HANOI, April 16 (Xinhua) -- Vietnam's Ministry of Finance has proposed extending the registration fee exemption for battery electric cars through the end of 2030, local daily Dan Tri reported Thursday.

Under the proposal, the zero percent registration fee for first-time registration of battery electric cars should be extended from March 1, 2027, to Dec. 31, 2030.

The ministry said the policy is expected to accelerate the development of Vietnam's electric vehicle industry, which will help reduce greenhouse gas emissions and support the country's green transition.

Vietnam previously approved the exemption for battery electric cars in 2022 and later extended the incentive in 2025 until Feb. 28, 2027.