Vietnam Secondary Battery Market Size, Share, Trends and Forecast by Type, Application, Industry Vertical, and Region, 2025-2033

Vietnam Secondary Battery Market Overview:

The Vietnam secondary battery market size reached USD 511.44 Million in 2024. The market is projected to reach USD 1,060.47 Million by 2033, exhibiting a growth rate (CAGR) of 8.44% during 2025-2033. The market is driven by rapid electric vehicle adoption and manufacturing expansion, renewable energy integration and battery storage development, and domestic battery manufacturing capacity growth. In addition to this, the growing significance of technological innovations in battery chemistry and supportive government policies are expanding the Vietnam secondary battery market share.

Vietnam Secondary Battery Market Trends:

Expansion of Renewable Energy Storage Solutions

Vietnam’s growing focus upon renewable energy creates a strong demand for more advanced secondary battery solutions. For stable electricity delivery as well as balanced supply fluctuations, efficient energy storage systems are necessary since solar and wind power projects expand across the country. Rechargeable lithium-ion batteries, notably, improve grid reliability and lessen energy wastage. They do also play a major role by storing excess energy that is made during peak times and then releasing energy when production then falls. Government initiatives for increasing renewable energy's national share are driving investments in large-scale battery storage infrastructure. Technology transfer along with capacity expansion are further supported by partnerships between local firms and global battery manufacturers. Additionally, smart grids develop, energy systems distribute, coupled with increase secondary batteries' adoption in residential, commercial, and industrial applications. This trend betters energy efficiency and also lessens carbon emissions. This trend is strengthening Vietnam’s energy security as well. Renewable capacity does continue to grow, and demand for high-performance plus cost-effective storage solutions shall rise, which then allows battery producers important opportunities while positioning the secondary battery industry as a key enabler within Vietnam’s clean energy transition.

Technological Advancements and R&D Investments

Technological innovation greatly increases Vietnam’s secondary battery market with increasing research and development activities. Higher energy density, improved safety features, and faster charging capabilities are expanding applications from consumer electronics to electric mobility with energy storage systems because battery chemistry continuously improves. Domestic companies as well as international companies do invest a lot in battery research centers and in pilot production lines because they do aim for the improvement of battery performance and for reduction of production costs. Universities together with research institutions partner with each other. These collaborations nurture regional knowledge and then also promote creativity for future battery systems. Recycling's emergence and second-life battery solutions are also shaping market dynamics through improved sustainability plus lessened raw material dependency. Also, the government backs high-tech manufacturing, as well as encourages R&D work, so it can draw in foreign investment for speeding up how advanced battery technologies get sold. These advancements do make production quite more efficient and do also allow local manufacturers just to better compete within the global market. Vietnam thus strengthens its own position inside the worldwide secondary battery value chain. This strengthening drives forward industrial growth as it also expands export potential then it expands the long-term market.

Rising EV Adoption Boosts Market Growth

The Vietnam secondary battery market growth is strongly driven by the rapid adoption of electric vehicles (EVs) and the country’s strategic push toward sustainable transportation. Government policies promoting EV production and usage, coupled with tax incentives and infrastructure development, are significantly increasing battery demand. Rising fuel costs and growing environmental concerns are encouraging consumers and businesses to shift from conventional vehicles to electric alternatives, fueling the need for efficient and durable secondary batteries. Domestic manufacturers are investing in lithium-ion battery production to meet this surging demand, while foreign companies are establishing local facilities to expand supply capacity. Additionally, advances in battery technology are improving energy density, charging speed, and lifespan, making secondary batteries more reliable for EV applications. With Vietnam aiming to reduce carbon emissions and strengthen its renewable energy ecosystem, secondary batteries are becoming essential for both transportation and energy storage solutions. The expanding EV market, combined with strong policy support and technological innovation, is expected to accelerate industry growth, attract foreign investment, and position Vietnam as a key player in the regional battery manufacturing landscape.

Vietnam Secondary Battery Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional level for 2025-2033. Our report has categorized the market based on type, application, and industry vertical.

Type Insights:

• Lead-acid
• Lithium-Ion (Li-ion)
• Nickel Metal Hydride
• Others

The report has provided a detailed breakup and analysis of the market based on the type. This includes lead-acid, lithium-Ion (Li-ion), nickel metal hydride, and others.

Application Insights:

• Electronics
• Motor Vehicles
• Industrial Batteries
• Portables Devices
• Others

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes electronics, motor vehicles, industrial batteries, portables devices, and others.

Industry Vertical Insights:

• Chemical and Petrochemical
• Oil and Gas
• Energy and Power
• Automotive
• Others

The report has provided a detailed breakup and analysis of the market based on the industry vertical. This includes chemical and petrochemical, oil and gas, energy and power, automotive, and others.

Regional Insights:

• Northern Vietnam
• Central Vietnam
• Southern Vietnam

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Vietnam, Central Vietnam, and Southern Vietnam.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Vietnam Secondary Battery Market News:

• September 2025: VinFast launched three dual-battery electric scooters Vero X, Feliz, and Feliz Lite in Vietnam, featuring removable secondary batteries. This expansion strengthened adoption of lithium iron phosphate batteries, enhancing riding range, affordability, and convenience, positively influencing the growth of the Vietnam secondary battery market.
• August 2025: Fluence inaugurated a 35 GWh battery energy storage production facility in Bac Giang, Vietnam, enhancing its secondary battery manufacturing capabilities. The automated plant supports grid-scale energy solutions, addresses rising global demand, and strengthens Vietnam’s position in the secondary battery market.

Vietnam Secondary Battery Market Report Coverage:

Key Questions Answered in This Report:

• How has the Vietnam secondary battery market performed so far and how will it perform in the coming years?
• What is the breakup of the Vietnam secondary battery market on the basis of type?
• What is the breakup of the Vietnam secondary battery market on the basis of application?
• What is the breakup of the Vietnam secondary battery market on the basis of industry vertical?
• What is the breakup of the Vietnam secondary battery market on the basis of region?
• What are the various stages in the value chain of the Vietnam secondary battery market? 
• What are the key driving factors and challenges in the Vietnam secondary battery market?
• What is the structure of the Vietnam secondary battery market and who are the key players?
• What is the degree of competition in the Vietnam secondary battery market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Vietnam secondary battery market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Vietnam secondary battery market.
• Porter's Five Forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Vietnam secondary battery industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.