Data released by the Vietnam Automobile Manufacturers’ Association (VAMA) revealed that its members sold just short of 20,000 vehicles in February.
General overview
Vietnam’s car market initially started the new year with strong sales in January but suddenly stalled the following month. Collectively, VAMA members sold 19,278 vehicles in February 2026, down 48 per cent compared to the previous month and 10.8 per cent year-on-year (YoY). This sudden stall can be attributed fewer working days due to the Lunar New Year holiday period, which lasted for five days in February.
The breakdown of VAMA members’ overall sales is as follows:
- 12,376 or 64 per cent passenger vehicles
- 6,542 or 34 per cent commercial vehicles
- 360 or 2 per cent special purpose vehicles (SPV)
Completely knocked down (CKD) comprised 48 per cent of total sales with 9,220 units sold, down 49 per cent from January. Similarly, sales of completely built-up (CBU) or imported vehicles also declined by 47 per cent, at 10,058 units sold. Combined with data from January, these figures reveal that Vietnamese consumers are regaining their preference for imported vehicles.
Despite the February slowdown, strong sales in January lifted Vietnam’s year-to-date tally to 46,153 units, up 49 per cent YoY.
Sales by brand
Non-VAMA member and homegrown company VinFast delivered 9,903 units last month. So far, the EV maker sold 26,075 units in 2026 and acquired 27.4 per cent share of the overall market. The domestic brand also took the top 5 spots in Vietnam’s sales ranking by models.
VinFast’s strong sales in February were largely driven by its VF 3 model, which comprised nearly 30 per cent of total deliveries at 2,274 units. The Limo Green is the second most-popular model, with deliveries of 1,808 units. The VF 5 followed closely behind with 1,601 units delivered and VF 6 trailing behind with 1,042 deliveries.
February also marked the VF MPV 7’s first month since launch with 1,165 delivered .
So far in 2026, VinFast has sold 26,075 units, rising 14 per cent YoY.
Fellow non-VAMA member Hyundai reported deliveries of 3,080 units last month, rising slightly by 1.09 per cent YoY. Its YTD tally reached 8,952 units, 47 per cent higher YoY.
Among VAMA members, Toyota reclaimed its no.1 spot, selling 3,890 units and acquiring 20.2 market share. The Japanese auto giant’s sales rose by 24.9 per cent YoY. Its YTD tally reached 8,742 units, increasing by 35.3 per cent compared to the same period last year.
Ford dropped back to second place with 2,473 units sold and 12.8 per cent market share acquired. Its sales declined by 10.3 per cent YoY, but its market share remains the same. The American manufacturer sold 7,594 vehicles so far, 45.8 per cent more than January to February of last year.
Selling 1,790 vehicles last month, Thaco Mazda claimed third place. It acquired 9.3 per cent market share but its sales performance declined by 9.4 per cent YoY. Its sales for 2026 amounted to 5,305 units so far, 32.4 per cent higher YoY.
Mitsubishi performed similarly with 1,784 units sold and placed fourth among the top 10. It also acquired 9.3 per cent of the market, however, its sales performance for February declined slightly by 0.4 per cent. The Japanese carmaker performed better in YTD sales compared to Thaco Mazda, with 6,823 units sold so far. Its YTD performance increased by a leap of 94.5 per cent YoY.
Finally, Thaco Kia claimed fifth place with sales of 1,740 units in February 2026. The Korean automaker took 9 per cent of VAMA’s car market share with sales dropping by 14.4 per cent. Thaco Kia’s overall sales for 2026 reached 5,227 units, climbing 34.8 per cent from last year.
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