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Vietnam sees surge in imported cars amid rising domestic demand

Vietnam’s imported automobile market recorded impressive growth in the first half of 2025 as domestic consumption and investment rebound.

Vietnam sees surge in imported cars amid rising domestic demand - 1

Illustrative photo by haiquanonline

According to recent statistics from the General Department of Customs, more than 18,800 vehicles were imported in June, with a total value of approximately USD 407 million. Notably, the number of imported trucks soared to 2,732 units, up 40 per cent in volume and 35.2 per cent in value compared to May. This sharp increase was primarily driven by imports from China and Thailand.

In contrast, passenger cars with fewer than nine seats saw a slight decline, with over 14,000 units imported. Other vehicle categories reached only 2,067 units, valued at USD 84.2 million, marking a drop of more than 27 per cent in both volume and value compared to the previous month. Although 94 per cent of these vehicles originated from China, the decline suggests a more cautious approach by importers or shifts in domestic demand.

By the end of June, Vietnam had imported a total of 102,817 completely built-up (CBU) vehicles, an increase of 38.3 per cent year on year. Passenger vehicles accounted for 78,345 units, up 29.4 per cent, while imported trucks reached 12,362 units, surging by 124.3 per cent.

Alongside CBU vehicles, auto parts and components continue to play a vital role in Vietnam's automotive supply chain. In the first half of the year, imports of these items reached USD 2.64 billion, a 28 per cent increase year on year. China remained the largest supplier, followed by Thailand, South Korea, Japan, India, and Indonesia.

The sharp rise in truck imports and automotive parts reflects a strong recovery in the logistics, construction, and transportation sectors, and highlights growing business confidence in Vietnam’s economic recovery and public investment in the second half of the year.

With the current momentum, 2025 is expected to set a new record for car imports, especially as the domestic market demands more diverse, high-performance, and fuel-efficient vehicles.

In the domestic market, the Vietnam Automobile Manufacturers’ Association (VAMA) reported that total vehicle sales in June reached 31,977 units, up 9 per cent from May and 20 per cent year on year.

In total, 163,021 vehicles were sold in the first half of 2025, up 21 per cent compared to the same period last year. Passenger cars rose by 18 per cent, commercial vehicles by 28 per cent, and special-purpose vehicles also by 28 per cent.

Among VAMA members, Toyota remained the top seller, followed by Ford, Mitsubishi, Mazda, KIA, and Honda.

Source: Dtinews
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