Vietnam Extends 0% Registration Fee for EVs to 2030, Boosting VHM, VIC, VJC
This Aveluro analysis covers VHM (Vinhomes) in the Real Estate sector. The classified event type is regulation change, with positive sentiment and a deterministic market-impact score of 4.9/10. Aveluro classifies this story as a positive catalyst in the stock's news coverage. Source coverage came from Tuổi Trẻ - Kinh doanh, classified as a primary/top-tier source.
Key Facts
Caveat: Not investment advice. · How Aveluro computed this: Aveluro combines extracted event facts, source credibility, ticker context, and market data. Scores are deterministic research signals, not recommendations.
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Overview
The Vietnamese government has issued Decree 202/2026, extending the 0% first-time registration fee for battery electric vehicles (BEVs) until the end of 2030. The decree, effective from March 1, 2027, replaces the previous Decree 51/2025 and aims to promote EV adoption, reduce emissions, and support domestic manufacturing. This policy directly benefits Vinhomes (VHM), Vingroup (VIC), and Vietjet (VJC), which have significant exposure to the EV ecosystem.
Key Facts
- Decree 202/2026 was issued on June 8, 2026, and takes effect from March 1, 2027.
- The 0% first-time registration fee for battery electric vehicles is extended through December 31, 2030.
- The decree amends Decree 10/2022, specifically Article 8, Clause 5, Point c.
- The policy replaces the previous Decree 51/2025, which had set an earlier expiration.
- The Ministry of Finance states the policy aims to reduce environmental pollution, encourage production, and stimulate consumption.
- On June 8, 2026, VHM closed at VND 146,700 (-3.49%), VIC at VND 195,000 (-5.80%), and VJC at VND 176,800 (-4.23%).
What Happened
On June 8, 2026, the Vietnamese government promulgated Decree 202/2026, amending regulations on registration fees. The decree extends the 0% first-time registration fee for battery electric vehicles until December 31, 2030, effective from March 1, 2027. This replaces the previous Decree 51/2025, which had a shorter timeline.
The Ministry of Finance noted that the policy has achieved its initial goals, positively impacting consumers, manufacturers, distributors, and the environment. The global EV market has grown significantly by 2025, becoming a key part of the automotive industry.
Market Context
On the announcement date, VHM (HOSE) fell 3.49% to VND 146,700, VIC (HOSE) dropped 5.80% to VND 195,000, and VJC (HOSE) declined 4.23% to VND 176,800, reflecting broader market weakness rather than a negative reaction to the policy. The extension of EV incentives supports the long-term growth trajectory for Vietnam’s EV market, which is still in its early stages. Vingroup’s VinFast subsidiary is a major domestic EV manufacturer, while Vinhomes develops EV charging infrastructure in its residential projects, and Vietjet has explored electric aircraft.
Strategic Significance
The extension of the 0% registration fee through 2030 provides regulatory certainty for EV stakeholders, encouraging investment in production and charging infrastructure. For Vingroup (VIC), it supports VinFast’s domestic sales and brand building. Vinhomes (VHM) benefits from integrating EV charging stations into its properties, enhancing its smart-city value proposition. Vietjet (VJC) may see long-term benefits from potential electric aircraft adoption, though near-term impact is limited. The policy aligns with Vietnam’s net-zero emissions target and reduces the total cost of ownership for EV buyers.
What to Watch
- VinFast’s domestic sales data for Q2 2026 and Q3 2026 to gauge policy impact.
- Any further adjustments to EV import tariffs or other incentives.
- Vinhomes’ announcements on EV charging infrastructure expansion in new projects.
- Vietjet’s progress on electric aircraft trials or orders.
- Market share of BEVs in Vietnam’s total auto sales over the next 12 months.