automotive
The Automotive category covers industry trends, production data, and trade dynamics shaping the vehicle manufacturing and supply chain sector. It explores automobile production, exports, imports, foreign investment, and government policies, providing insights into electric vehicles (EVs), automotive components, supply chain challenges, and consumer demand. This section also examines technological advancements, infrastructure development, and regulatory changes impacting the industry. Whether analyzing market growth, investment opportunities, or policy shifts, this category serves as a resource for businesses, investors, and policymakers navigating the evolving automotive sector.
Automotive: VinFast shifts focus to Asia amid widening losses
Vietnamese electric vehicle (EV) maker VinFast reported a US$1.26 billion loss in Q4 2024, an 81 percent increase year-on-year. The company will deprioritise North America and Europe, turning instead to Asia, including India, Indonesia, the Philippines, and Vietnam, Bloomberg has reported.
Vietnam’s motorbike output up 6.1 percent year-on-year in Q1
Vietnam’s motorbike production reached 237,500 units in March, down from 253,000 units in February, reflecting a 7.4 percent decline compared to March 2024. Despite the monthly drop, total output for the first quarter stood at 728,100 units, marking a 6.1 percent year-on-year increase, according to data from the General Statistics Office.
Vietnam’s car output up 81.5 percent year-on-year in Q1
Vietnam produced 36,700 cars in March, up from 31,900 units in February, marking a 63.6 percent increase compared to March 2024. Total car output for the first quarter reached 106,400 units, representing a sharp 81.5 percent year-on-year rise, according to data from the General Statistics Office.
Ducati closes Hanoi showroom amid weak demand in northern Vietnam
Ducati Vietnam will shut down its only northern showroom in Hanoi, citing low performance and limited demand in the region. The decision leaves Ho Chi Minh City as the brand’s sole dealership location in the country, VN Express is reporting.
Industry pushes back on Vietnam EV charging station sharing proposal
A proposal to require businesses to share electric vehicle (EV) charging stations has drawn strong opposition from industry leaders and experts. The proposal, made by Dr. Tran Huu Minh of the National Traffic Safety Committee, is aimed at optimising infrastructure use — but has been criticised as undermining fair competition and private investment, according to VietnamNet.
Vietnam’s car production increases by 152.9% in February 2025
Vietnam’s car production has experienced significant growth in the first two months of 2025. According to the latest data from Vietnam’s General Office of Statistics, the country produced 37,800 cars in January 2025. In February, this figure slightly decreased to 36,900 thousand cars.
Vietnam’s motor vehicle parts imports rise 10.33 percent in February 2025
Vietnam’s imports of motor vehicle parts and accessories grew by 10.33 percent month-on-month in February, reaching US$411.72 million, according to Vietnam’s General Department of Customs. This brings total year-to-date imports to US$785.01 million, reflecting sustained demand in the automotive sector.
Vietnam’s automotive market to grow 4.1 percent a year through 2030: PWC report
Vietnam’s automotive industry is expected to see steady growth, with vehicle sales projected to increase at a 4.1 percent annual rate through 2030. Strong economic expansion, rising consumer demand, and government incentives are driving growth, though infrastructure gaps and financial constraints remain challenges, according to PWC’s ASEAN-6 Automotive Market Snapshot (Feb 2025).
Vietnam’s motor vehicle imports surge 131.40 percent in February 2025
Vietnam’s motor vehicle imports saw a sharp increase of 131.40 percent month-on-month in February, reaching US$377.62 million, according to Vietnam’s General Department of Customs. This brings total year-to-date imports to US$537.94 million, reflecting strong demand.
Transport prices in Vietnam jump in February
Transport-related costs in Vietnam rose by 0.63 percent in January, contributing 0.06 percentage points to Vietnam’s Consumer Price Index. The rise was driven by increased travel demand at the beginning of the new year, leading to a 61.99 percent surge in rail passenger transport prices and a 25 percent increase in air passenger transport fares, according to Vietnam’s General Office of Statistics.
Motorcycle manufacturing in Vietnam sees strong monthly growth despite annual decline
Vietnam’s motorcycle manufacturing industry increased by 68.6 percent in January compared to the 2019 baseline, according to Vietnam’s Industrial Production Index. This was higher than December 2024, when output stood at 24.7 percent above 2019 levels.
Vietnam’s imports of parts and accessories of motor vehicles fall 22.09 percent in January
Vietnam’s imports of parts and accessories for motor vehicles dropped by 22.09 percent month-on-month in January, reaching US$373.16 million, according to Vietnam’s General Department of Customs. This follows a decline from US$478.98 million recorded in December.
Auto parts production in Vietnam declines in January despite strong baseline growth
Vietnam’s production of spare parts and accessories for motor vehicles and motor vehicle engines increased by 125.7 percent in January compared to the 2019 baseline, according to Vietnam’s Industrial Production Index. However, this was a decline from December 2024, when output was 178.0 percent above 2019 levels.
Vietnam’s imports of motor vehicles fall 46.24 percent in January
Vietnam’s imports of motor vehicles decreased by 46.24 percent month-on-month in January, reaching US$163.19 million, according to Vietnam’s General Department of Customs. This follows a significant decline from US$303.57 million recorded in December.
Motor vehicle manufacturing in Vietnam slows in January
Vietnam’s motor vehicle manufacturing sector recorded a 178.7 percent increase in January compared to the 2019 baseline, according to Vietnam’s Industrial Production Index. However, this marked a decline from December 2024, when output was 234.2 percent above 2019 levels.
Wholesale, retail, and repair of cars, motorbikes sector in Vietnam records US$72.43 million in January FDI
In January, Vietnam’s wholesale, retail, and repairs of cars and motorbikes sector registered a total of US$72.43 million in new foreign direct investment (FDI) across 84 new projects, according to data from Vietnam’s Ministry of Planning and Investment. This represents an increase of US$32.6 million compared to December, which saw US$39.8 million in registered capital. However, the number of new projects was down from 102 in December.
Vietnam’s truck market to grow by US$1.5 billion by 2028: report
Vietnam’s truck market is projected to expand by US$1.5 billion between 2023 and 2028, registering a compound annual growth rate of 8.05 percent, according to Technavio. This growth is driven by the country’s expanding economy and the increasing demand for goods transportation and logistics management, the report says.
Vietnam electric vehicle registration exemption to end March 1
A freeze on registration fees for electric vehicles in Vietnam is set to come to an end at the end of the month. It will, however, be replaced with a 50 percent reduction in registration fees for electric vehicles for the next two years.
Vietnam’s motorbike production estimated to reach 3.11 million units in 2024
In November 2024, the country produced 279,500 units of motorbikes, demonstrating steady output despite a slight increase in December.
Vietnam Automotive Industry 2026: Growth, Imports & Outlook
Vietnam’s automotive industry has come a long way as middle-class incomes have grown facilitating a shift from motorcycles to cars. However, the automotive industry in Vietnam can be complex, governed by a patchwork of local regulations and free trade agreements. In light of this, this cheat sheet provides a brief overview of Vietnam’s automotive industry touching on the key points foreign firms should be aware of.
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