Vietnam's automobile market continued to expand in the first half of 2026, with total vehicle sales by members of the Vietnam Automobile Manufacturers' Association (VAMA) rising 15% year-on-year, driven by strong demand for imported and hybrid vehicles.
According to VAMA, its member companies sold 31,104 vehicles in June, up 4% from May but down 2.7% compared with the same month last year.
Domestic assembly sales totaled 12,541 units during the month, a 4% decline from May. In contrast, completely built-up (CBU) imported vehicles posted strong growth, with sales reaching 18,563 units, up 10% month-on-month.
In the first six months of 2026, VAMA members sold a total of 187,833 vehicles, an increase of 15% from a year earlier. Passenger vehicles accounted for 124,809 units, up 9%, while commercial vehicle sales climbed 28% to 59,796 units. Sales of special-purpose vehicles more than doubled, soaring 119% year-on-year to 3,228 units.
Domestic assembly sales reached 82,492 units during the six-month period, up 7% from the previous year, while imported vehicle sales jumped 23% to 105,341 units, highlighting Vietnamese consumers' growing appetite for imported models.
Hybrid vehicles emerged as one of the market's fastest-growing segments. Sales of gasoline-electric hybrid models reached 2,347 units in June, rising 41% from May and 97% year-on-year. Cumulative hybrid sales totaled 10,865 units in the first half, an 83% increase from the same period in 2025, underscoring the accelerating shift toward greener transportation and more environmentally friendly vehicle choices in Vietnam.
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