Vietnam's auto market continues to surge as local manufacturers step up production and import volumes climb. In the first nine months of 2025, domestic carmakers rolled out an estimated 338,400 units, marking a 52.7% increase over the same period in 2024.

According to a newly released report from the General Statistics Office under the Ministry of Finance, September alone saw an estimated 56,971 new cars enter the Vietnamese market, combining both locally produced and imported vehicles. This represents a 5.4% rise from August (54,074 units).

Of this figure, domestic production accounted for approximately 38,700 units, a 2.4% month-on-month increase and up 19.7% year-over-year from September 2024. This marks the second-highest monthly output in 2025, following June.

In terms of imports, Vietnam brought in an estimated 18,271 fully assembled cars in September, valued at $402 million. That’s a 12.3% increase in volume and a 10.7% rise in value compared to August (16,274 units worth $363 million).

Cumulatively, between January and September 2025, Vietnam imported around 156,092 cars, totaling approximately $3.418 billion in value. These figures represent a 24.8% increase in volume and a 33.3% surge in value compared to the same period in 2024.

As the market enters Q4 - the traditional peak season driven by pre-Tet holiday demand - car buyers are seeing some of the biggest discounts in years. Despite rising interest in car purchases, strong supply and high inventory levels are fueling an intense price-cutting race across the board.

Analysts suggest that this is one of the most favorable periods for Vietnamese consumers to purchase vehicles at highly competitive prices.

Hoang Hiep