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.

The Vietnam Automobile Manufacturers Association (VAMA) announced on December 10 that its member companies sold 44,200 vehicles in November, marking a month-on-month increase of 14%.