Hyundai leads in automobile sales in Vietnam last year - Illustrative image (Photo: topgear.com)
Hanoi (VNA) - Sales by members of the Vietnam AutomobileManufacturers’ Association (VAMA) fell 8 percent last year, to 296,634 units.
In December alone, 47,865 units were sold, up 31.6 percent month-on-month.Of these, 36,856 were passenger cars, up 28 percent; 10,673 were commercial vehicles,up 50 percent; and 336 were special-use vehicles, down 30 percent.
Sales of domestically-assembledvehicles stood at 29,382, up 25 percent, while 18,483 were imported cars, a month-on-monthincrease of 44 percent.
Analysts said the figures do not reflect overall consumption in the domestic automobilemarket as they exclude sales by manufacturers that are VAMA members, such asAudi, Jaguar, Land Rover, Mercedes-Benz, Subaru, Volkswagen, and Volvo.
The combined sales of TC Motor and VinFast, which are not VAMA members, reached 110,853units during the year. Combining the figures of VAMA, TC Motor and VinFast, 407,487 units were sold on the domestic market last year.
With 81,368 units sold, Hyundai from the Republic of Korea was the best-sellingbrand in Vietnam in 2020, followed by Toyota with 70,692, Kia 39,180, Mazda 32,224,VinFast 29,485, Mitsubishi 28,954, Ford 24,663, and Honda 24,418.
Analyst Nguyen Tuan from the Thie🌸n Phuc An company said many carmakersmay extend their policy of cutting registration fees by 50 percent to maintain sales./.
TC Motor has said that it will halt vehicle production in the northern province of Ninh Binh from April 1 to 15 over concerns of the COVID-19 pandemic.
The Thanh Cong Group and Hyundai Motor on May 12 presented 10 ambulances worth 10 billion VND (429,000 USD) to medical clinics on the frontlines of the COVID-19 fight.
The Huyndai Vietnam Shipbuilding Co.Ltd based in the central province of Khanh Hoa built and handed over 119 oil carriers weighing 35,000 – 87,000 tonnes to clients, earning a revenue of nearly 4 billion USD since 2008.
Customers have scrambled to buy automobiles before the end of 2020 to enjoy the 50 percent reduction in registration fees, making the auto market more robust as compared to the situation at the outset of the year.
Sales of automobiles in November went up 9 percent against the previous month to 36,359 vehicles, according to Vietnam Automobile Manufacturers’ Association (VAMA) said on December 10.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Hyundai leads in automobile sales in Vietnam last year - Illustrative image (Photo: topgear.com) 
