Vietnam Extends 0% Registration Fee for EVs to 2030, Boosting VHM and VIC
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 CafeF - Thị trường chứng khoán, 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 December 31, 2030. The policy, effective March 1, 2027, replaces Decree 51/2025 and aims to promote green transportation and reduce emissions. This benefits listed companies involved in EV production, charging infrastructure, and real estate development, including Vinhomes (VHM), VinGroup (VIC), and others.
Key Facts
- Decree 202/2026 extends the 0% first-time registration fee for BEVs from March 1, 2027, to December 31, 2030.
- The previous exemption under Decree 51/2025 was set to expire in February 2027.
- The policy applies to battery electric vehicles as classified by the Ministry of Construction.
- Global EV sales exceeded 17 million units in 2024 (over 20% market share) and are expected to surpass 20 million in 2025 (over 25%).
- Affected tickers include VHM, VIC, VJC, VRE, and MSN, all with exposure to EV adoption or related sectors.
- VHM closed at VND 146,700 (-3.49%) on June 8, 2026; VIC at VND 195,000 (-5.80%); VJC at VND 176,800 (-4.23%); VRE at VND 29,600 (-5.13%).
What Happened
The Vietnamese government promulgated Decree 202/2026, amending Decree 10/2022 on registration fees. The new decree extends the 0% first-time registration fee for battery electric vehicles until the end of 2030, effective from March 1, 2027. This replaces Decree 51/2025, which had extended the exemption to February 2027.
The Ministry of Finance stated that the policy aims to reduce environmental pollution from vehicle emissions, encourage domestic EV production, and stimulate consumer adoption. The extension reflects the global trend toward clean energy vehicles and supports Vietnam’s green transportation goals.
Market Context
On June 8, 2026, VHM (HOSE) closed at VND 146,700, down 3.49%; VIC (HOSE) at VND 195,000, down 5.80%; VJC (HOSE) at VND 176,800, down 4.23%; and VRE (HOSE) at VND 29,600, down 5.13%. The broad market decline may reflect profit-taking or macro concerns, but the EV policy extension provides a positive catalyst for EV-related stocks. The policy supports VinGroup’s automotive (VinFast) and real estate (Vinhomes) segments, as well as retail (VRE) and consumer (MSN) sectors tied to EV adoption.
Strategic Significance
The extension of the 0% registration fee through 2030 removes a key cost barrier for EV buyers, sustaining demand for VinFast vehicles and supporting Vinhomes’ integrated township developments that include EV charging infrastructure. For VIC, the policy reinforces its EV-first strategy and could accelerate the transition from internal combustion engines. For VJC, the policy may boost demand for electric taxis or airport-related EV services. The long-term certainty allows companies to plan investments in charging networks and production capacity.
What to Watch
- VinFast’s monthly EV sales data and any production capacity announcements.
- Vinhomes’ progress in installing EV charging stations at its residential projects.
- Any further government incentives for EV manufacturing or battery production.
- Q2 2026 earnings reports from VIC, VHM, and VJC to gauge policy impact on revenue.
- Global EV market trends and potential trade policy changes affecting Vietnamese EV exports.