Vietnam’s auto market closed 2024 on a high note, overcoming challenges to achieve double-digit growth and signaling a path to recovery.

Household car ownership in Vietnam reached 9% in 2024, almost doubling from 2019, as the country experiences rapid motorization and economic growth.

The Vietnamese auto market in 2024 witnessed the addition of over 560,000 new vehicles, with strong growth in both domestic production and imports, despite a sharp drop in December sales.

The Vietnamese car market in the last six months of 2024 witnessed a notable surge in electric and hybrid vehicle launches, highlighting the country's commitment to sustainable transportation solutions.

Vietnam’s automotive market in 2024 showcased resilience and growth, with policies boosting sales, VinFast leading the market, and foreign investment on the rise.

The 50 percent vehicle registration-tax cut policy, applied to stimulate demand, has expired, so car dealers are offering sale promotion programs to lure more buyers.

Car buyers in Vietnam are witnessing a flurry of year-end offers, with some discounts nearing 500 million VND. From registration fee waivers to accessory bundles, automakers aim to boost sales as the market faces a decline in consumer demand.

Audi Vietnam is recalling 324 vehicles, including its best-selling Q5 SUV and electric e-tron models, due to critical safety defects that could compromise passenger safety.

Car sales have soared in the last few months thanks to a 50 percent cut in the vehicle registration tax. Sales are expected to peak in November.

Vietnam’s auto market saw record-breaking sales in October, with government discounts and year-end demand driving growth across both domestic and import brands.

TMT Motors, known for importing and selling Chinese electric cars, reported significant financial losses as sales fell short of expectations and high inventory costs mounted.

The Vietnam Motor Show 2024 (VMS 2024) officially opened on October 23 in Ho Chi Minh City.

According to VAMA’s report on October 10, sales in the passenger vehicle segment reached 28,973 units in September, a 51% rise over August.

Vietnam saw a sharp rise in car imports in 2024, with 124,090 units imported by September, but lower import prices have kept the total value increase moderate at 16%.

During the 13th session of the Vietnam-China Economic and Trade Cooperation Committee in Beijing, discussions led by industry ministers highlighted a significant move by China's automotive leaders to intensify their business and production in VN.

In the first half of September, the influx of imported cars into Viet Nam remained robust, despite a recent government policy to reduce registration taxes for domestically assembled vehicles.

The Vietnam Motor Show 2024 will take place in Ho Chi Minh City from October 23-27, featuring green energy initiatives, organisers announced at a press conference on September 26.

The Vietnam trade mission in Germany coordinated with the Berlin – Brandenburg automotive association (aBB) and authorities of the Vietnamese province of Nam Dinh to hold a roundtable on cooperation in the automobile industry.

Car sales in Vietnam dropped by 13% in August compared to July, primarily due to the Ghost Month, which occurs during the seventh lunar month when many people avoid making significant purchases.