vietnam's automobile market

Update news vietnam's automobile market

Vietnam auto production surges 52%, car prices may fall further by year-end

Domestic car output soars as manufacturers ramp up production, while discounts continue in the competitive Q4 sales race.

Fuel standard 4.83 l/100 km: Challenge or chance for Vietnam’s auto market?

Vietnam plans strict new fuel efficiency rules by 2030. Carmakers worry, but experts see opportunities.

Vietnam’s auto industry struggles under intense competition

Many automobile businesses are facing difficulties, with profits declining and some companies reporting losses, a sharp contrast with the booming growth about a decade ago.

Vietnam surpasses China and the EU to become global EV phenomenon

With explosive EV adoption and record sales, Vietnam emerges as a global electric vehicle leader in 2025.

Vietnam’s EV boom outpaces China and EU in global growth race

Vietnam’s electric vehicle market is booming, with EVs now making up over 40% of new vehicle sales, surpassing China and Europe.

New car launches break taboos during Vietnam’s Ghost Month

Car brands defy tradition by unveiling new models in the 7th lunar month, betting on changing buyer behavior and untapped market attention.

Will Skoda Slavia shake up Vietnam’s budget sedan market?

The Czech carmaker introduces its new B-segment sedan, Skoda Slavia, with competitive pricing and features to take on established Japanese and Korean rivals.

Vietnam spends over $3bil. importing cars despite rising local output

While domestic vehicle production remains high, imported cars saw a noticeable decline in August, according to newly released data.

Vietnam may halt gasoline car production over fuel efficiency rules

A draft regulation could suspend automakers failing to meet 4.83L/100km average fuel use by 2030.

Used car prices plummet but sales stagnate as ‘Ghost month’ looms

The used car market is facing its toughest period in years. With ‘Ghost month’ approaching, dealers are restless, grappling with losses and high operating costs to stay afloat.

Automakers warn new fuel rule could cripple Vietnam’s car market by 2030

Vietnam’s proposed fuel-efficiency targets could eliminate nearly all gasoline cars and shake up the entire automotive industry.

Manufacturer slashes prices on 2,071 unsold cars after repeated failed auctions

After many failed auctions, Veam Corporation has put 2,071 vehicles into auction at the starting price of VND430.6 billion.

Vietnamese EV distributor penalized after reporting $8.4M in losses

TMT Motors remains under stock warning status after massive retained losses despite mid-year profit turnaround.

Hybrid car sales surge 72% in July on new environemental policy

Notably, the hybrid segment recorded the strongest growth, with 7,112 units sold, a 72% year-on-year increase. The figures reflect a shift in consumer preference towards more environmentally friendly vehicles.

Savico and Tasco team up to expand Geely–Lynk & Co network in Vietnam

Saigon General Service Corporation (Savico) has increased its investment in Tasco RT Auto Trading Co., Ltd. to expand operations, focusing on distributing Chinese brands Geely and Lynk & Co.

Car sales in June reach highest level since beginning of the year

Car sales by the members of the Vietnam Automobile Manufacturers’ Association (VAMA) in June increased by 9.5 percent compared to the previous month, reaching the highest level this year.

Car sales increase sharply in June

The total number of cars sold by the Vietnam Automobile Manufacturers Association (VAMA)’s members in June 2025 reached 31,977 vehicles, up 9% over May and up 20% over the same period in 2024.

Auto enterprises to enjoy preferential import tariff policies

The Government has issued Decree No. 199/2025/ND-CP amending and supplementing Decree No. 26/2023/ND-CP on the export and preferential import tariff schedules, and the lists of goods subject to absolute tax, mixed tax, and out-of-quota import duties.

Counterfeit engine oil floods market: how can consumers protect their vehicles?

Using fake or low-quality engine oil at a cheap price not only damages vehicle engines and compromises driving safety but also indirectly supports the production and sale of counterfeit goods.

Toyota nears one-millionth vehicle sold in Vietnam

Toyota Motor Vietnam (TMV) on July 2 announced that it had delivered over 29,000 vehicles to Vietnamese customers in the first half of 2025, a 31% increase compared to the same period last year.