HANOI -- Despite Vietnam's ambitious plans to expand its electric vehicle market with tax incentives, overseas automakers remain reluctant to make forays in light of the struggles by domestic peer VinFast.
Automobiles
Vietnam's EV push fails to bring automakers aboard as sales falter
VinFast's lackluster performance discourages foreign rivals from entering market
VinFast, Vietnam's sole homegrown manufacturer of electric vehicles, sold about 2,200 units of EVs in its own country in the first eight months of this year. © Reuters
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