Vietnam’s automobile market is showing strong growth in 2026, with total sales rising 12% year-on-year in the first eight months, according to data from the Vietnam Automobile Manufacturers’ Association (VAMA).
Cumulative sales, including VAMA members and completely built-up (CBU) vehicles imported by non-VAMA companies, reached 246,935 units through August, up 12% from the same period in 2025.
Imported CBU vehicles recorded particularly strong growth, rising 20% to 138,854 units, while domestically assembled vehicles increased 2% to 108,081 units.
By segment, passenger vehicles accounted for 129,934 units, up 7%, while commercial vehicles reached 49,983 units, a 4% increase. Hybrid vehicles posted the strongest growth, with sales surging 65% to 13,889 units.
The market’s expansion has been supported by improving economic conditions, financing incentives, the growing popularity of electric vehicles and pricing strategies adopted by automakers.
Based on the current sales pace, industry observers say the market could approach the 600,000-unit mark for the full year if demand remains strong through the final four months.
Google translate