China's automotive group Geely Auto Group and Vietnam’s Tasco JSC have begun a campaign to launch the urban SUV Geely Coolray in the Vietnamese market, marking the beginning of their US$168 million joint venture.

VOV.VN - Vietnamese car maker VinFast has announced that it delivered over 20,000 electric vehicles (EVs) in December 2024, reinforcing its leading position in the Vietnamese automobile market.

VOV.VN - Vietnamese electric vehicle (EV) maker VinFast unveiled that it delivered more than 11,000 electric vehicles (EV) of all kinds to customers in October, raising the total number of EV deliveries to more than 51,000 units during the 10-month period to secure its place as the best-selling car brand in the Vietnamese automobile market.

VOV.VN - VinFast, the electric vehicle (EV) maker of Vietnamese conglomerate Vingroup, announced on October 11 that it delivered more than 9,300 cars to customers in September, meaning that it rose to the leading position in the Vietnamese automobile market in September.

Vietnam’s automobile market is expected to bounce back in the last months of 2024 if a proposal to cut registration fees by half for domestically manufactured and assembled cars is approved.

The Vietnamese car market is experiencing significant transformations with the entry of Chinese brands, according to motoring experts.

The Vietnamese automobile market saw a remarkable breakthrough in its total sales in March, after several months of declines.

Domestic automobile market is currently facing a situation of high supply and low demand. This has resulted in a decline in sales and an excess of inventory for carmakers.

The Vietnamese automobile market witnessed a significant sales decline in the first month of 2024, yet businesses and experts forecast that the market may see a breakthrough in the second half of the year.

The decline in domestic automobile consumption and its drop to fifth place in Southeast Asia can be attributed to both external and internal factors, according to industry insiders.