Proposal to support all registration fees for Hanoi residents to buy e-motorbikes

July 24, 2025 | 17:30

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Vingroup has proposed free registration fees for VinFast e-motorbikes buyers for the next three months.

Proposal to support all registration fees for Hanoi residents to buy e-motorbikes

Vingroup sent the suggestion to Hanoi People's Committee on July 23 after the city announced plans to ban petrol-powered motorbikes in the central area from mid-2026.

Under the proposal, customers with registered residence or temporary residence in Hanoi would receive 100 per cent support for registration fees to buy VinFast e-motorbikes from July 24 to October 24.

Currently, the initial registration fee for e-motorbikes is 2 per cent.

In addition, buyers would enjoy a 10 per cent discount. They would be permitted to pay 10 per cent up front, with the remaining amount to be paid in instalments over three years, supported by Shinhan Finance or Lotte Finance. Free charging would also be available until May 2027.

Buyers of e-motorbikes priced at VND30 million ($1,200) would receive VND3.6 million ($144) in support from Vingroup under the plan.

On July 12, Prime Minister Pham Minh Chinh asked Hanoi to implement solutions to ban petrol-powered motorbikes from within Ring Road 1 from July 1, 2026. From the beginning of 2028, petrol- and diesel-powered personal cars would also be restricted in ring roads 1 and 2. By 2030, the roadmap would be expanded to Ring Road 3.

In addition to supporting e-motorbike buyers, Vingroup has proposed solutions for e-car buyers. The group and its partner banks would provide loans with an annual interest rate of 3 per cent over three years. For businesses, the preferential interest rate would be 4 per cent.

In 2022, two-wheeled vehicles were said to account for nearly 73 per cent of the travel needs of people in Hanoi. Numerous experts claim that banning petrol-powered motorbikes would have a big impact on the Vietnamese motorbike market and public life.

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By Nguyen Huong

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