Despite the Lunar New Year holiday disruptions, Vietnam’s auto market showed strong growth in February, with VinFast leading sales by a wide margin.

According to the latest report from the Vietnam Automobile Manufacturers Association (VAMA), the total vehicle sales of VAMA members in February reached 21,606 units, marking a 14% increase from January and an impressive 86% jump compared to February 2024.

This figure includes 14,549 passenger cars (up 2.5%), 6,775 commercial vehicles (up 56%), and 282 specialized vehicles (down 17%). In total, for the first two months of 2025, VAMA members sold 40,499 vehicles, a 23% increase compared to the same period in 2024, which saw 30,876 units sold.

VinFast continues to dominate the market

When including separate reports from VinFast (over 12,500 units) and Hyundai (3,022 units), the total vehicle sales in Vietnam’s auto market in February exceeded 37,000 units, reflecting a 16% increase from January 2025.

VinFast maintained its absolute lead, outselling the combined total of the next four foreign brands: Toyota (3,114 units), Hyundai (3,022 units), Ford (2,758 units), and KIA (2,032 units).

The VinFast VF 3 emerged as the market’s best-selling model, with 5,200 units delivered to customers.

Shifts in domestic and imported vehicle sales

VAMA’s report also highlighted a shift in market structure between domestically assembled and imported vehicles in February. While sales of locally assembled cars remained stable at 14,549 units (a modest 2.5% increase), imported vehicle sales surged to 6,775 units, marking a 55.6% increase from January.

According to the General Statistics Office, the estimated number of newly added vehicles in Vietnam’s market in February 2025 reached 54,048 units, comprising approximately 36,900 domestically produced cars and 17,148 imported completely built-up (CBU) vehicles.

Hoang Hiep