Vietnam produced 51.70 thousand motor vehicles in February, up 49.18 percent from 34.66 thousand units in January, according to the latest data from the National Statistics Office.
Year-to-date output reached 86.36 thousand units by the end of February.
Listed automotive companies
Key motor vehicle 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 February, PAC shares moved from 22.80 to 22.95, a change of 0.15 (0.01 percent). Foreign ownership moved from 264,283.31 to 264,172.80, a change of -110.51 (0.00 percent).
Vingroup JSC (VIC)
Vingroup JSC (VIC) is Vietnam’s largest private conglomerate, operating in real estate, automotive (VinFast), healthcare, and education. (VIC)
In February, VIC shares moved from 140.50 to 172.00, a change of 31.50 (0.22 percent). Foreign ownership moved from 34,801,363.73 to 34,963,909.05, a change of 162,545.32 (0.00 percent).
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Vietnam automotive news
Recent developments include:
Car imports February
Vietnam imported motor vehicles to the tune of US$359 million in February, down from US$385 million in January, a change of -6.84 percent, according to preliminary data from Vietnam’s General Department of Customs. Read more→
Parking space sale dispute HCMC
A dispute has emerged at the CityLand Park Hills apartment complex in Ho Chi Minh City after the developer, CityLand, proposed selling the buildings car parking spaces for 400–500 million VND (about US$15,200–19,000) per slot.
CityLand stated the pricing is only preliminary and not mandatory, with residents free to continue renting parking for around 1.5 million VND (about US$57) per month. Read more→
Car sales in February
Total car sales in Vietnam reached 15,665 units in February compared to 29,774 units in Jan 26. Year-to-date, the VAMA has recorded 45,439 Total car sales. This is compared to 32,857 units over the same period in 2025. Read more→
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. Read more→
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Vietnam’s automotive industry
Vietnam’s automotive industry has grown rapidly, driven by rising incomes, urbanisation and expanding domestic demand for passenger and commercial vehicles.
The market is led by a mix of foreign assemblers and domestic players, with production largely focused on assembly and supported by government incentives to increase localisation.
The sector is shifting toward electric vehicles and greener transport, with domestic manufacturers investing in electrification and new production capacity.
At the same time, the industry faces challenges including low localisation rates in some segments, reliance on imported components and increasing competition from regional imports.
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The data
Vietnam car output in February 2026
| Unit | February | January | MoM | YTD | Feb 26 / 25 | YTD 26 / 25 | |
| motor vehicles | units / 000s | 51.70 | 34.66 | 49.18% | 86.36 | 8.97 | 24.01 |