According to a report released by the General Statistics Office under the Ministry of Finance, a total of 72,434 new vehicles - including both domestically assembled and imported units - were added to the market in March 2026. This marked a sharp 52.8% increase compared to February, when only 47,416 vehicles were introduced.

Of the total, domestically produced and assembled vehicles reached an estimated 44,800 units, up 43.6% month-on-month and 17.6% compared to March 2025. In the first quarter of 2026, local manufacturers rolled out approximately 127,700 vehicles, representing an 18.5% increase year-on-year.

Alongside the growth in domestic production, completely built-up (CBU) imports also rose significantly.

Statistics show that Vietnam imported an estimated 27,634 vehicles in March, with a total value of US$590 million. This represented a 70.4% increase in volume and a 60.1% rise in value compared to February, when 16,216 units worth US$359 million were imported.

Compared to the same period last year, March 2026 imports increased by 28.0% in volume and 33.4% in value.

For the entire first quarter, imported vehicles rose by 27.5% in volume and 36.0% in value year-on-year.

Experts note that while supply is expanding rapidly, consumer demand has yet to show a clear breakthrough. As a result, the Vietnamese auto market is likely to see a new wave of price cuts and promotional campaigns in the second quarter, as manufacturers and dealers seek to stimulate demand.

Hoang Hiep