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Vietnam retail sales for vehicles and spare parts see robust growth

Retail sales of vehicles, excluding cars but including spare parts, in Vietnam showed notable growth in October, driven by steady demand for two-wheelers and maintenance products, according to Vietnam’s Ministry of Industry and Trade data.

In September, sales in this category reached VND 19.75 trillion, equivalent to US$0.78 billion. By October, the figure increased to VND 20.49 trillion, or US$0.81 billion, reflecting a month-on-month rise of 3.75 percent.

Year-to-date, sales for vehicles and spare parts amounted to VND 181.28 trillion, or US$7 billion. This growth highlights the sector’s importance within Vietnam’s retail market, fuelled by a rising need for affordable transportation and associated spare parts.

The robust growth in this segment underscores its resilience and critical role in supporting mobility and consumer spending across the country.

See also: Automotive Industry in Vietnam

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