Tesla eyes a slice of Vietnam's booming EV market, but competition is fierce

Tuoi Tre News3 November 2026, 12:14 UTCVietnam

U.S. electric vehicle maker Tesla is stepping up recruitment in Vietnam after establishing a company in Ho Chi Minh City, signaling plans to enter Southeast Asia’s largest EV market, where domestic rival VinFast holds a commanding 92-percent market share.

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