Vietnam’s year-to-date tally for new vehicles sales surpassed the 500,000-unit mark in November, driven by steady demand and strong contributions from local EV brand VinFast.
GENERAL SALES
Data from Vietnam Automobile Manufacturers Association (VAMA) and Hyundai revealed that new car sales in Vietnam reached 44,801 for November. When including local brand VinFast, the monthly sales tally reached 67,987.
The year-to-date tally without VinFast reached 375,184 units, 2.1 per cent higher year-over-year (YoY). Including VinFast, the YTD tally breached the 500,000 unit-mark with 522,634 new cars delivered in 2025.
Among VAMA members, passenger car sales rose 5 per cent while commercial vehicle sales increased slightly by 1 per cent. Special purpose vehicles (SPV) on the other hand declined slightly by 3 per cent while hybrid vehicle sales amounted to 1,340 units sold. The YTD tally for hybrid vehicles reached 12,522 units sold so far, 49 per cent higher than last year.
For the ninth consecutive month imported vehicle sales outperformed domestically assembled vehicles. Domestic vehicle sales grew by 7 per cent with 18,370 units sold, while imported vehicle sales reached 20,968 units in November.
BRAND PERFORMANCE
Among locally assembled VAMA-member brands, Toyota retained its number 1 spot with 7,731 units sold. It currently holds 19.7 per cent of the market but has declined by 11.1 per cent YoY.
Ford followed with 5,446 units sold for the month. The American carmaker acquired 13.8 per cent of the market, also declining by 2.6 per cent YoY.
Mitsubishi sold 5,056 vehicles and acquired 12.9 market share for the month of November. Unlike Toyota and Ford, Mitsubishi saw no improvement or decline compared to November last year.
Honda placed fourth, selling 3,986 units for the month. It acquired 10.1 per cent of the market share, similar to its 10.5 per cent market share last year. However, Honda’s sales declined by 14 per cent YoY.
Thaco brands Mazda, Kia, and Truck followed respectively. Thaco Mazda sold 3,199 units last month, falling 29.7 per cent YoY. Meanwhile, Thaco Kia sold 2,861 units with 7.3 per cent market share and falling 46 per cent YoY. Lastly, Thaco Truck sold exactly 2,200 units and acquired 5.6 per cent market share. Thaco Truck sales rose by 13.4 per cent YoY.
Isuzu placed eighth with 1,071 units for November, acquiring 3.1 per cent market share. Its sales declined by a staggering 20.9 per cent. Suzuki’s growth fared only slightly better than Isuzu but placed ninth, with 660 units sold in November.
Lastly, though Hino sold barely 400 units, its sales grew by 222 per cent YoY. While the brand only acquired 1 per cent market share, its performance in November is marginally better than the same month last year.
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