Log in
Econ

Car sales in Vietnam up 22% y/y in 7 months

Sales of domestically assembled cars reached 107,006 units in the January – July period, down 14% year-on-year, while the sale volume of imported completely-built-units (CBUs) jumped 207% to 73,934 units.

Vietnam’s car market has been growing strongly in the first seven months of 2019, with 180,940 units sold during the period, up 22% against the same period of last year, according to a report by the Vietnam Automobile Manufacturers Association (VAMA).
 
Car sale number in Vietnam as of July 2019. Source: VAMA.
Car sales volume in Vietnam as of July 2019. Source: VAMA.
Upon breaking down, 132,550 were passenger cars, up 35% year-on-year; while 44,883 were commercial vehicles, down 1.5%; and 3,507 special-purpose vehicles, down 28%. 

Sales of domestically assembled cars reached 107,006 units in the January – July period, down 14% year-on-year, while 73,934 imported completely-built-units (CBUs) were sold in the period, jumping 207%. 
 
Sale number of domestically assembled.
Sales volume of domestically assembled and imported cars in January - July period. Source: VAMA.
In July, car sales reached 26,666 units, including 19,394 passenger cars, down 4% month-on-month; 6,812 commercial cars, up 2%; and 460 special-purpose vehicles, down 21%. 

The sales volume of locally assembled cars in July was reported at 15,275 units, down 5% month-on-month, and while 11,391 imported cars were sold, down 0.3%. 
 
Among the stakeholders of the Vietnam’s car market in July, Truong Hai Auto Corporation held the lion's share with car sales of 7,785 units or 30.1% of the volume of VAMA members in the month, followed by Toyota with 7,530 units, or 29.2%,  and TC Motor with 6,601 units. 

In terms of car brands under VAMA, Ford and Honda are competing fiercely for the top spot. In July, Ford's car sales reached 2,785, accounting for 10.8% of VAMA’s, and those of Honda reached 2,840, or 11%, while 1,873 Mitsubishi cars were sold, making up 7.3%. 
Reactions:
Share:
Trending
Most Viewed
Why are millions of home-based businesses in Vietnam ignoring registering as companies?

Why are millions of home-based businesses in Vietnam ignoring registering as companies?

THE HANOI TIMES — Vietnam currently has over 5.2 million household businesses that paid VND26 trillion (US$1.1 billion) in tax last year, according to the Ministry of Finance.

Hanoi to honor key industrial products for 2025

Hanoi to honor key industrial products for 2025

The recognition of key industrial products highlights the city government’s ongoing support for local businesses, fostering innovation and market expansion.

Hanoi to host 2025 craft village festival for global reach

Hanoi to host 2025 craft village festival for global reach

The activity is expected to promote traditional craftsmanship while fostering economic sustainability and global recognition for the city's craft villages.

Vietnam launches Semiconductor Innovation Center to boost industry growth

Vietnam launches Semiconductor Innovation Center to boost industry growth

The center provides a collaborative space for talent development and semiconductor startups, positioning Vietnam as a key player in the global semiconductor supply chain.

Vietnam launches National Data Association

Vietnam launches National Data Association

The launch of the National Data Association marks a significant milestone in Vietnam’s digital transformation journey. 

Regulators urged to take action against online trading fee hikes

Regulators urged to take action against online trading fee hikes

It is necessary to have a management instrument to make sure all stakeholders in the online trading industry, e-commerce platform operators, sellers, and buyers, enjoy sustainability.

Vietnam targets US$16 billion in timber exports this year

Vietnam targets US$16 billion in timber exports this year

Vietnam’s exports of wood and timber products exceeded $2.5 billion in the first two months of 2025.

Meta and NIC launch Vietnam Innovation Challenge 2025

Meta and NIC launch Vietnam Innovation Challenge 2025

The activity is part of the International Al-Semiconductor Conference 2025 ( AISC25) held on March 12-14 in Hanoi.