Hanoi accelerates the transition to electric taxis
According to data from the Hanoi Department of Construction, 14,375 taxis are being managed with badges, of which up to 8,992 vehicles have converted to electric vehicles, accounting for about 60%. There are about 13,600 vehicles waiting for replacement and the total number of vehicles that need to be converted by 2030 is 27,975 vehicles.
According to Mr. Nguyen Quang Huy - Deputy Head of Transport Management Department, Hanoi Department of Construction, implementing Plan 774 of Hanoi City People's Committee related to the taxi conversion roadmap, the Department of Construction has chaired and coordinated with the Hanoi Taxi Association as well as taxi business units, 65 taxi business units in the city, have met and implemented according to the roadmap of the City People's Committee, ensuring the goal that by the end of 2030, all Hanoi taxis will switch to electric vehicles and environmentally friendly energy.
This conversion also ensures harmony of interests between the State, businesses and people with a number of solutions. The first solution is that we are advising the City People's Council to develop a resolution on converting fossil fuel vehicles to clean energy.
In that resolution, there are also many solutions to support business units, including solutions on loan interest support, interest rates, and then support for charging station business units. The second is also preferential parking fees for electric vehicles. The third is the synchronous development of charging stations according to the planning of the capital and traffic in general" - Mr. Nguyen Quang Huy shared.
Gradually master core technologies such as engines and batteries
According to Mr. Pham Van Quan - Deputy Director of the Department of Industry - Ministry of Industry and Trade, reported data, by 2025 shows that VinFast's localization rate has reached about 60%. In the near future, if the battery factory in Ha Tinh is completed and put into operation, this rate may increase to about 80%. Meanwhile, a reality can be seen that some FDI enterprises in the automobile sector, although operating in Vietnam for more than 30 years, the localization rate has not yet reached the committed level of 40%, even many new car lines have only reached about 10-15%.
For the field of storage batteries, VinFast is currently also implementing new investment projects, with the expectation that in the coming periods it can increase the localization rate to 80–90%. In fact, depending on each product, the localization rate may vary: some products reach 80–90%, but some products are only at about 40%. The main reason is that domestic production costs are still high compared to imports, or businesses need to diversify supply sources.
However, according to Mr. Quan, regarding technological capacity, it can be affirmed that Vietnam has gradually mastered core technologies such as engines and batteries - the most important components of electric vehicles.
Increasing the localization rate is also a major goal identified by the Party and the State. The current reality shows that the economy is still significantly dependent on the FDI sector. In the two-digit growth orientation, the Resolution of the 14th Party Congress has proposed specific solutions, in which it emphasizes the selection and development of nuclear enterprises, which play a leading role in the supply chain.
Regarding policies, the Ministry of Industry and Trade has implemented many solutions to promote supporting industries. Decree No. 111/2015/ND-CP on developing supporting industries has been amended and supplemented in Decree No. 205/2025/ND-CP. However, in the new context, many contents have revealed outdatedness and need to be further updated, especially for new fields such as electric vehicles, storage batteries and renewable energy.
Notably, technologies related to renewable energy and storage batteries have been identified by the Politburo as strategic technologies that need to be prioritized for development in the coming period. On that basis, preferential policies are also being completed in the direction of promoting the formation and development of domestic supply chains.
One of the notable criteria is that FDI enterprises wishing to enjoy incentives in the supporting industry sector must have the participation of at least one Vietnamese enterprise in the supply chain. At the same time, products entitled to incentives must have a certain scientific and technological content, instead of just stopping at simple assembly.
Currently, preferential policies in the supporting industry sector are considered one of the policies with the highest level of support for manufacturing enterprises. This is an important opportunity for Vietnamese enterprises to participate more deeply in the supply chain of the electric vehicle industry.
