Auto sales in Vietnam fall 30% in Jan-Jul, Mitsubishi Xpander tops sales
Vehicles sales by members of the Vietnam Automobile Manufacturers' Association (VAMA), which does not include VinFast and Hyundai, dropped 30% year-on-year to 162,014 in the first seven months of this year.
They included 119,498 passenger cars, down 34% year-on-year; 41,169 commercial vehicles, down 13%; and 1,347 special-purpose vehicles, down 63%.
The number of completely knocked down (CKD) vehicles hit 91,159, down 34% year-on-year; and that of completely-built-up (CBU) units fell 25% to 70,855.
Mitsubishi Xpander is the best-selling vehicle in Vietnam in January-July. Photo courtesy of Mitsubishi.
In July, vehicles sales reached 24,687 units, down 18% year-on-year. The figure included 19,221 passenger cars, 5,318 commercial vehicles, and 148 special-purpose vehicles. The number of CKD units was 13,575 and that of CBU was 11,112.
Outside of VAMA, VinFast, the automaker arm of Vietnam’s largest private conglomerate Vingroup, delivered 3,042 electric vehicles to the market in July, the firm said. VinFast’s January-July sales of 14,680 units included 6,253 VF e34; 4,998 VF 8; 1,977 VF 5 Plus; and 1,452 VF 9.
Hyundai reported sales of 32,046 units in January-July, according to a report by TC Group, the manufacturer and official retailer of Hyundai vehicles in Vietnam. Its July figure was 4,035.
As a result, Hyundai was the best-selling brand in Vietnam in the first seven months of this year. Other top names were Toyota with 30,450; Ford with 20,573; Mitsubishi with 16,365; and Honda with 11,085.
Vietnamese conglomerate Thaco, known for manufacturing and selling vehicles like KIA, Mazda, Peugeot, BMW, and its own Thaco trucks and buses, recorded total sales of 50,035 in the period. It included 17,224 Mazda and 20,811 KIA units.
Regarding models, Mitsubishi Xpander, a seven-seater multi-purpose vehicle (MPV), topped the July sales chart with 2,586 units; followed by Mazda CX-5 with 1,665; and Hyundai Accent with 1,375. Two electric vehicles in the list were VinFast VF e34 with 1,181 and VinFast VF 5 Plus with 1,000.
In January-July, the best-selling models were Mitsubishi Xpander with 10,568; Hyundai Accent with 8,827; and Ford Ranger with 8,775.
- Related News
- Read More
Keppel files arbitration against partners in $1.2 bln southern Vietnam project
Singapore conglomerate Keppel Ltd. has initiated arbitration proceedings against three partners in a $1.2 billion residential and mixed-use urban project in Vietnam’s southern metropolis hub of Ho Chi Minh City.
Real Estate - Wed, April 29, 2026 | 9:54 pm GMT+7
Vietnam to secure 4 mln oil barrels from Japan's Idemitsu
Japanese petroleum giant Idemitsu Kosan will provide Vietnam with about four million barrels of crude oil procured through routes that do not transit the Strait of Hormuz, Nikkei reported on Monday.
Industries - Wed, April 29, 2026 | 4:04 pm GMT+7
Central Vietnam hub Danang approves land lease for $200 mln AI-ready data center project
The Danang People's Committee has approved a land lease to MCB Decenter Co. Ltd. for the AIDC Decenter data center project, covering 10,000 square meters at the Danang Hi-Tech Park in Lien Chieu ward.
Companies - Wed, April 29, 2026 | 3:45 pm GMT+7
Vietnam corporate bond flows concentrate among large corporations
Vietnam’s private corporate bond market has shown signs of recovery in the first four months of 2026, led by real estate issuers, though capital flows remain heavily concentrated among a handful of large corporations.
Finance - Wed, April 29, 2026 | 2:55 pm GMT+7
Previously invested projects will refill cash flow for Vietnam major builder CII’s next growth leg: CEO
Le Quoc Binh, CEO of Ho Chi Minh City Infrastructure Investment JSC (HoSE: CII), likened the company to a marathon runner that cannot keep running nonstop and at times must stop for “water,” recover strength and continue, with that “source of water” coming from property projects the company has already invested in.
Companies - Wed, April 29, 2026 | 1:22 pm GMT+7
Vietnam approves southern industrial hub Dong Nai as seventh centrally-governed city
The National Assembly, Vietnam's legislative body, has approved a resolution to establish Dong Nai as a centrally-governed city, making it the country’s seventh such municipality.
Economy - Wed, April 29, 2026 | 9:46 am GMT+7
Vietnam food giant Kido’s stock plunges to 6-year low amid profit warning, market pressure
KDC shares of Kido Group, a leading food company in Vietnam, on Tuesday fell sharply to its lowest level in six years, at around VND41,600 ($1.58) apiece, from roughly VND50,000 earlier this month.
Companies - Wed, April 29, 2026 | 8:17 am GMT+7
Central Vietnam province Gia Lai to have 600MW pumped storage hydropower plant
Gia Lai province is accelerating procedures to begin construction of the 600-megawatt Vinh Thanh pumped storage hydropower project, with a total investment of nearly VND11 trillion ($417.49 million).
Energy - Tue, April 28, 2026 | 10:07 pm GMT+7
Construction major Coteccons's profit doubles on strong revenue growth, backlog hits record high
Coteccons (HoSE: CTD), Vietnam's leading construction firm, reported a sharp rise in profit for the third quarter of its 2025-2026 fiscal year, driven by strong construction revenue, even as borrowing costs and operating expenses climbed.
Companies - Tue, April 28, 2026 | 7:03 pm GMT+7
Vietnam aims to become one of world’s top 30 economies by 2030
The National Assembly, Vietnam's legislature, has approved the socio-economic development plan for the 2026-2030 period, targeting an average GDP growth rate of at least 10% per year and per capita income reaching around $8,500 by 2030.
Economy - Tue, April 28, 2026 | 6:41 pm GMT+7
Eximbank posts Q1 profit of $13 mln, down 60% year-on-year
Vietnamese private lender Eximbank reported Q1 pre-tax profit of VND338 billion ($12.83 million), down 60% from a year earlier.
Banking - Tue, April 28, 2026 | 3:19 pm GMT+7
GE Vernova says in talks with customers amid LNG-to-renewables shift considerations
U.S. energy giant GE Vernova has been in discussion with customers following reports that at least one partner in Vietnam is reassessing plans to shift from LNG-fired power to renewable energy.
Energy - Tue, April 28, 2026 | 2:17 pm GMT+7
Vinhomes unveils mega urban area project near northern Vietnam’s world heritage bay
Vinhomes, the real estate arm of Vietnam’s conglomerate Vingroup, has debuted its 6,200-hectare urban area project located by the side of the UNESCO-recognized world natural heritage site of Ha Long Bay in Quang Ninh province.
Infrastructure - Tue, April 28, 2026 | 11:47 am GMT+7
Central Vietnam hub Danang deepens cooperation with Maersk on Lien Chieu port, logistics
Danang is stepping up cooperation with A.P. Moller-Maersk to accelerate the development of its Lien Chieu port and expand logistics capabilities, as the central Vietnam city seeks to strengthen its role in regional supply chains.
Infrastructure - Tue, April 28, 2026 | 8:00 am GMT+7
Sun Group starts work on Phan Thiet airport project in central Vietnam
Vietnamese private conglomerate Sun Group on Monday broke ground on the civil aviation component of Phan Thiet Airport in Lam Dong, marking an infrastructure boost for the central province.
Infrastructure - Mon, April 27, 2026 | 11:53 pm GMT+7
HCMC okays projects totalling $1.23 bln at flagship hi-tech park
Ho Chi Minh City authorities have granted investment registration certificates for four high-tech projects worth a combined $1.23 billion at the city's flagship innovation hub, reinforcing its position as a leading destination for digital and green economy investments.
Industries - Mon, April 27, 2026 | 5:47 pm GMT+7
