Vietnam’s Vehicle Sales Increased 2.5% to Over 304,000 Units in 2021

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Vietnam vehicle sales sales increase 2021 VAMA (Vietnam Automobile Manufacturers Association) coronavirus Covid-19 pandemic demand Hyundai Motor Hyundai Thanh Cong Vietnam (HTCV) VinFast statistics Vietnam sales volume of automobiles (2012-2021) Vietnam market share of top 6 brands (2016-2021) Vietnam sales volume of automobiles (2016-2021) sales by automaker sales by vehicle type sales by import type passenger vehicles commercial vehicles CKD CBU Vietnam sales volume of automobiles by Type (2016-2021 SUV MPV pickup truck van / minibus light truck (GVW 5.0t or below) medium / heavy truck (GVW above 5.0t) medium / large bus (SC 17 people or above) special purpose vehicle bus chassis Vietnam automobile measures implemented in 2022 reduction of initial registration fee Level 5 emission regulations Decision No. 49/2011/QD-TTg Level 5 diesel fuel (DO-V) Level 5 gasoline fuel (RON95-V) Decree No. 10/2022/ND-CP exemption from registration fee BEV Special Consumption Tax (SCT) breakdown by seating capacity Vietnam top 30 automobile models by sales volume (2021) VinFast Fadil Hyundai Accent Toyota Vios Toyota Corolla Cross Kia Seltos Ford Ranger Mitsubishi Xpander Hyundai SantaFe Hyundai Grand i10 Kia Cerato Mazda CX-5 Honda City Hyundai Tucson Toyota Fortuner VinFast Lux A2.0 Mitsubishi Attrage Honda CR-V Ford Everest Mazda3 VinFast Lux SA2.0 Suzuki XL7 Hyundai Kona Suzuki Carry (truck) Kia Sorento Kia Soluto Toyota Hilux Toyota Camry Kia Morning Mitsubishi Triton Toyota Rush Vietnam import volume of automobiles by source country (2016-2021) Thailand Indonesia China Japan South Korea USA Germany Russia UK India Vietnam sales volume of automobiles by brand and model (2016-2021)

Vietnam’s vehicle sales increased 2.5% year-on-year to 304,149 units in 2021 (based on vehicle sales data of VAMA members). From July to September 2021, automobile sales decreased 30%-50% due to the impact of social isolation measures triggered by the reemergence of the new coronavirus infection. However, demand was strong for the rest of the year, sales returning 300,000-unit level after a year hiatus. Hyundai Motor’s local subsidiary Hyundai Thanh Cong Vietnam (HTCV) and local automaker VinFast, which are not included in official statistics, sold 70,518 units and 35,723 units respectively in 2021. Combined sales of VAMA members, HTCV and VinFast inched up 0.7% in 2021 to 410,390 units.