Vietnam produced 56.19 thousand motor vehicles in January, up 2.68 percent from 54.72 thousand units in December, according to the latest data from the National Statistics Office.
Year-to-date output reached 56.19 thousand units by the end of January.
Listed automotive companies
Key Motor vehicles firms listed on the Vietnam stock exchange include:
Do Thanh Technology Corporation
Do Thanh Technology Corporation (DTT) manufactures automotive parts, plastic products, and mechanical components.
DTT closed at VND 17,950 on Wednesday, 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 25,550 on Wednesday, up 0.2 percent with 18,209,000 shares traded, worth VND 47,863 million.
Foreign ownership in PAC is currently capped at 50.0 percent, with current foreign ownership sitting at 12.4 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 155,600 on Wednesday, up 0.1 percent with 43,875,000 shares traded, worth VND 683,422 million.
Foreign ownership in VIC is currently capped at 96.4 percent, with current foreign ownership sitting at 5.6 percent.
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Vietnam automotive industry news
Automotive partnership VN-CN
Vietnam’s Kim Long Motor and China’s AOJ Suzhou signed a strategic cooperation agreement in Ho Chi Minh City on 14 February to jointly develop commercial vehicles and passenger platforms.
AOJ Suzhou will provide product planning, design, technical development, supply chain integration, testing and mass production support, while Kim Long Motor contributes manufacturing capacity and distribution networks in Vietnam.
The partnership targets buses, vans, trucks and all aluminium passenger vehicle platforms.
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Vietnam’s Motor vehicles industry
Vietnam’s motor vehicles industry has expanded rapidly in recent years as rising incomes and urbanisation drive demand for passenger cars and commercial vehicles.
Production is led by domestic manufacturers such as VinFast and Truong Hai Auto Corporation, alongside joint ventures assembling vehicles for global brands.
The industry remains heavily reliant on imported components, with localisation rates still relatively low compared with major automotive manufacturing hubs.
Vietnam’s government has introduced policies to support domestic production, electric vehicles and the development of local supply chains as the country seeks to build a competitive automotive industry.