Vietnam needs US$14bil for EV charging stations

Rapid growth: A Vinfast electric car on a street in Hanoi. To further promote the EV industry, the Vietnamese government needs to implement favourable and clear policies that encourage private sector involvement. — AFP

HANOI: To build a green transport system, Vietnam will need nearly US$14bil to develop a network of charging stations, said insiders.

This is expected to help reduce greenhouse gas emissions and create great tremendous opportunities for the electric vehicle (EV) market.