Chinese EVs give VinFast a run for its money in Vietnam

BYD, Haima dive in as the fast-growing, motorbike-mad nation goes electric

20240515 BYD and Vinfast

Chinese EV makers like BYD have their eye on Vietnam, the home turf of VinFast. (Source photos by Getty Images and Reuters)

LIEN HOANG, Nikkei staff writer

HO CHI MINH CITY -- Electric vehicles from China are zooming over the border to Vietnam, the home of VinFast, as low-cost EV makers aim to replicate the rapid penetration they achieved in markets from Thailand to Brazil.

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