Starting in 2025, Vietnam will reduce import tariffs on luxury cars from Europe, the US, and Japan. Will this lead to lower prices for high-end vehicles, and how will it impact the local market?

Manufacturers like Thaco, Hyundai Thanh Cong, and VinFast are making significant strides in global markets.

China's automotive group Geely Auto Group and Vietnam’s Tasco JSC have begun a campaign to launch the urban SUV Geely Coolray in the Vietnamese market, marking the beginning of their 168 million USD joint venture.

The electric and hybrid vehicle market in Vietnam is projected to experience significant growth, with forecasts indicating an increase of 25-30% in 2025, according to industry experts.

Vietnam’s auto market enters 2025 with strong growth momentum, driven by electrification trends and an expanding range of new models.

About a decade ago, Chinese car brands like Zotye Z8, Beijing X7, and Brilliance V7 entered the Vietnamese market to limited success. But a new fleet of modern Chinese vehicles began to gain traction in the Vietnam market last year.

Vietnam’s automobile industry experienced a significant shift in January 2025, with imported car volumes plummeting by more than 50 percent.

Work on two major automobile manufacturing and assembly plants with Chinese investments will start in northern Thai Binh province in the first half of 2025.

Though facing difficulties, the automobile industry had a prosperous 2024 thanks to the government’s support, car dealers’ preferences, and VinFast’s product strategy.

Vietnam’s auto market closed 2024 on a high note, overcoming challenges to achieve double-digit growth and signaling a path to recovery.

Household car ownership in Vietnam reached 9% in 2024, almost doubling from 2019, as the country experiences rapid motorization and economic growth.

The Vietnamese auto market in 2024 witnessed the addition of over 560,000 new vehicles, with strong growth in both domestic production and imports, despite a sharp drop in December sales.

The Vietnamese car market in the last six months of 2024 witnessed a notable surge in electric and hybrid vehicle launches, highlighting the country's commitment to sustainable transportation solutions.

Vietnam’s automotive market in 2024 showcased resilience and growth, with policies boosting sales, VinFast leading the market, and foreign investment on the rise.

The 50 percent vehicle registration-tax cut policy, applied to stimulate demand, has expired, so car dealers are offering sale promotion programs to lure more buyers.

Car buyers in Vietnam are witnessing a flurry of year-end offers, with some discounts nearing 500 million VND. From registration fee waivers to accessory bundles, automakers aim to boost sales as the market faces a decline in consumer demand.

Audi Vietnam is recalling 324 vehicles, including its best-selling Q5 SUV and electric e-tron models, due to critical safety defects that could compromise passenger safety.

Car sales have soared in the last few months thanks to a 50 percent cut in the vehicle registration tax. Sales are expected to peak in November.

Vietnam’s auto market saw record-breaking sales in October, with government discounts and year-end demand driving growth across both domestic and import brands.

TMT Motors, known for importing and selling Chinese electric cars, reported significant financial losses as sales fell short of expectations and high inventory costs mounted.