Decree 360/2025/ND-CP, detailing several provisions of the Law on Special Consumption Tax, was issued by the government on December 31, 2025 and officially took effect on January 1, 2026. Previously, only PHEVs enjoyed this incentive, while HEV models were taxed at the same rate as conventional gasoline cars. Gasoline consumption of the hybrid version accounts for only about 48.6 percent of the conventional version, far exceeding the minimum requirement to qualify for the tax incentive. Its HEV version consumes 4.92 liters per 100 km, while the gasoline version with the same engine displacement consumes 7.2 liters per 100 km. The gasoline consumption ratio between the two versions is 68.3 percent.

Source: VietNamNet News January 10, 2026 02:06 UTC