Vietnamese Vehicles Market in 2025 reports impressive growth. Full-year figures gained 31.2%, with Vinfast overtaking Hyundai as best selling brand. The EV giant was responsible for driving growth of the EV sector in the country, up by 201.7%.
Economic Environment
Vietnam’s 2025 performance was strong, with the General Statistics Office estimating GDP growth of 8.02 percent, taking output to about 12.85 quadrillion Vietnamese dong, or about 514 billion US dollars, and lifting GDP per capita to about 125.5 million Vietnamese dong, or about 5,026 US dollars. Growth was broad-based across the three main sectors, led by industry and construction expanding 8.95 percent, while services grew 8.62 percent and remained the largest engine of the economy, accounting for about 51.08 percent of overall activity. Agriculture, forestry and fisheries increased 3.78 percent, contributing positively even as its share of growth was smaller.
On the macro side, inflation stayed controlled, with the consumer price index rising 3.31 percent in 2025 as pressures came mainly from housing-related costs, food services, healthcare, and education, while transport prices fell due to lower gasoline prices. Core inflation averaged 3.21 percent in 2025, staying slightly below headline inflation and indicating relatively steady underlying price momentum. Credit conditions were supportive, with credit growth reaching nearly 18 percent and total outstanding credit exceeding about 670 billion US dollars by late December 2025. Foreign direct investment remained resilient, with newly registered capital exceeding 38.4 billion US dollars and disbursed FDI reaching about 27.6 billion US dollars, the highest level in five years, signalling sustained investor confidence.
Automotive Industry Trend and Outlook
The Vietnamese vehicle market continues to grow in 2025, though the initial boom decelerated through the months. Overall, year-on-year gains reached 31.2% to 508,904 units.
Brand-wise, VinFast -up 2 spots- gained leadership with a share of 34.4% (+251.8%), in front of Toyota in 2nd (+8.1%), Hyundai -down 2 spots- in 3rd (-20.4%) and Ford in 4th (+19.6%).
Mitsubishi ranked 5th (+7.1%), followed by Mazda -up 1 spot- in 6th (-0.4%), Honda -up 1 spot- in 7th (-1.6%), and Kia -down 2 spots- in 8th (-21.4%).
Isuzu ranked 9th (+11.6%), followed by Suzuki closing the Top 10 (-9.4%).
Looking at the top models, the VinFast VF 3 became the best seller climbing 84 spots followed by the VinFast VF 5 -up 83 spots- and the VinFast VF6.
EV Market Trend and Outlook
Vietnam’s EV segment keeps expanding, growing 201.7% in 2025. Now about 30% of the automotive sector, it is predicted that, by 2025, it will become the leading segment.
Vietnam’s EV growth is fueled by government policies such as fee reductions, interest rate cuts and tax incentives. Moreover, EVs are experiencing growing consumer interest, with leader Vinfast (+197.3%) introducing more affordable models.
Medium-Term Market Trend
In Vietnam, motorcycles dominate individual mobility, with over 3 million units sold annually, while car sales have never surpassed half a million.
Despite this, the vehicle market (cars and light commercial vehicles) expanded 182.6% from 2014 to 2024, growing from under 150K in 2010 to around 400K a decade later. Growth slowed in 2021 due to COVID-19 restrictions, causing a 0.4% dip, but Vietnam’s market remained more resilient than other ASEAN nations.
The rise of VinFast, a local EV-focused manufacturer, is driving competition among Japanese and Korean brands, while government EV incentives are accelerating Vietnam’s electrification at a faster pace than the rest of the region.
With 2024 sales up 15.1% and EV sales surging 197.4%, Vietnam is on track to become a regional hub for EVs and the broader automotive sector.
Tables with sales figures
In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models.
