Honda Faces Growing Pressure in Vietnam as EV Policies Boost VinFast’s Market Momentum
Honda’s long-held dominance in Vietnam’s motorbike market is facing a serious challenge as the government pushes forward with aggressive plans to phase out petrol-powered bikes in favour of electric vehicles — a move that could dramatically reshape the country’s $4.6 billion two-wheeler industry and strengthen homegrown EV producer VinFast. In a directive issued in…
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