Vietnam’s Automobile Sales Results in YTD June 2022

Vietnam’s automobile sales in the first six months of 2022 increased 34.1% year-on-year to 201,840 units according to the announcement of the Vietnam Automobile Manufacturers’ Association (VAMA) which only releases data on member companies. 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 an historic high level of 252,932 units in the first half of 2022.