Vietnam’s auto market sold 31,844 vehicles in October 2025, down 9 percent from the same month last year but up 21 percent month-on-month, according to data from the Vietnam Automobile Manufacturers Association (VAMA).
Note that these are sales for VAMA members only and that some other major car makers are not included. Vietnam’s VinFast for example.
Passenger car sales dropped 14 percent year-on-year to 22,668 units but jumped 29 percent from September.
Commercial vehicle sales rose 9 percent year-on-year to 7,750 units, including 7,096 trucks (up 14 percent) and 654 buses (down 29 percent).
Month-on-month, the segment grew 7 percent.
Special-purpose vehicles fell sharply, down 81 percent from a year earlier to just 21 units.
Battery electric vehicle (BEV) sales remained marginal at eight units, down from 13 in September, while hybrid vehicles declined slightly by 3 percent year-on-year to 1,397 units.
VAMA member car sales, October 2025
| Oct 25 | Oct 24 | Sep 25 | Oct 24/Oct 25 | Oct 25/Sep 25 | |
| Total | 31,844 | 35,114 | 26,291 | -9% | 21% |
| 1. Passenger cars (PC) | 22,668 | 26,431 | 17,623 | -14% | 29% |
| 2. Commercial vehicles (CV) | 7,750 | 7,130 | 7,256 | 9% | 7% |
| – Trucks | 7,096 | 6,208 | 6,704 | 14% | 6% |
| – Buses | 654 | 922 | 552 | -29% | 18% |
| 3. Special-purpose vehicles | 21 | 111 | 28 | -81% | -25% |
| 4. BEV | 8 | 0 | 13 | – | -38% |
Vietnam motor vehicle imports
Vietnam imported motor vehicles to the tune of US$431 million in October, up 7.26 percent over September, according to preliminary data from Vietnam’s General Department of Customs.
Year to date, Vietnam had imported US$3,848 million worth of motor vehicles by the end of October.
In October, Vietnam’s top supplier of motor vehicles was China, accounting for US$157 million worth. This was up 10.08 percent over September. Year to date, China has shipped US$1,288 million worth of motor vehicles to Vietnam.
After China, Thailand was the next biggest supplier. It shipped US$108 million worth of motor vehicles to Vietnam in October, a jump of 21.70 percent. Its total for the year to date is now sitting at US$1,131 million.
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Listed car companies
Hang Xanh Motors Service JSC
Hang Xanh Motors Service JSC (HAX) is an authorised Mercedes-Benz dealer offering car sales, maintenance, and repair services.
HAX closed at VND 10,800 on Thursday up 0.2 percent with 4,641,000 shares traded, worth VND 5,016 million.
Foreign ownership in HAX is currently capped at 50.0 percent, with current foreign ownership sitting at 7.0 percent.
Vietnam Sun Corporation
Vietnam Sun Corporation (VNS) operates taxi transport and car rental services under the Vinasun brand.
VNS closed at VND 9,190 on Thursday up 0.02 percent with 304,000 shares traded, worth VND 280 million.
Foreign ownership in VNS is currently capped at 49.0 percent, with current foreign ownership sitting at 2.5 percent.
Nhua Ha Noi JSC
Nhua Ha Noi JSC (NHH) manufactures plastic components and packaging for automotive and consumer industries.
NHH closed at VND 11,450 on Thursday up 0.05 percent with 456,000 shares traded, worth VND 519 million.
Foreign ownership in NHH is currently capped at 100.0 percent, with current foreign ownership sitting at 0.3 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 211,200 on Thursday down 0 percent with 30,615,000 shares traded, worth VND 648,731 million.
Foreign ownership in VIC is currently capped at 48.4 percent, with current foreign ownership sitting at 3.8 percent.
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Vietnam automotive news
Recent Vietnam automotive news includes:
Vinfast car sales India
Local car maker VinFast reportedly sold 131 units in India in October 2025.
Data from Autocar Professional showed total e-PV sales in India reached 17,783 units in October, up 56 percent year-on-year and 9 percent month-on-month.
Hyrbid car market
Tuoi Tre reported earlier this month that Vietnam’s hybrid car market is waiting for a major tax cut that will take effect in 2026, potentially reducing prices by hundreds of millions of dong.
It says buyers are delaying purchases while dealers clear stock with large discounts, as the revised special consumption tax will lower rates for both self-charging and plug-in hybrids.
The article quotes consumers saying they prefer to wait for lower prices, while experts note battery costs and maintenance remain concerns.
Luxury car market discounts
Nguoi Lao Dong was reporting in late October that luxury car dealers in Vietnam have been offering record discounts as demand weakens and inventories rise.
Brands like Mercedes-Benz, BMW, Audi, Lexus, and Volvo are cutting prices by hundreds of millions of dong to clear 2023–2024 stock.
Dealers said traditional status-driven buyers are shrinking, while affluent consumers are turning to premium electric vehicles or delaying purchases.
Vietnam’s automotive industry
Vietnam’s automotive industry is a fast-growing sector driven by rising incomes, urbanisation, and strong domestic demand for passenger and commercial vehicles.
The market includes major global automakers and local manufacturers such as VinFast, Thaco, and TC Motor, supported by a developing network of parts suppliers and industrial clusters.