vietnam's automobile market

Update news vietnam's automobile market

Tax cuts poised to ignite Vietnam’s hybrid vehicle boom from 2026

Vietnam’s auto industry is on the brink of a major transformation as excise tax reductions set to take effect in 2026 are expected to significantly cut the cost of hybrid vehicles, driving new investment and propelling rapid market expansion.

Car sales surge to yearly high, imported vehicles dominate the market

Vietnam’s auto market hit a new peak in November, with imported cars continuing to outsell domestically assembled ones for the ninth straight month.

A year-end frenzy: Car buyers win big in Vietnam’s December price war

December has turned into a buyer’s market in Vietnam, as automakers roll out record-breaking discounts and fee waivers in a bid to boost year-end sales.

Locally assembled cars hit record high as Vietnam's auto market heats up

The number of new cars entering the Vietnamese market soared in November, with locally assembled vehicles hitting their highest monthly output of the year - a promising sign as the auto sector enters its peak sales season.

Fierce head-to-head showdowns shape Vietnam’s car market landscape

Vietnam’s auto market continues to witness intense rivalries between major brands, with Toyota and Mitsubishi engaged in two high-stakes face-offs in the B-SUV and pickup segments.

Automakers race toward fierce competition as sector shifts gears

Vietnam’s automobile market is entering an unprecedentedly vibrant phase as a surge in imported vehicles, electric cars and hybrids gathers momentum.

Auto market recovery driven by fully-assembled imported vehicles

Imported cars outpaced domestically assembled ones in September, pushing the recovery of Vietnam’s automobile market, according to the Vietnam Automobile Manufacturers’ Association (VAMA).

Swapping EV batteries takes only 2 minutes, cabinet race accelerates

The infrastructure development unit for charging stations under Vingroup estimates that the country will need 500,000 battery swap cabinets for electric motorcycles alone. This attractive investment sector is drawing many businesses.

Vietnam’s car market revs up post-Ghost Month, imports dominate

Car sales surged 18% in September, with imported vehicles continuing to outperform domestic models, reflecting strong consumer preference.

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.

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.

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.

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.