The article, written by Victoria Fanggidae, Executive Director of The PRAKARSA Policy Research Center, and project coordinator Yuanda Pangi Harahap, says Vietnam has adopted a more comprehensive approach to developing its EV industry by maintaining long-term investment incentives, expanding industrial infrastructure, strengthening workforce training and building a high-tech manufacturing ecosystem. Stable and predictable policies, the authors note, have increased investor confidence in making long-term commitments.
The article also highlights Vietnam's broad package of incentives, including extended corporate income tax exemptions, import duty waivers for components and reduced land rental fees. Combined with efforts to develop domestic supply chains and human resources, these policies have helped local companies such as VinFast expand while attracting growing foreign direct investment into the EV sector and other high-tech industries.
