The Vietnam Automobile Manufacturers Association (VAMA) on June 11 reported its members’ total sales of 29,210 vehicles in May, marking a modest 1% decline from April but a robust 13% increase compared to the same month last year.

The Vietnam Automobile Manufacturers’ Association (VAMA) said on May 13 that its members reported sales of 29,585 units in April, down 7% month-on-month but up 21% year-on-year.

The Ministry of Industry and Trade has forecast that Vietnam's automobile market could grow by approximately 12% in 2025, with sales expected to reach 600,000 units.

With Chinese brands rapidly expanding in the Vietnamese market, experts are calling for protective policies to safeguard local manufacturers and ensure the country’s long-term industrial growth.

VOV.VN - The 17th International Exhibition on Automobile, Transportation and Supporting Industries (Vietnam AutoExpo 2024) will be held from June 13 to June 16 at the Hanoi International Center for Exhibition.

The domestic automobile market has faced both opportunities and challenges in the year 2023. Car experts believe that 2023 is a crucial year for Vietnam to establish itself as an emerging market in the auto industry, with hopes of achieving this status in 2024.

VOV.VN - Vietnamese domestic motorcycle production is estimated at around 3 million units per year, while Thailand has set a target of reaching motorcycle production capacity of 2.1 million units in 2023.

VOV.VN - The import of completely-built automobiles (CBUs) saw an upward trend in June, after dropping up to 40% in the previous month, according to the latest preliminary statistics of the General Department of Customs.

VOV.VN - The nation spent more than US$314 million on importing 14,500 completely built-up (CBU) cars of all kinds in January, marking a steep rise of 219% in volume and nearly 150% in value on-year, according to statistics from the General Department of Vietnam Customs.

While normally a positive time for car sales, this year the domestic automobile market is seeing gloomy days as Tet approaches, according to local car experts.