Hanoi (VNA) – Vietnam’s automotive market experienced robust growth in February, with VinFast leading sales, according to the Vietnam Automobile Manufacturers Association (VAMA).
VAMA members sold 21,606 vehicles last month, marking a 14% increase from January and an 86% rise compared to the same month last year. Passenger vehicles led the market, with 14,549 units sold, a 2.5% increase from January. Commercial vehicles followed, with 6,775 units sold—up 56% due to the surge in demand after the Lunar New Year holiday for transportation and business operations. Special-purpose vehicles, however, saw a 17% decline, with only 282 units sold.
The domestically assembled segment performed well, with 11,067 units sold—up 21%, signaling a recovery in local production. Imported vehicles reached 10,539 units, an 8% increase from the previous month.
In the first two months of 2025, VAMA members sold 40,499 vehicles, a 31% increase year-on-year.
In addition to VAMA’s data, brands including Audi, BYD, Jaguar Land Rover, Mercedes-Benz, Nissan, Omoda & Jaecoo, Subaru, Volkswagen, and Volvo also contributed to the market, though they did not disclose their sales figures.
VinFast led the market in February with over 12,500 vehicles sold, up 25% from January, driven by increasing consumer interest in electric vehicles and the company’s strong after-sales services.
Experts predict continued market expansion, fueled by new model launches and government incentives for eco-friendly vehicles, such as the 100% registration fee waiver for electric cars.
Demand for fuel-efficient vehicles is also rising, with sales of hybrid and electric cars growing from 205 units in February 2024 to 756 units last month.
With this momentum, 2025 is expected to be a breakthrough year for Vietnam’s automotive industry, particularly in the electric and eco-friendly vehicle segments./.
