Vietnam’s car sales rose by 23 percent year on year in November to 30,540 units, according to a report by the Vietnam Automobile Manufacturers’ Association.
Car sales rose by 23 percent year on year in November to 30,540 units (Photo: VNA)
Hanoi (VNA) – Vietnam’s car sales rose by 23 percent yearon year in November to 30,540 units, according to a report by the VietnamAutomobile Manufacturers’ Association.
The report showed that January-November sales reached 253,957 units, withgiants such as Toyota, Truong Hai Auto Corporation (Thaco), Ford and Hondaclaiming the majority of market share.
Domestic automaker Thaco now leads car sales in Vietnam with 88,181 units soldin the first 11 months, up 9 percent compared with the same period last year,of which Thaco Kia and Mazda reached 25,970 units and 29,871 units, increasing30 percent and 29 percent, respectively. Sales of Thaco trucks were down 24 percentat 26,432 units.
Toyota Motor Vietnam sold 56,864 units, up 6 percent compared to the sameperiod last year. Honda Vietnam overtook Ford to take third spot with 23,994sales, up 109 percent. Meanwhile, Ford sold 20,677 units, falling 21 percent.
Manufacturers such as Lexus, Mercedes-Benz Vietnam, GM Vietnam, Isuzu, VEAM,Vinamotor and SAMCO all lost ground.
The decline of GM Vietnam is likely due to the sale of its factory in Hanoi toVingroup. The transfer of GM Vietnam’s operations, including the factory, anauthorised dealer network and staffing, is expected to be completed by theyear-end.
Luxury brands Mercedes-Benz Vietnam and Lexus reported sales of 5,504 and 390vehicles, down 12 percent and 52 percent, respectively. Increased taxes onluxury cars have been blamed for the demise in recent years.
According to VAMA statistics, the best-selling cars in the first 11 months ofthis year were the Toyota Vios, Innova E, Kia Morning, Kia Cerato, Mazda 3,Honda CR-V and Honda City.-VNA
Prime Minister Nguyen Xuan Phuc expressed his hope that Vingroup conglomerate will contribute to the development of the domestic automobile sector with the establishment of its VinFast automobile and electric motorbike manufacturing complex.
Vietnam now has a golden population structure and a fast growing middle class – potential buyers of private cars, which is forecast to boost domestic car sales by about 22 percent annually from now to 2025.
Fifteen renowned brands will present displays at the Vietnam Motor Show 2018, the largest national event of its kind, as heard at a press conference about the event held in Hanoi on August 20.
The domestic automobile parts industry has failed to reach the set target despite support from the Government, said Nguyen Thi Tue Anh, deputy director of the Central Institute for Economic Management (CIEM).
Almost 28,900 cars were sold in Vietnam in October, up 21 percent from the previous month, according to the Vietnam Automobile Manufacturers Association (VAMA).
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
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.
Car sales rose by 23 percent year on year in November to 30,540 units (Photo: VNA) 
