Vietnam’s auto market sales turned to growth again in February 2025 with 21,606 vehicles, up 14% compared to January.

Specifically, according to data from the Vietnam Automobile Manufacturers Association (VAMA), in February, 21,606 vehicles were sold in the entire market, an increase of 14% compared to the first month of the year and a sharp increase of 86% compared to the same period in 2024.

Of these, commercial vehicles saw the strongest growth, reaching 6,775 units sold, up 56% compared to the previous month; passenger cars achieved sales of 14,549 units, up slightly by 2.5%. In contrast, the specialized vehicles group decreased by 17%, reaching only 282 units sold.

In terms of origin, domestically manufactured and assembled cars (CKD) recorded a growth rate of 21% with a total of 11,067 units sold in the market; while completely built-up (CBU) imported cars increased slightly by 8% with a total of 10,539 units.

In addition, the Hyundai-TC Motor joint venture said it sold 3,022 cars in February 2025, almost the same as the first month of the year. Meanwhile, VinFast also announced that it had delivered a total of 12,500 electric cars to customers during the same period.

Thus, adding up the data from VAMA, Hyundai and VinFast, the entire Vietnamese automobile market consumed 37,128 units in February 2025, an increase of 16.1% compared to the previous month. In the first two months of 2025, the market consumed a total of 69,095 cars.

The Vietnamese market is gradually overcoming the low point of purchasing power after the Lunar New Year. Some industry experts believe that from the end of the first quarter of 2025, automobile purchasing power will continue to recover, thereby expecting better growth in the number of vehicles consumed in the entire market./.