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Autos: Structural Shift Likely to Dampen Legacy Auto Players

Sector Insights

Autos: Structural Shift Likely to Dampen Legacy Auto Players

Vietnam has recently introduced several strict policies aimed at phasing out gasoline vehicles in Hanoi and HCMC over FY26-30. Over this period, ICE vehicles should steadily lose market share, with EVs emerging as the key growth driver; as such, we see risks for legacy auto players without EV plans.

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