Vietnam auto sales up 1% to 163,804 units in Jan-Jul, after slumps in 2023, H1/2024
Members of the Vietnam Automobile Manufacturers' Association (VAMA), not including VinFast and Hyundai, sold 163,804 units in the first seven months of 2024, up 1% year-on-year.
The figure is an improvement after a long slump. The automobile market dropped 25% to 301,989 units in 2023 and inched down 2% to 134,884 in the first half of 2024, year-on-year. The market grew 33% to 404,635 in 2022.
However, the 163,804 units of January-July 2024 was still a long way off the 232,094 recorded in the same period of 2022.
In the first seven months of 2024, the auto sales included 120,143 passenger cars, up 1% year-on-year; 42,298 commercial vehicles, up 3%; and 1,363 special-purpose vehicles, down 1%.
The number of completely knocked down (CKD) vehicles sold was 81,637, down 12% year-on-year; and that of completely-built-up (CBU) units was 82,167, a 19% growth.
July sales of 28,920 vehicles – 22,848 passenger cars, 5,857 commercial vehicles, and 215 special-purpose vehicles – was up 17% year-on-year and up 9% from the previous month. The numbers of CKD and CBU units sold in the month were 13,788 and 15,132, respectively.
Outside VAMA, Hyundai sold 29,710 units in the seven-month period, according to a report by TC Group, manufacturer and official retailer of the South Korean brand’s vehicles in Vietnam. Its July sales figure was 5,329 units, up 5.6% from one month ago.
As a result, Hyundai was the best-selling brand in Vietnam in the seven months, followed by Toyota (28,816), Ford (20,801), Mitsubishi (18,457), KIA (16,686), Mazda (15,182), and Honda (12,887).
Vietnamese conglomerate Thaco, which manufactures and sells KIA, Mazda, Peugeot and BMW vehicles apart from its own Thaco trucks and buses, recorded total sales of 44,237 units in the period.

A Mitsubishi Xforce. Photo courtesy of Mitsubishi Motors Vietnam.
Mitsubishi Xforce, a five-seater SUV, topped the July sales chart with 1,748 units; followed by Toyota Vios, a B-class sedan, with 1,745; and Xpander, a multi-purpose vehicle (MPV), with 1,492.
Mitsubishi Xpander topped the January-July sales chart with 9,265 units; followed by Ford Ranger, a pickup truck, with 9,019; Mazda CX-5, sport utility vehicle (SUV), with 6,314; and Hyundai Accent, a five-seater sedan, with 5,973.
- Read More
Vietnam prioritizes smart, green seaport projects: Deputy PM
Vietnam encourages smart and green seaport investments, as technical barriers related to CO2 emissions and CO2 taxes begin to be tightened up globally.
Infrastructure - Wed, May 28, 2025 | 10:07 pm GMT+7
New Zealand, Vietnam expand timber trade partnership
New Zealand Forestry and Trade Minister Todd McClay on Tuesday unveiled a new bilateral agreement with Vietnam designed to boost timber exports and remove potential trade barriers in the two countries' forestry sectors.
Companies - Wed, May 28, 2025 | 8:53 pm GMT+7
Norway vows to support Vietnam's energy transition
Norway is committed to supporting Vietnam’s energy transition, Norwegian Ambassador to Vietnam Hilde Solbakken said at a technical seminar held in Hanoi on Wednesday.
Companies - Wed, May 28, 2025 | 8:49 pm GMT+7
Thailand expected to become regional luxury retail hub
Thailand's luxury retail market is valued at $4.4 billion and projected to grow by approximately 5% annually through 2028, placing the country at the forefront of luxury retail in Southeast Asia and seventh in Asia-Pacific, according to property consultant CBRE Thailand.
Southeast Asia - Wed, May 28, 2025 | 8:44 pm GMT+7
Indonesia affirms role as leading global maritime hub
The Indonesia Maritime Expo, held as part of Indonesia Maritime Week 2025 on May 26-28, is the first large-scale maritime event in the country, aiming to affirm its role as a global maritime hub and promote the sustainable development of the region’s maritime industry.
Southeast Asia - Wed, May 28, 2025 | 8:41 pm GMT+7
Vietnam benchmark VN-Index hits 3-year high
The VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), recorded a four-day gaining streak on Wednesday, rising 2.06 points, or 0.15%, to 1,341.87 points - the highest since May 2022.
Finance - Wed, May 28, 2025 | 6:37 pm GMT+7
HSBC launches sustainability improvement loan in Vietnam
HSBC has introduced its Sustainability Improvement Loan, a new financing solution tailored for businesses with annual turnover less than $550 million, in Vietnam, after launching it in 12 markets including the UK, Middle East, Hong Kong and Singapore last year.
Banking - Wed, May 28, 2025 | 6:15 pm GMT+7
CMA CGM, Saigon Newport to jointly develop deep-sea terminal in northern Vietnam
France's CMA CGM Group, a global player in sea, land, air, and logistics solutions, has signed a partnership agreement with Vietnam's Saigon Newport Corporation (SNP) to develop a deep-water terminal in Hai Phong city, northern Vietnam.
Infrastructure - Wed, May 28, 2025 | 5:01 pm GMT+7
Japan’s chipmaker Rapidus pledges semiconductor workforce training for Vietnam
Rapidus Corporation, a semiconductor manufacturer of Japan, has affirmed its readiness to train semiconductor workforce for Vietnam.
Economy - Wed, May 28, 2025 | 3:21 pm GMT+7
Corporate leaders offer insight into Vietnam's social housing investment landscape
Corporate leaders explained why they are reluctant to invest in social housing, despite the enormous demand in Vietnam, and recommended solutions. Kim Ngan reports.
Real Estate - Wed, May 28, 2025 | 2:49 pm GMT+7
France’s pharma giant Sanofi to transfer vaccine production tech to VNVC factory in southern Vietnam
Sanofi will transfer vaccine production technology to a Long An province-based factory of Vietnam Vaccine Joint Stock Company (VNVC), whose construction began on Tuesday.
Companies - Wed, May 28, 2025 | 11:54 am GMT+7
Telco giant Viettel, S Korea’s KT partner to boost AI transformation in Vietnam
Vietnam’s military-run telecom heavyweight Viettel has signed a strategic partnership agreement with KT, formerly known as Korea Telecom, to advance AI transformation (AX) in the Southeast Asian nation.
Companies - Wed, May 28, 2025 | 9:21 am GMT+7
Japanese companies should be 'early-bird investors' in Vietnam’s semiconductor industry
Vietnam’s Deputy Prime Minister Nguyen Chi Dung has urged Japanese companies, particularly Kioxia Corporation, to take advantage of current opportunities and invest early in Vietnam’s emerging semiconductor industry.
Industries - Tue, May 27, 2025 | 10:03 pm GMT+7
French firms should invest more in renewable energy, infrastructure, agriculture: Vietnam's Deputy PM
French companies should enhance their business ties with Vietnam in the fields of high technology, sustainable development, renewable energy, infrastructure, transportation, and agriculture, says Deputy Prime Minister Ho Duc Phoc.
Investing - Tue, May 27, 2025 | 9:39 pm GMT+7
S Korean chipmaker Hana Micron to cut capacity at northern Vietnam plant on order shortage
South Korean semiconductor player Hana Micron Vina Co. plans to reduce the initial capacity of its plant in Vietnam’s northern province of Bac Ninh by one-third due to a lack of orders.
Industries - Tue, May 27, 2025 | 4:55 pm GMT+7
S Korean energy giant LS looks to invest in high-potential rare earth mines in Vietnam
LS Eco Energy, a subsidiary of South Korea’s cable and energy giant LS Cable & System, is seeking to invest in high-potential rare earth mines in Vietnam following legal issues involving its local partner.
Industries - Tue, May 27, 2025 | 4:35 pm GMT+7