Vietnam’s imports of motor vehicles reached US$426.38 million in May 2025, according to figures released by Vietnam’s General Department of Customs. This represents a slight increase of 0.82 percent compared to April, bringing the year-to-date (YTD) import value to US$1.83 billion.

China remains the top supplier with steady growth:

China continued to be the primary source for motor vehicle imports, with a May value of US$150.70 million. This signifies a 2.45 percent increase from April and accounts for 33.01 percent of the total year-to-date imports.

Indonesia surges to second place, while Thailand sees a sharp decline:

Indonesia experienced a remarkable surge of 62.06 percent in May, with imports reaching US$126.10 million. This places Indonesia as the second-largest supplier for the month and a significant contributor to the YTD total at 25.32 percent. Conversely, Thailand, a major supplier, saw its imports plummet by 45.34 percent to US$83.13 million, yet still holds a considerable 30.01 percent of YTD imports.

Japan and South Korea show extraordinary month-on-month growth:

Several other countries exhibited strong month-on-month growth in May:

South Korea recorded an astonishing surge of 13368.90 percent, albeit from a very low base in April, reaching US$3.93 million. This indicates a massive, potentially one-off, shipment.
Japan imports jumped by 102.13 percent to US$39.44 million.
Germany saw a substantial increase of 214.90 percent.

Notable declines in imports:

Conversely, some markets faced substantial declines in imports in May:

USA imports plummeted by 81.81 percent.
UK imports decreased by 40.83 percent.
The “Other” category also saw a decline of 4.34 percent.

The overall slight increase in May’s motor vehicle imports indicates a dynamic market, with significant shifts in supplier contributions, particularly the strong growth from Indonesia and Japan offsetting the sharp decline from Thailand.

Vietnam imports of motor vehicles, May 2025, US$ millions

	May	April	MoM	YTD	% of YTD
Total	426.38	422.93	0.82%	1,827.67	100.00%
Other	15.57	16.28	-4.34%	0.00	0.00%
China	150.70	147.09	2.45%	603.36	33.01%
Indonesia	126.10	77.81	62.06%	462.75	25.32%
Thailand	83.13	152.10	-45.34%	548.50	30.01%
Japan	39.44	19.51	102.13%	95.58	5.23%
South Korea	3.93	0.03	13368.90%	4.92	0.27%
Germany	2.58	0.82	214.90%	10.26	0.56%
Russia	2.14	1.73	23.95%	10.07	0.55%
UK	1.95	3.30	-40.83%	12.09	0.66%
USA	0.77	4.26	-81.81%	6.12	0.34%
India	0.05	0.00	0.00%	0.05	0.00%
Austria	0.00	0.00	0.00%	0.28	0.02%

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