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).

The report also notes that:

Vehicle sales are projected to reach 572,000 units by 2030, up from 450,000 in 2024.
Vietnam 30 percent EV adoption by 2030 is supported by tax cuts and incentives, but a lack of charging infrastructure remains a barrier.
Geopolitical risks, financial constraints, and stricter traffic regulations could impact long-term growth.

Your support keeps this site independent and objective.
If you find value in this work, please consider making a contribution.

$2/mo $5/mo $10/mo One-time

Need more convincing?

Our content is free because we believe a rising tide lifts all boats.

By making accurate, independent information accessible to everyone, we help create a more informed, resilient, and empowered business community.

When businesses, investors, policymakers, and everyday readers all have access to clear, unbiased analysis, it leads to better decisions, fairer opportunities, and stronger economic outcomes for all.

That said, while our content is free to read, it costs money to create.

Behind every article is careful research, fact-checking, and expert analysis — all of which require time, skill, and resources.

If you can spare a couple of dollars, your support helps ensure that reliable, unbiased information remains accessible to all.