Toyota production in Vietnam falls 35% to 11,500 in Apr-Sep

By Tri Duc
Tue, November 7, 2023 | 11:42 am GMT+7

Toyota production in Vietnam fell 34.7% year-on-year to 11,505 units in April-September 2023, or the first half of fiscal year 2024, according to a report by the Japanese automobile giant.

As a result, Vietnam accounted for 0.23% of Toyota’s global production of 5.06 million vehicles in the period. Vietnam’s reduced production went against Toyota’s global production growth of 12.8% and Asia (excluding Japan)’s growth of 1.8%.

Production at Toyota factory in Vinh Phuc province, northern Vietnam. Photo courtesy of Vinh Phuc newspaper.

Production at Toyota factory in Vinh Phuc province, northern Vietnam. Photo courtesy of Vinh Phuc newspaper.

In the six-month period, Japan was Toyota’s biggest production hub with 1.69 million units, up 31.5% year-on-year. Outside its homeland, Toyota’s biggest production bases were China with 886,623, down 7.3%; the U.S. with 630,876, up 7.9%; Thailand with 297,317, down 2.2%; and Canada with 266,547, up 14.4%.

Toyota attributed the reduced output in China to the intensifying competition and compliance with China’s new VI-b emission standards. Meanwhile, production in the U.S. increased thanks to solid demand.

Regarding production in January-September, Toyota said the figure for Vietnam was 16,318, down 35.4% year-on-year. Meanwhile, the global figure was up 7.4%, with Japan as the biggest contributor with 2.5 million units, China with 1.26 million, the U.S. with 902,545, and Thailand with 475,949.

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Toyota noted its global sales figure in April-September 2023 was 5.17 million, up 9.1% year-on-year. The most sales were in the U.S. with 1.16 million, China with 1 million, and Japan with 790,168. Vietnam’s figure was 25,857, down 44.2%

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