Vietnam's car sales continue growth trajectory in October

November 12, 2022 | 22:04
(0) user say
Vietnam's car market has continued to maintain its growth after recording an uptick in sales in October.
Vietnam's car sales continue growth trajectory in October
Illustration photo. Source:

Data from the Vietnam Automobile Manufacturers’ Association (VAMA) reveals that sales of automobiles in Vietnam reached 36,560 units in October, an increase of 9.3 per cent over September and 22.7 per cent against October 2021.

The number of passenger car sales increased by 10 per cent from the previous month to 28,230 units. Deliveries of commercial vehicles grew by 6 per cent to 8,003 units, while deliveries of special-purpose vehicles rose by 4 per cent to 327 units.

Meanwhile, there were 20,051 completely knocked-down vehicles and 16,509 completely built vehicles sold in October, a rise of 17 per cent and 1 per cent respectively compared to last month.

In total, 334,963 vehicles have been sold by VAMA members in the first 10 months of 2022, up 52 per cent from the same period last year.

Other car manufacturers, such as Hyundai and VinFast, recorded combined sales of 10,000 cars per month. If those figures are added, Vietnam's car sales could surpass the 400,000-unit mark for the first ten months.

Vietnam's car market is still growing strongly amidst the difficult macroeconomic situation and credit tightening, with sales continuing to grow after a sharp plunge in June. The domestic auto market is expected to remain robust in the final two months of the year as it enters the peak season in preparation for the Lunar New Year.

Car sales continues to rise in September Car sales continues to rise in September

Vietnam's consumption of new cars grew steadily in September, surpassing last year's period by 147 per cent.

Infrastructure crucial for e-car future Infrastructure crucial for e-car future

Green and cleaner transport initiatives are being promoted in Vietnam, with more top brands hoping to offer the future of electric vehicles. However, the inevitable complexity of modernising the country’s infrastructure will have to be addressed sooner rather than later.

Vietnam ponders hybrid car tax shift Vietnam ponders hybrid car tax shift

A lower tax on hybrid cars should be calculated carefully when it comes to contributing to environmental protection, instead of benefiting only a few automobile manufacturers.

By Thanh Van

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional