Hanoi, Jan. 2 -- Vietnam's automobile sector underwent a key shift in 2025, with recovering consumer spending, robust electric vehicle (EV) demand and surging imports, especially from China, reshaping the industry.
Sales from the Vietnam Automobile Manufacturers' Association members, VinFast and TC Motor (Hyundai) totalled 522,644 units in the first 11 months, up remarkably from a year earlier. With seasonal strength expected in December, analysts project full-year volume of 580,000-600,000 units, implying 7%-10% growth.
The market saw an increase in imported vehicles. Locally assembled cars slipped about 3%, while completely built-up (CBU) imports jumped 17%, driven by buyers seeking greater variety in design, technology and origins. S...
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