# Vietnam electric vehicle market expansion

> Live situation record from CLSTR: https://clstr.news/situations/vietnam-electric-vehicle-market-expansion
> Updated: 2026-09-04T11:15:30.000Z. Sources: 14. Developments: 2.

Vietnam is seeing significant growth in its electric vehicle sector. In the consumer market, electric motorcycle sales increased by over 97% in the first seven months of 2026 compared to the previous year, with VinFast holding approximately 60% of that segment. This growth has resulted in electric motorcycles accounting for roughly 27.6% of the total motorcycle market share.

Beyond consumer motorcycles, the transition to electric power is expanding into heavy-duty transport. Following a launch in April 2026, Hưng Thịnh EV Truck has delivered 250 SANY electric tractor units to businesses, with a goal of reaching 500 operational units nationwide by the end of 2026 to serve logistics hubs in provinces including Hanoi, Hai Phong, and Ho Chi Minh City.

## Timeline

### 2026-09-04: Vietnam trade turnover nears 1,000 billion USD milestone

Vietnam's trade turnover reached 770 billion USD in the first eight months of 2026, driven by strong growth in agricultural and seafood exports, nearing a historic 1,000 billion USD milestone.

10 sources. https://clstr.news/cluster/vietnam-electric-vehicle-market-sees-rapid-growth-in-motorcycles-and-heavy-trucks

### 2026-08-28: Vietnam trade trends: Rice, pepper, and electric vehicle growth

Vietnam's economy shows mixed export trends: rice faces market shifts in the Philippines, pepper exports rise despite supply chain hurdles, and electric motorcycle sales are surging domestically.

8 sources. https://clstr.news/cluster/vietnam-agricultural-exports-see-durian-surge-and-rice-price-recovery

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Cite as: Vietnam electric vehicle market expansion. CLSTR, https://clstr.news/situations/vietnam-electric-vehicle-market-expansion