Vietnam’s VinFast said on Wednesday it delivered more than 120,000 electric two-wheelers in the third quarter, marking a 73% increase from the previous quarter, following Hanoi’s announcement to ban petrol-powered motorbikes from the city centre starting in mid-2026.
The company’s third-quarter e-scooter and e-bike deliveries exceeded total sales from the first half of the year, bringing VinFast’s total sales for the first nine months of 2025 to 234,536 units, a nearly fivefold rise compared with the same period in 2024.
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The planned petrol motorbike ban is part of Hanoi’s broader efforts to reduce air pollution, with wider restrictions expected nationwide by 2028. The policy has raised concerns from the Japanese government and leading manufacturers, who cautioned that an abrupt transition could impact jobs and disrupt Vietnam’s $4.6 billion motorbike market, which is dominated by Honda (7267.T).
Industry groups have urged Vietnamese authorities to adopt a gradual electrification roadmap to allow sufficient time for adaptation. Vietnam remains one of the world’s largest motorbike markets, with nearly 80% of the population owning a two-wheeler.
See also: Japan Warns Vietnam Over Petrol Motorbike Ban, Citing Job Losses and Market Risks
VinFast also delivered 38,195 electric cars in the third quarter, bringing total nine-month car sales to 110,362 units. The company is targeting total EV deliveries of 200,000 vehicles in 2025.
Source: Reuters