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Vietnam Auto, Motorbike and Bicycle Association Sets Ambitious 2027 and 2035 Environmental Goals

Strategic Insights

— 1 min read

The Vietnam Automobile, Motorcycle and Bicycle Association (VAMOBA) has outlined a new development vision, aiming to transform its members into environmentally friendly electric vehicle producers. By 2027, all VAMOBA members are expected to have at least one line of electric car products, and by 2035, 100% of cars and motorbikes produced by its members are to be environmentally friendly electric vehicles. The association also aims to become a leading prestigious association in the region, playing a bridge between the country and the world.

Key Takeaways:

  • VAMOBA aims to have all its members produce electric car products by 2027, with over 500 charging stations installed in big cities by the same year.
  • The association plans to have electric vehicles account for about 40% of total output by 2030, and 100% of environmentally friendly products by 2035.
  • VAMOBA aims to reduce CO2 emissions compared to 2020 levels by 2030, and target net zero emissions by 2050.
  • The association will focus on 5 pillars: digital ecosystems, AI applications, Big Data, IoT, and E-commerce; sustainable development through electric vehicles; improving international competitiveness; and promoting Made in Vietnam globally.
  • VAMOBA has over 230 members, including 30 enterprises producing and assembling two-wheelers, and over 200 spare parts enterprises, with an average output of nearly 400,000 motorbikes and 1 million bicycles per year.

Statistics:

  • VAMOBA has over 230 members, including 30 enterprises producing and assembling two-wheelers, and over 200 spare parts enterprises.
  • The association aims to install over 2,000 charging stations by 2027, supporting the development of sustainable electric cars.
  • Electric vehicles are expected to account for about 40% of total output by 2030, and 100% of environmentally friendly products by 2035.
  • VAMOBA aims to reduce CO2 emissions compared to 2020 levels by 2030.
  • The association targets net zero emissions by 2050.

Sources:

  • Vietnam Automobile, Motorcycle and Bicycle Association (VAMOBA)
  • Nguyen Dong Phong, Director of the Center for emissions testing (Vietnam Register Department, Ministry of Construction)
  • Phan Trang, Investor

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