Auto sales in Vietnam fall 32% in Jan-Jun, Toyota Vios best seller in Jun

By Tri Duc
Fri, July 14, 2023 | 11:33 am GMT+7

Vehicles sales by members of the Vietnam Automobile Manufacturers' Association (VAMA), which does not include VinFast and Hyundai, dropped 32% year-on-year to 137,327 in the first half of this year.

They included 100,277 passenger cars, down 37% year-on-year; 35,851 commercial vehicles, down 11%; and 1,199 special-purpose vehicles, down 65%.

The number of completely knocked down (CKD) vehicles hit 77,584, down 37% year-on-year; and that of completely-built-up (CBU) units fell 25% to 59,743.

The Toyota Vios was the best-selling vehicle in Vietnam in June. Photo courtesy of Toyota.

The Toyota Vios was the best-selling vehicle in Vietnam in June. Photo courtesy of Toyota.

In June, VAMA’s vehicle sales decreased 5% year-on-year to 23,800. The figure was up 15% versus the previous month. They included 17,334 passenger cars, 6,344 commercial vehicles, and 122 special-purpose vehicles.

Outside of VAMA, VinFast delivered 3,155 electric vehicles in June, including 609 VF 5 Plus, 1,007 VF e34, 1,184 VF 8, and 355 VF 9.

The Vietnamese electric vehicle start-up, under the Vingroup ecosystem, provided 11,638 units in the first six months of this year. VF e34 topped the chart with 5,072 units, followed by VF 8 with 4,555; VF 9 with 1,034; and VF 5 Plus with 977.

Hyundai reported sales of 28,011 units in January-June, up 62% year-on-year, according to a report by TC Group, the manufacturer and official retailer of Hyundai vehicles in Vietnam. Its June figure was 5,108, up 42.9% from April.

As a result, Hyundai was the best-selling brand in the first half of 2023 in Vietnam. Other top names were Toyota with 26,637, Ford (17,423), KIA (17,241), Mazda (14,089), Mitsubishi (12,847), and Honda (9,488).

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 41,607 in the period.

chart-173325.jpg

Regarding models, the Toyota Vios, a sedan, climbed to the top spot for June sales with 1,949 units. VF 8, the best-selling model in May, dropped to sixth place with 1,184. Other best-selling models in June were the Ford Ranger with 1,585; Hyundai Accent (1,539); Mitsubishi Xpander (1,283); and Mazda CX-5 (1,246).

Top of the chart for January-June were the Mitsubishi Xpander with 7,982; Ford Ranger (7,600); Hyundai Accent (7,452); Toyota Corolla Cross (6,341); and Toyota Vios (5,425).

Comments (0)
  • Read More
Malaysia, S Korea resume FTA talks

Malaysia, S Korea resume FTA talks

Malaysia and South Korea are set to hold their seventh round of negotiations for a bilateral free trade agreement (FTA) as they look to expand their trade portfolio and strengthen cooperation, according to the latter's Ministry of Trade, Industry and Energy.

Southeast Asia - Mon, February 17, 2025 | 5:23 pm GMT+7

Indonesia to launch new sovereign wealth fund this month

Indonesia to launch new sovereign wealth fund this month

Indonesia will launch a new sovereign wealth fund called Danantara this month, with an initial capital of around $20 billion.

Southeast Asia - Mon, February 17, 2025 | 5:19 pm GMT+7

Singapore's Billion Union builds $70 mln fabric factory in Vietnam

Singapore's Billion Union builds $70 mln fabric factory in Vietnam

Hong Kong-invested Thanh Hoa Billion Union Textile kicked off the construction of a $70 million factory in Vietnam’s central province of Thanh Hoa on Monday.

Industries - Mon, February 17, 2025 | 5:04 pm GMT+7

Vietnam’s construction ministry plans real estate exchanges for improved transparency

Vietnam’s construction ministry plans real estate exchanges for improved transparency

The Vietnamese Ministry of Construction is advancing a plan to establish real estate exchanges, similar to the stock market, in a bid to enhance transparency and efficiency in property transactions.

Real Estate - Mon, February 17, 2025 | 4:57 pm GMT+7

Vietnam plans to increase electricity imports from China, Laos by 2030

Vietnam plans to increase electricity imports from China, Laos by 2030

The Vietnamese Ministry of Industry and Trade (MoIT) aims to raise electricity imports from China and Laos by 3,000 MW and 2,500 MW by 2030, over 5 times and nearly 1.6 times higher than those stated in the current Power Development Plan VIII (PDP VIII), respectively.

Energy - Mon, February 17, 2025 | 4:14 pm GMT+7

Vietnam urges Turkish contractor to speed up mega Long Thanh airport's terminal construction

Vietnam urges Turkish contractor to speed up mega Long Thanh airport's terminal construction

Türkiye-based IC ICTAS, the lead contractor of the passenger terminal within the under-construction Long Thanh International Airport, should speed up the construction of the package, said Vietnamese Deputy Prime Minister Tran Hong Ha.

Infrastructure - Mon, February 17, 2025 | 3:27 pm GMT+7

Vietnam tech giant FPT to provide high-quality AI human resources

Vietnam tech giant FPT to provide high-quality AI human resources

With the groundbreaking of an inter-level school on Sunday, FPT Corporation is completing its education system from elementary to university levels in the south-central province of Binh Dinh, to provide high-quality human resources, particularly in AI.

Companies - Mon, February 17, 2025 | 11:32 am GMT+7

Japan pneumatics firm SMC to start $330 mln Vietnam expansion from July

Japan pneumatics firm SMC to start $330 mln Vietnam expansion from July

SMC Manufacturing Vietnam, under Japanese pneumatic instrument producer SMC, aims to start its $330 million expansion in Vietnam from July.

Industries - Mon, February 17, 2025 | 10:47 am GMT+7

Institutional breakthroughs to provide solid foundation for heightened business confidence: economists

Institutional breakthroughs to provide solid foundation for heightened business confidence: economists

At a meeting of the National Assembly's Economic Committee in early February, the government proposed the 2025 GDP growth be "8% or more", instead of 6.5-7% set last November. The Investor introduces opinions of some leading Vietnamese economists on this proposed target.

Economy - Mon, February 17, 2025 | 8:02 am GMT+7

Vietnam consumer credit enters new growth cycle

Vietnam consumer credit enters new growth cycle

After the decrease in consumer capital demand, negative growth, and peaking bad debts in 2023, Vietnam’s consumer financial market is entering a new growth cycle, backed by positive signs from the macroeconomic environment.

Finance - Sun, February 16, 2025 | 3:19 pm GMT+7

Vietnam property investors seek new opportunities in provincial markets

Vietnam property investors seek new opportunities in provincial markets

Real estate investors in Vietnam, both individuals and organizations, are shifting their investments from city centers to suburban regions and neighboring provinces where land remains abundant and significant investments are being made in infrastructure, particularly in transportation.

Real Estate - Sun, February 16, 2025 | 2:00 pm GMT+7

Five Vietnam pilgrimage destinations perfect for spiritual seekers: Booking.com

Five Vietnam pilgrimage destinations perfect for spiritual seekers: Booking.com

Booking.com, the world's leading digital travel company, has suggested some destinations in Vietnam for those seeking spiritual enrichment and a chance for reflection and connection, including Ba Den mountain and Bai Dinh pagoda.

Travel - Sun, February 16, 2025 | 10:59 am GMT+7

Malaysia takes the lead in data center development

Malaysia takes the lead in data center development

Malaysia is making efforts to align with the global trend towards digitalization, which is driving demand for data centers, cloud computing, blockchain, and artificial intelligence (AI).

Southeast Asia - Sun, February 16, 2025 | 10:57 am GMT+7

WB sees Thai fiscal risks mounting due to spending surge

WB sees Thai fiscal risks mounting due to spending surge

Thailand’s pursuit of an expansionary fiscal policy strategy to propel growth faces the risk of rising costs for elderly care, investment and the need to keep public debt level to sustainable levels, according to the World Bank.

Southeast Asia - Sun, February 16, 2025 | 10:41 am GMT+7

Vietnam mining stocks rally amid global trade tension

Vietnam mining stocks rally amid global trade tension

Shares of Vietnam’s mining companies have rallied since early this month, fueled by heightened global trade tensions following the start of Donald Trump’s second term as the U.S. president.

Finance - Sun, February 16, 2025 | 10:36 am GMT+7

Online purchase below VND2 mln may be exempt from Vietnam import tax

Online purchase below VND2 mln may be exempt from Vietnam import tax

The Vietnamese Ministry of Finance has proposed exempting goods purchased through e-commerce platforms worth no more than VND2 million ($78) from import tariff, with an annual purchase limit of VND96 million ($3,781).

Finance - Sun, February 16, 2025 | 8:00 am GMT+7