As per the roadmap outlined in Directive 20/CT-TTg, from July 1, 2026, Hanoi will begin banning gasoline-powered motorbikes within Ring Road 1, gradually expanding to Ring Road 2 in 2028 and Ring Road 3 by 2030.
Ho Chi Minh City is also accelerating its transition, aiming to replace 400,000 gasoline-powered motorbikes of ride-hailing drivers with electric vehicles between 2026 and 2029. Notably, from January 1, 2026, ride-hailing drivers using gasoline-powered vehicles will not be allowed to register on ride-hailing and delivery platforms.
With the deadline for the vehicle transition approaching, a range of supportive policies have been introduced, including tax exemptions, preferential loans, and incentives for each electric trip completed. Against this backdrop, consumers are increasingly interested in affordable electric motorbike models with low operating costs that suit their daily commuting needs.
With a budget of just VND 16-26 million – equivalent to a common Honda Wave motorbike – consumers can now choose from a variety of new electric motorbike models on the market. This is a reasonable solution not only for students and urban workers but also for ride-hailing drivers who need to switch to electric vehicles as per the city’s directive.
“Bình Dương Offers Investors a ‘Zero-Dollar’ Fee Policy for Social Housing Construction”
To attract investment in social housing development, Binh Duong offers complete legal support with zero-cost paperwork and 50% funding for technical infrastructure within the project’s scope.
The 26 Locales Affected by Storm No. 3: Tax Breaks and Exemptions Timeline for Individuals and Businesses
Recently, the General Department of Taxation issued Official Letter No. 4062/TCT-CS, requesting the provincial/municipal Departments of Taxation where organizations, individuals, and businesses affected by Typhoon No. 3 and the subsequent floods to take necessary actions.
The Storm’s Silver Lining: Hanoi Waives Taxes for Those Affected by Typhoon Yagi
The Hanoi Tax Department has announced tax extension, exemption, and reduction policies for businesses and taxpayers affected by Storm Yagi.
The Taxman’s Generous Gesture: Forgoing, Deferring Almost 90,000 Billion in Taxes
The Ministry of Finance estimates that tax exemptions, reductions, and extensions amounted to a staggering 89.8 thousand billion VND by the end of August. This figure underscores the significant financial relief provided to taxpayers during this period.
The Challenges of Social Housing: Navigating the Loan Landscape
Despite the widespread implementation of favorable loan policies for social housing purchases, low-income individuals still face significant challenges in accessing these opportunities.
