Vietnam Automobile Sales Rise 6.2% to 33,707 Units in July

Vietnam Automobile Sales Increase 6.2% in July

Vietnam Automobile Sales July reached 33,707 units, representing a 6.2% year-over-year increase, according to a Vietnam Automobile Manufacturers Association (VAMA) report issued on August 11. The reported total includes imported vehicles sold by non-VAMA manufacturers, alongside sales from VAMA members. Completely knocked down (CKD) vehicle volume reached 13,798 units, while completely built-up (CBU) volume stood at 19,909 units. However, sales among the 20 VAMA member manufacturers declined 5.0% year-over-year to 25,246 units. Within the VAMA-member segment, passenger car sales decreased 3.1%, commercial vehicle sales fell 16.9%, while hybrid vehicle sales increased 37.9% to 1,636 units. Battery electric vehicle sales were recorded at six units.

Leading Brands Show Mixed July Performance

Brand-level sales figures showed significantly different performances among leading automakers. Toyota, excluding Lexus, increased sales 3.0% year-over-year to 6,866 units and captured a 20.4% market share. Mitsubishi recorded 3,216 units, down 0.5%, for a 9.5% share, while Ford declined 24.4% to 3,129 units, representing 9.3% of the market. Thaco Kia posted a stronger 32.8% increase to 2,823 units, giving it an 8.4% share. Thaco Mazda declined 5.9% to 2,557 units, Honda fell 18.6% to 2,129 units, and Thaco Truck decreased 16.5% to 1,817 units.

Seven-Month Sales Maintain Market Recovery

Cumulative automobile sales for the first seven months of the year reached 221,540 units, up 13.8% year-over-year. Industry observers said the growth indicates that Vietnam’s automotive market is maintaining its recovery and that purchasing demand is gradually strengthening. The broader market performance contrasts with the decline recorded by VAMA members alone in July, highlighting the contribution of imported vehicles and non-VAMA manufacturers to overall sales. The seven-month increase also suggests that demand conditions remain supportive despite differences in performance across passenger cars, commercial vehicles and individual brands.

Electrification and Competition to Shape the Market

Market developments during the remaining months are expected to be influenced by competition across products, vehicle supply and sales incentives, with electrification becoming an increasingly important factor. Hybrid vehicle sales among VAMA members rose 37.9% in July to 1,636 units, while battery electric vehicle sales remained very limited at six units. The contrasting figures indicate that electrified powertrains are developing unevenly across the market, with hybrids showing stronger momentum than battery electric vehicles in the reported VAMA-member data. Automakers are therefore expected to continue adjusting product strategies, pricing, supply and incentives as competition intensifies and consumer demand evolves.

Frequently Asked Questions

What was Vietnam’s total automobile sales volume in July?
Vietnam’s total automobile sales reached 33,707 units in July, including imported vehicles sold by non-VAMA manufacturers. This represented a 6.2% year-over-year increase and included 13,798 CKD units and 19,909 CBU units. Sales among the 20 VAMA members were lower, declining 5.0% year-over-year to 25,246 units. The wider market therefore performed better than the VAMA-member segment alone. For the first seven months of the year, cumulative automobile sales reached 221,540 units, representing 13.8% year-over-year growth and indicating continued recovery in Vietnam’s automotive market.