Vietnamese electric vehicles are the number 1 choice
With a strong commitment to green transformation and rapid changes in people's awareness, Vietnam is becoming a "lucrative" electric car consumption market that many brands are aiming for. Besides the Vietnamese pure electric car manufacturer VinFast, there are more and more new car models appearing on the market from European, Korean or new brands from China.
Although consumers have many choices, most Vietnamese users are prioritizing domestic car brands with a product range that is more equipped and convenient than competitors in the same segment, accompanied by reasonable prices, preferential policies, good after-sales service and a wide charging station infrastructure.
Mr. Vu Duc Viet (Hanoi) has just completed the purchase of a VF 6S when he received a discount of 95 million VND from the company. Mr. Viet used the yellow plate to run the service for a while because according to his calculations, with the free charging policy until July 2025 and free parking at parking lots in the Vingroup ecosystem, he earns an average of 1-1.5 million VND per day.
“There are days when I go out on the road and drive for only 100,000 VND for iced tea, breakfast, and lunch. It's a great deal for a service driver,” Viet shared, adding that in addition to the economic benefits, he wants to support Vietnamese brands. Moreover, by using a VinFast car, he can easily use the available charging station infrastructure system, instead of only being able to charge at dealerships or private charging stations at expensive costs. Currently, the charging station for VinFast electric cars is very convenient and comfortable for him to travel and pick up and drop off customers all over Hanoi.
Not only individual customers, more and more businesses are also considering electric vehicles as a priority choice. At the meeting between VinFast - GSM - FGF and more than 50 passenger transport businesses in Vietnam held on September 30, 2024, Mr. Ho Chuong - General Director of Son Nam International Transport Company Limited - recounted a recent story, the company signed a contract to buy gasoline-powered cars from Toyota but then was willing to cancel, lose the deposit to switch to using VinFast electric cars.
He calculated that a Toyota Vios operating in the city consumes up to 1,750 VND/km. Meanwhile, with VinFast electric cars, the average cost is only about 600 VND/km, meaning that, in terms of energy costs alone, electric cars are 60% more economical than gasoline cars.
In addition, Mr. Chuong said that switching to electric vehicles is also in line with the Government's orientation on developing green and clean public transport.
Join hands for sustainable development
Pioneering in the green transformation in the transport industry, Vingroup has been making a big splash. Also in the meeting with transport businesses, Vingroup Chairman Pham Nhat Vuong said that he really wants to accompany and be a partner of businesses to develop together, bringing common benefits.
He emphasized two major goals: One is to build a future for our children, so that future generations have a greener, cleaner, and safer living environment. Two is to have a Vietnamese brand of international stature. “VinFast may be the first brand, but from that inspiration, we will have dozens, hundreds of other brands. That will also be the pride and future of our children,” said the Chairman of Vingroup.
Compared to other car manufacturers on the market, only VinFast, part of the Vingroup ecosystem, is willing to devote all resources to bringing consumers green products at affordable prices. In addition to products, VinFast and its partners are stepping up investment and developing an ecosystem for electric vehicles, creating maximum convenience for users.
For example, recently, V-Green Global Charging Station Development Joint Stock Company - a company founded by the founder of VinFast, announced the implementation of a franchise charging station model, bringing opportunities to participate in the charging station business for all premises owners nationwide. The model is not only expected to help quickly cover charging stations across the country but also help open up a new potential business line in the future.
From a macro perspective, Dr. Tran Dinh Thien - former Director of the Institute of Vietnam Economics - said that what Vingroup and VinFast are doing today is merging into the common good, aiming towards a national commitment, not just prioritizing VinFast. “A green future is a social value. VinFast alone cannot do it. It cannot be done alone. So it needs the support of the State, the companionship of consumers, and the business community.
When we act together, challenges will turn into opportunities and benefits. But if we do not join hands, no business will benefit and challenges will appear" - Dr. Tran Dinh Thien called for support for pioneering businesses like VinFast.
However, Dr. Thien does not only look at the competition at home, he believes that if the State identifies electric vehicles as something the country must do, as a brand and solution for the future of Vietnam, then measures must have breakthrough changes so that Vietnamese electric vehicles can compete in the international market.
“From an economic perspective, support policies must be stronger, such as guarantees and loans, because the larger the capital, the more competitive the cost scale. The government can also guarantee, even commit to this being a national brand and mission to be able to provide additional support in many aspects such as interest rates, terms, taxes, etc. All of these things need to be understood as supporting a Vietnamese product to compete in the international market, bringing national benefits, to Vietnamese society, a green and clean country. Making such a declaration of support is not at all contrary to the market economy. I believe that the world also supports it,” said Dr. Thien.
