure development “.

Recently, in the Ministry of Industry and Trade’s Action Plan to implement Vietnam’s commitment at the COP26 Conference, the Ministry of Industry and Trade also focused on 3 main groups of tasks, including:

Firstly, the implementation of tasks and solutions to control greenhouse gas emissions in accordance with the 2020 Environmental Protection Law and relevant guiding documents to implement the Law, contributing to the successful implementation of the target of zero net emission reduction by 2050.

Secondly, develop tasks and solutions to implement the global commitment to convert coal power to clean energy, towards Vietnam’s target of zero net emissions by 2050.

Thirdly, develop a policy mechanism to encourage the development of electric cars.

In particular, the overall objective of the plan is to complete the policy mechanisms and implement the tasks and solutions to promote the reduction of greenhouse gas emissions for the whole Industry and Trade, strictly control the major sources of greenhouse gas emissions such as thermal power plants, energy-intensive industrial production facilities and greenhouse gas emissions such as steel, chemicals, paper, dyed textiles…

At the same time, the Ministry of Industry and Trade focused on developing tasks and solutions to implement Vietnam’s commitment to the conversion of coal power to clean energy and developing a project to establish a renewable energy center; gradually reducing the use of fossil energy to green and clean energy sources; at the same time developing a proposal to propose tasks, solutions, mechanisms and policies for the development of electric cars in Vietnam.

Source: Cong Thuong

Share this post

You may be interested in

Date: 13.10.2023 Time: 9:00 – 11:40 Venue: Seminar Room, at I.C.E, 91 Tran Hung Đao, Hoan...
Date: 12.10.2023 Time: 9:00 – 15:30 Venue: Seminar Room at International Exhibition Center...
The Application and Development of Artificial Intelligence Technology: Vietnam Faces Many Opportunities
Although the application level of artificial intelligence (AI) in Vietnam has not yet been...
Vietnam – Canada promote the application of artificial intelligence
Vietnam and Canada will collaborate on research, transfer, and application of artificial...
Building pillars to promote AI application 
In Vietnam, manufacturing, retail services, and transportation will be industries with great...
Vietnam robotic industry sees promising future
Demand for industrial robots coupled with the skills of Vietnamese technology firms are expected...
LG subsidiary gets approval for $1B Hai Phong plant expansion
LG Innotek factory in Hai Phong. Hai Phong City has green-lighted a proposal by LG Innotek, a...
2 Chinese companies consider investing 1 billion USD in battery factories in Vietnam
China is likely to lead the top investors in Vietnam if the production project is...
Large Japanese businesses seek to scale up production in Vietnam
Sojitz CEO Fujimoto Masayoshi said on May 19 at a meeting with Vietnamese Prime Minister Pham Minh...

Subscribe to Our eNewsletters

    Book a Stand
    Online Pre-Registration
    Group Delegation Programme