Auto sales slide 13 percent due to low post-holiday demand
Total automobile sales in February fell 13 percent from a month earlier to 17,621 units, according to Vietnam Automobile Manufacturers’ Assocation (VAMA).
Auto sales slide 13 percent due to low post-holiday demand. (Photo: autobikes.vn)
Hanoi (VNA)– Total automobile sales in February fell 13 percent from a month earlier to17,621 units, according to Vietnam Automobile Manufacturers’ Assocation (VAMA).
Out of the total,10,044 units were passenger cars, down 32 percent; 6,344 units were commercialvehicles, up 24 percent; and 1,233 units were special-purpose vehicles, up 220percent, VAMA said in a report released on March 8.
The February sales ofcompletely-built units (CBUs) were at 14,560, a decrease of 6 percent againstJanuary, while more than 3,060 complete knock down units (CKD) were sold lastmonth, down 35 percent.
Domesticmanufacturer Truong Hai Auto Corporation (Thaco) led VAMA members with 7,724units sold, a year-on-year increase of 85 percent. The car maker and importeraccounted for 45 percent of the country’s market share.
Thaco was followedby Toyota Vietnam with 3,579 units, up 51 percent year on year and representing21 percent of the market share.
Ford Vietnam camethird with 1,881 units, up 26 percent year on year and accounting for 11percent of the market share.
Total automobilesales in the first two months of 2017 rose 8 percent from the same period lastyear to 37,851 units with passenger cars and special-purpose vehicles up 21percent and 5 percent, respectively, while commercial vehicles dropped 11percent. The number of CBUs sold expanded 13 percent while CKD slid 5 percent.
The contractions inFebruary sales were largely due to lower demand for cars after Tet, the biggestholiday of the year which usually witnesses peak demand for cars. -VNA
Car sales in Vietnam last August fell 17 percent from the previous month to 23,540 units, attributable to consumers’ unwillingness to do big business like car purchases in the “Ghost Month”.
The total number of automobiles sold in 2016 reached 304,427 units, the highest level recorded by Vietnam’s auto market in the past 20 years, the Vietnam Automobiles Manufacturers Association (VAMA) announced on January 11.
The domestic auto industry will need several supporting measures including technical barriers to “create differences” between locally-made and imported cars, officials and industry insiders agree.
The Republic of Korea's Hyundai Motors and local Truong Hai Automobile Company (Thaco) have launched a mini bus manufacturing project with the total capacity of 10,000 units per year.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
Auto sales slide 13 percent due to low post-holiday demand. (Photo: autobikes.vn) 
