Chinese electric cars are returning Vietnam under a strategy to enter the market as affordable vehicles built with the latest in technology.

The market for used cars in 2025 is expected to experience headwinds amid rising sales of new cars and electric vehicles (EVs), according to experts.

VOV.VN - On January 30 afternoon (the second day of the Lunar New Year or Tet), a 61-year-old woman driving a seven-seater car lost control, causing the vehicle to plunge into a river in Nam Dinh City, resulting in seven fatalities and two injuries.

VOV.VN - Ho Chi Minh City has officially approved an extension for Mercedes-Benz Vietnam Co. Ltd.’s investment project for another five years, reported Tuoi Tre newswire.

Kim Long Motor Hue Joint Stock Company and Changan Automobile Group (China) on January 14 signed a cooperation agreement to build a passenger car factory at an industrial park in the central city of Hue that will be capable of producing 50,000 vehicles per year.

Only 9% of households in Vietnam own a car, data from a mid-term population and housing survey for 2024 from the General Statistics Office (GSO) shows.

In 2024, Vietnam's domestic car production is estimated at 388,500 units, marking a 27% increase compared to 2023, according to the General Statistics Office.

VOV.VN - Vietnam imported 173,561 cars totaling US$3.62 billion in 2024, up 45.8% in volume and 27.6% in value year on year, according to the General Department of Vietnam Customs.

Vietnamese car maker VinFast announced that it delivered over 20,000 vehicles in December 2024, a sales record in the domestic market, raising its total last year to more than 87,000.

Domestic car production in Vietnam is estimated at 388,500 units in 2024, marking a 27% rise from 2023, according to the General Statistics Office.