Opportunities from Vietnam’s Green Policy for Electric Vehicle Manufacturers

Vietnam is vigorously promoting green industrial development policy
The Vietnamese government clearly identifies the green development strategy as a core focus in the process of industrialization and modernization. In that, the electric vehicle industry is considered a spearhead contributing to reducing greenhouse gas emissions, protecting the environment, and enabling sustainable energy transition.

National strategy and international commitments driving policy momentum
Vietnam has committed to achieving “net-zero” emissions by 2050 at COP26. To fulfil this goal, a series of incentive policies have been and are being implemented, focusing on encouraging investment in renewable energy sectors, green manufacturing, and environmentally friendly transport.

The electric vehicle consumer market in Vietnam is expanding
Beyond policy factors, the Vietnamese market also shows positive signals for the electric vehicle sector. Consumers are increasingly interested in green vehicles, especially in the context of volatile fuel prices and worsening environmental pollution.

Manufacturing investment in electric vehicles in Vietnam: Seizing the opportunity from legal preparation
Although the opportunity is very large, investing in the manufacturing industry—especially a high-tech sector like electric vehicles—requires careful preparation in terms of legal framework and operational strategy.

Investment procedures: Legal corridor increasingly complete but many challenges remain
Obtaining the Investment Registration Certificate (IRC), Enterprise Registration Certificate (ERC), and permits for construction, environment, fire safety, etc., are mandatory steps for all manufacturing investors in Vietnam.

Operational strategy and intellectual property protection: Lifesaving factors for new brands
Due to the characteristic of this being a high-technology industry, manufacturers of electric vehicles need to pay attention to registering protection of intellectual property, including patents, trademarks, industrial design, and control software.

Optimizing tax strategy and risk control during operational phase
Understanding and properly leveraging preferential tax policies such as corporate income tax reductions, import duty incentives for equipment, or VAT refund in exports are key to optimizing cash flow.

Vietnam is on track to become a regional electric vehicle manufacturing hub
From VinFast to international groups like Foxconn, BYD, Hyundai… many large investors have chosen Vietnam as a location to manufacture or assemble electric vehicles for both domestic and export markets.

Are you considering investing in the electric vehicle manufacturing sector in Vietnam?
Let DEDICA accompany you from the very first steps with services in investment consulting, environmental legal counsel, intellectual property registration and tax strategy.

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