After the successful first year of competition, the RFSpeed Racing   returned for the second time with a strong response from students, especially those with passion for technology. The contest was organized by the Faculty of Vehicle and Energy Engineering, HCMUTE with the hope to bring a healthy playground for students from universities and colleges in Ho Chi Minh city. This was also an opportunity for candidates from each team to exchange, learn, and demonstrate their abilities and knowledge that they have cultivated during their study at the University.

Experiencing intense rounds from 49 teams, the Organizing Committee identified 18 best teams to win tickets to the Final round on May 21, 2023. After  rounds of competition, the winner of the 2nd RFSpeed Racing academic competition in 2023 belonged to car number 18 of the team "Gear of Sorrows", and the second prize belonged to team "CL4" car number 37. Car No. 14 of the “Lightning” team won the Third prize and the Innovation prize while the “SPK Sandbox” team won the Consolation prize. The 02 teams that won the most favorite car award were the “Panther’s speed” team and the “Lightning and Speed” team.