Vietnam imported parts and accessories of motor vehicles to the tune of US$570 million in November, up from US$533 million in October, a change of 6.99 percent, according to preliminary data from Vietnam’s General Department of Customs.
Year to date, Vietnam had imported US$5,220 million worth of parts and accessories of motor vehicles by the end of November.
China accounted for US$269 million worth of Vietnam’s parts and accessories of motor vehicles imports in November. This was up from US$241 million in parts and accessories of motor vehicles imports in October, a change of 11.52 percent. Year to date, China has shipped US$2,108 million worth of parts and accessories of motor vehicles to Vietnam.
After China was South Korea making up US$80 million worth of Vietnam’s parts and accessories of motor vehicles imports in November. This was up from US$55 million in parts and accessories of motor vehicles imports in October, a change of 44.57 percent. Year to date, South Korea has shipped US$809 million worth of parts and accessories of motor vehicles to Vietnam.
Next was Japan contributing US$71 million worth of Vietnam’s parts and accessories of motor vehicles imports in November. This was up from US$70 million in parts and accessories of motor vehicles imports in October, a change of 1.67 percent. Year to date, Japan has shipped US$625 million worth of parts and accessories of motor vehicles to Vietnam.
Following Japan was Thailand representing US$62 million worth of Vietnam’s parts and accessories of motor vehicles imports in November. This was down from US$78 million in parts and accessories of motor vehicles imports in October, a change of 19.73 percent. Year to date, Thailand has shipped US$696 million worth of parts and accessories of motor vehicles to Vietnam.
Rounding out the top five was Indonesia constituting US$28 million worth of Vietnam’s parts and accessories of motor vehicles imports in November. This was down from US$29 million in parts and accessories of motor vehicles imports in October, a change of 2.56 percent. Year to date, Indonesia has shipped US$295 million worth of parts and accessories of motor vehicles to Vietnam.
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Vietnam imports of parts and accessories of motor vehicles in November, US$m
| November | October | MoM | YTD | |
| Total | 569.79 | 532.56 | 6.99% | 5,219.93 |
| Other | 15.75 | 17.84 | -11.72% | 190.22 |
| China | 269.05 | 241.25 | 11.52% | 2,108.08 |
| South Korea | 79.83 | 55.22 | 44.57% | 809.41 |
| Japan | 71.26 | 70.09 | 1.67% | 625.34 |
| Thailand | 62.41 | 77.76 | -19.73% | 696.36 |
| Indonesia | 28.01 | 28.74 | -2.56% | 294.89 |
| India | 27.13 | 27.68 | -1.97% | 319.39 |
| USA | 6.00 | 2.25 | 166.75% | 43.75 |
| Netherlands | 4.12 | 5.40 | -23.59% | 51.88 |
| Germany | 4.02 | 6.15 | -34.64% | 66.52 |
| Russia | 2.20 | 0.19 | 1041.81% | 14.08 |
| Malaysia | 2.17 | 1.44 | 50.09% | 25.25 |
| Philippines | 1.97 | 3.11 | -36.61% | 24.39 |
| Belarus | 0.96 | 0.00 | 0.00% | 1.48 |
| Italy | 0.68 | 0.25 | 172.12% | 4.96 |
| Turkey | 0.45 | 0.61 | -25.30% | 14.28 |
| Spain | 0.12 | 0.25 | -51.07% | 3.46 |
| Brazil | 0.04 | 0.04 | 0.54% | 1.17 |
Listed automotive companies
These companies are listed on the Ho Chi Minh City Stock Exchange.
Do Thanh Technology Corporation
Do Thanh Technology Corporation (DTT) manufactures automotive parts, plastic products, and mechanical components.
DTT closed at VND 16,000 on Friday down 0 percent with 0 shares traded, worth VND 0 million.
Foreign ownership in DTT is currently capped at 49.0 percent, with current foreign ownership sitting at 0.2 percent.
Dry Cell and Storage Battery JSC
Dry Cell and Storage Battery JSC (PAC) produces automotive and industrial batteries under the PINACO brand.
PAC closed at VND 22,200 on Friday down 0.4 percent with 2,707,000 shares traded, worth VND 6,028 million.
Foreign ownership in PAC is currently capped at 50.0 percent, with current foreign ownership sitting at 11.9 percent.
Vingroup JSC
Vingroup JSC (VIC) is Vietnam’s largest private conglomerate, operating in real estate, automotive (VinFast), healthcare, and education.
VIC closed at VND 155,000 on Friday down 3 percent with 153,363,000 shares traded, worth VND 2,265,950 million.
Foreign ownership in VIC is currently capped at 96.4 percent, with current foreign ownership sitting at 6.3 percent.
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Vietnam automotive news
Recent developments include:
Automotive MoU Geleximco-China’s LeeKr
Geleximco has signed a cooperation agreement with China’s LeeKr Technology, giving the Chinese chassis-systems supplier a pathway into Vietnam’s fast-growing electric-vehicle market.
The memorandum of understanding covers advanced automotive chassis components and aims to deepen supply-chain integration between the two companies.
Japan auto expansion
JTEKT Corp. has announced it will establish a dedicated sales company in Hanoi to expand its industrial and automotive aftermarket presence in Vietnam amid rising demand for machinery bearings.
The new entity, JTEKT Sales Vietnam Company Ltd., will be set up in December and begin operations in April 2025, with a representative office also planned for Ho Chi Minh City.
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Vietnam’s automotive industry
Vietnam’s automotive industry is gradually expanding, driven by rising domestic demand, urbanisation and improving transport infrastructure.
The market includes a mix of local assembly, imported vehicles and a growing ecosystem of parts and component suppliers.
Government incentives and policy support have encouraged investment in electric vehicles and supporting industries.
The sector faces challenges from high production costs, limited localisation and competition from imported vehicles, but continues to develop.