Tesla registers local entity in Vietnam to target Southeast Asia's largest EV market

Tesla registered Tesla Motors Vietnam this month, laying groundwork to enter a market where VinFast holds 92% of EV sales. Vietnam became Southeast Asia's largest EV market in 2025 as sales doubled and EVs reached almost 40% of new car sales. No timeline for market entry has been announced.

• VinFast holds 92% of Vietnam's EV market and operates over 150,000 charging ports
• Vietnam EV sales rose 89% year over year in the second quarter of 2026
• VinFast sold more than 154,000 vehicles in Vietnam in the first eight months of 2026
• Analysts expect Tesla to start with Model 3 and Model Y in the premium segment