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flag Hanoi’s 2026 fossil-fuel motorbike ban boosts EV sales, hurting Honda as VinFast gains market share.

flag Vietnam’s push to ban fossil-fuel motorbikes in Hanoi by 2026 and nationwide by 2028 is disrupting Honda’s market dominance, with sales dropping 22% in August and 13% year-on-year. flag A September survey found 54% of urban residents plan to buy electric motorbikes next, up from 24% for gasoline models, driven by government policies. flag While 80% of respondents own Hondas, only 32% would choose the brand again, favoring local EV maker VinFast, which delivered 71,000 electric bikes in 2024. flag The two-wheeler market, valued at $4.6 billion in 2025, is projected to reach $6 billion by 2030.

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