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.
See also: Automotive Industry in Vietnam