Vietnam’s Automobile Sales Results in YTD June 2021

Vietnam’s automobile sales in the first six months of 2021 increased 40.4% year-on-year to 150,000 units according to the announcement of the Vietnam Automobile Manufacturers’ Association (VAMA) which only releases data on member companies. It was about the same level as in the first half of 2019 when sales reached 154,000 units, recovering from the deep slump of 107,000 units in the first six months of 2020 caused by the outbreak of the new coronavirus infection. If the sales total of two non-VAMA members Hyundai Thanh Cong Vietnam (HTCV), 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 200,000 units in the first half of 2021, surpassing the sales result of the same period in 2019.