Car production in Vietnam up 43.55 percent in March / year-on-year +17.62%, YTD +18.55%

Vietnam produced 44.81 thousand motor vehicles in March, up 43.55 percent from 31.21 thousand units in February 2026, according to the latest data from the National Statistics Office.

Year to date output reached 127.73 thousand units by the end of March.

Listed automotive companies

Key automotive firms listed on the Vietnam stock exchange include:

Dry Cell and Storage Battery JSC (PAC)

Dry Cell and Storage Battery JSC (PAC) produces automotive and industrial batteries under the PINACO brand. (PAC)

In March, PAC shares moved from 22.95 to 26.25, a change of 3.30 (14.38%).

Foreign ownership moved from 264,172.80 to 261,440.98, a change of -2,731.82 (-1.03%).

Vingroup JSC (VIC)

Vingroup JSC (VIC) is Vietnam’s largest private conglomerate, operating in real estate, automotive (VinFast), healthcare, and education. (VIC)

In March, VIC shares moved from 172.00 to 135.00, a change of -37.00 (-21.51%).

Foreign ownership moved from 34,963,909.05 to 34,456,113.69, a change of -507,795.36 (-1.45%).

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Vietnam car industry news

Recent industry developments include:

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Vietnam’s car industry

Vietnam’s automotive industry is dominated by assembly operations, with both foreign and domestic manufacturers producing vehicles primarily for the domestic market.

The sector has grown alongside rising incomes and urbanisation, though car ownership rates remain relatively low compared to regional peers.

Key players include global brands operating through joint ventures as well as domestic firms such as VinFast, which is expanding into electric vehicles.

Government policy focuses on localisation, tax incentives and electrification, though the industry continues to rely heavily on imported components.

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The data

TABLE: Vietnam motor vehicles production in 2026