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Vietnam’s Automobile Sales Results in the First Half of 2023

Vietnam’s automobile sales in the first six months of 2023 decreased 32.0% year-on-year to 137,327 units according to the announcement of Vietnam’s automobile manufacturer association VAMA which only releases data on member companies. If the sales total of two non-VAMA members Hyundai Thanh Cong Vietnam, a local subsidiary of Hyundai, and VinFast, a Vietnamese manufacturer which entered the market in 2019, is added to VAMA’s figure, combined sales reach 176,976 units in the first half of 2023.

Graph: Vietnam: Sales Volume of Automobiles by Type (2018-2022 YTD June 2022 / 2023)Graph: Vietnam: Market Share of Top Five Automobile Brands (2018-2022, YTD June 2023)
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