Vietnam produced 49.16 thousand motor vehicles in December, down 19.02 percent from 60.70 cars in November, according to the latest data from the National Statistics Office.
Year to date output reached 484.53 thousands of pieces by the end of December.
Listed motor vehicles 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.
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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 22,800 on Friday down 0.6 percent with 2,899,000 shares traded, worth VND 6,701 million.
Foreign ownership in PAC is currently capped at 50.0 percent, with current foreign ownership sitting at 12.1 percent.
Saigon General Service Corporation
Saigon General Service Corporation (SVC) trades automobiles, spare parts, and provides logistics and technical services.
SVC closed at VND 21,300 on Friday down 0.65 percent with 83,000 shares traded, worth VND 178 million.
Foreign ownership in SVC is currently capped at 68.6 percent, with current foreign ownership sitting at 2.0 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 165,400 on Friday up 4.3 percent with 33,173,000 shares traded, worth VND 547,319 million.
Foreign ownership in VIC is currently capped at 96.4 percent, with current foreign ownership sitting at 6.2 percent.
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Vietnam motor vehicles news
Recent developments include:
Government inspection EV maker
Hung Yen provincial inspectors included TMT Motors in a 2026 inspection plan covering investment compliance at nearly 100 enterprises, including its electric vehicle assembly expansion project.
The company partnered with SAIC GM Wuling Automobile in 2023 and sold 591 electric vehicles in 2023, 1,358 in 2024, targeting 3,404 units in 2025.
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.
Hong Kong-Taiwan EV factory Northern Vietnam
A delegation from Hong Kong and Taiwan, with representatives from Chengling Automobile and Zhaoling Electric Vehicle, has proposed a factory investment of about US$500 million (VND 13.2 trillion) in Thai Nguyen.
The plant would produce electric motorbikes, scooters, trucks, dump trucks, trailers and specialised vehicles.
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Vietnam’s motor vehicles industry
Vietnam’s motor vehicles industry has expanded steadily, driven by rising domestic demand, urbanisation, and the development of local manufacturing capacity.
The sector includes passenger cars, commercial vehicles, motorcycles, and a growing focus on electric vehicles and supporting components.
Domestic firms and foreign invested manufacturers operate assembly plants across the country, supported by an expanding supplier network and government industrial policies.
Challenges remain in localisation rates, technology transfer, and cost competitiveness, but the industry continues to attract investment as Vietnam positions itself as a regional automotive production hub.