Total car sales in Vietnam reached 29,774 units in January compared to 42,701 units in December. Year-to-date, the VAMA has recorded 29,774 Total car sales. This is compared to 15,676 units over the same period in 2025, an increase of 90 percent, according to the latest data from the Vietnam Automobile Manufacturers Association.
(Note: this data only includes VAMA members. Notable absences include Hyundai and VinFast.)
The three biggest-selling brands in Vietnam in January were Ford, which recorded a year-on-year increase of 108.85 percent; Mitsubishi, up 193.65 percent; and Toyota, up 45.01 percent (complete table below).
Note that the Lunar New Year holiday, when sales fall, fell in January last year, but will fall in February this year.
Passenger car sales in Vietnam reached 22,440 units in January compared to 32,452 units in December. Year-to-date, the VAMA has recorded 22,440 Passenger car sales. This is compared to 11,057 units over the same period in 2025.
Truck sales in Vietnam reached 5,806 units in January compared to 7,954 units in December. Year-to-date, the VAMA has recorded 5,806 Truck sales. This is compared to 3,108 units over the same period in 2025.
Related reading: Why Vietnam’s Car Market No Longer Makes Sense
The oversupply of cars in Vietnam’s car market has been well known for some time, yet the gap between supply and demand continues to grow. Without a clear rationale for the lack of a market correction, it would make sense if car makers with other options were reconsidering their positions.
Bus sales in Vietnam reached 665 units in January compared to 556 units in December. Year-to-date, the VAMA has recorded 665 bus sales. This is compared to 506 units over the same period in 2025.
Special-purpose vehicle sales in Vietnam saw no units sold in January compared to 89 units in December. Year-to-date, the VAMA has recorded Special-purpose vehicle sales. This is compared to 101 units over the same period in 2025.
BEV sales in Vietnam saw no units sold in January compared to 1 unit in December. Year-to-date, the VAMA has recorded BEV sales. This is compared to units over the same period in 2025.
Hybrid vehicle sales in Vietnam reached 863 units in January compared to 1,649 units in December. Year-to-date, the VAMA has recorded 863 Hybrid vehicle sales. This is compared to 904 units over the same period in 2025.
Listed automotive companies
Key automotive 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 Tuesday, 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 22,150 on Tuesday, down 0.1 percent with 2,101,000 shares traded, worth VND 4,675 million.
Foreign ownership in PAC is currently capped at 50.0 percent, with current foreign ownership sitting at 12.0 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 141,500 on Tuesday, up 9.2 percent with 61,036,000 shares traded, worth VND 856,780 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 news
Recent developments in the automotive industry in Vietnam include:
Mercedes-Benz Vietnam investment offer
Tasco Auto has proposed acquiring a 70 percent stake in Mercedes-Benz Vietnam, the operator of the Mercedes-Benz assembly plant in Go Vap, according to the Ho Chi Minh City government portal.
Mercedes-Benz Vietnam is a joint venture between Saigon Transportation Mechanical Corporation and Mercedes-Benz Group AG, operating on leased land that has been extended to April 2030 under conditions requiring eventual relocation without compensation.
The proposal comes as Tasco Auto expands its automotive footprint through control of Savico and partnerships with international carmakers, while the legal status of the Go Vap land remains under review.
See the latest Vietnam news headlines→
Vietnam’s automotive industry
Vietnam’s automotive industry has expanded steadily over the past decade, driven by rising incomes, urbanisation, and supportive industrial policy.
Domestic assembly dominates the market, with global manufacturers operating joint ventures alongside emerging local brands.
Production remains focused on assembly rather than deep localisation, with many components still imported despite government incentives to develop supporting industries.
Export activity is growing but remains modest compared to regional manufacturing hubs such as Thailand and Indonesia.
Find out about starting a business in Vietnam→
The data
Table of Vietnam vehicle sales by type, January 2026
| Jan 26 | Dec 25 | YTM 2026 | YTM 2025 | Change | |
| Total car | 29,774 | 42,701 | 29,774 | 15,676 | 89.93% |
| Passenger car | 22,440 | 32,452 | 22,440 | 11,057 | 102.95% |
| Truck | 5806 | 7954 | 5806 | 3,108 | 86.81% |
| Bus | 665 | 556 | 665 | 506 | 31.42% |
| Special-purpose vehicle | 0 | 89 | 0 | 101 | -100.00% |
| BEV | 0 | 1 | 0 | 0 | #DIV/0! |
| Hybrid vehicle | 863 | 1,649 | 863 | 904 | -4.54% |
Table of best-selling vehicles in Vietnam by brand, January 2026
| Jan-26 | Jan-25 | ||||
| units | % | units | % | Change | |
| Total | 29,774 | 99.8% | 15,676 | 99.8% | YoY |
| Ford | 5,121 | 17.2% | 2,452 | 15.6% | 108.8% |
| Mitsubishi | 5,039 | 16.9% | 1,716 | 10.9% | 193.6% |
| Toyota | 4,852 | 16.3% | 3,346 | 21.3% | 45.0% |
| Thaco Mazda | 3,515 | 11.8% | 2,031 | 13.0% | 73.1% |
| Thaco Kia | 3,487 | 11.7% | 1,846 | 11.8% | 88.9% |
| Honda | 2,712 | 9.1% | 1,826 | 11.6% | 48.5% |
| Thaco Truck | 1,680 | 5.6% | 820 | 5.2% | 104.9% |
| Visuco (Suzuki) | 954 | 3.2% | 280 | 1.8% | 240.7% |
| Isuzu* | 888 | 3.0% | 547 | 3.5% | 62.3% |
| Hino* | 337 | 1.1% | 93 | 0.6% | 262.4% |
| Bus Thaco | 321 | 1.1% | 190 | 1.2% | 68.9% |
| Thaco Premium BMV+Mini | 264 | 0.9% | 116 | 0.7% | 127.6% |
| Lexus | 207 | 0.7% | 71 | 0.5% | 191.5% |
| Peugeot | 191 | 0.6% | 193 | 1.2% | -1.0% |
| Dothanh | 182 | 0.6% | 94 | 0.6% | 93.6% |
| Vinamotor* | 12 | 0.0% | 22 | 0.1% | -45.5% |
| SAMCO | 10 | 0.0% | 17 | 0.1% | -41.2% |
| Daewoo Bus | 2 | 0.0% | 16 | 0.1% | -87.5% |