Domestic Car Production Soars, Fueling Year-End Automotive Demand Surge

The latest report from the Department of Statistics under the Ministry of Finance reveals significant trends in the Vietnamese automotive market. In November 2025, a total of 67,156 new cars, comprising both domestic production and imports, entered the market. This marks a substantial increase of 17.1% compared to October, which recorded 57,343 units.

Domestic Car Production Soars

The production of domestically assembled vehicles reached an estimated 50,900 units in November, a remarkable 24.1% rise from the previous month. Year-on-year, production increased by 8.2% compared to November 2024. This achievement represents a record monthly output for Vietnam’s automotive sector in 2025.

Year-to-Date Production Statistics

• Total domestic car production from January to November 2025 reached approximately 425,600 units.
• This figure reflects a robust increase of 37.4% compared to the same period in 2024.

This surge in domestic production highlights the efforts of Vietnamese car manufacturers to strengthen their market presence and meet growing consumer demand.

Import Trends

November also saw the import of 16,256 fully assembled cars into Vietnam, with a total value of 456 million USD. Despite a slight decrease of 0.5% in volume compared to October, the value increased by 6.0%. In the first eleven months of 2025, Vietnam imported approximately 187,620 vehicles, amounting to about 4.327 billion USD. This represents a volume increase of 16.8% and a value increase of 30.6% compared to the previous year.

• November imports: 16,256 units worth 456 million USD.
• Cumulative imports (January-November 2025): 187,620 units valued at 4.327 billion USD.

Market Dynamics and Consumer Opportunities

The Vietnamese automotive market is entering a prime shopping season at the year’s end, characterized by unprecedented discounts and promotions. Industry experts describe this period as a “golden opportunity” for consumers to take advantage of attractive pricing amidst increased supply and significant inventory pressures. This environment encourages car manufacturers to offer compelling incentives to boost sales.

Conclusion

The combination of soaring domestic production and evolving import strategies suggests a dynamic automotive landscape in Vietnam. As the year concludes, consumers can expect to find an abundance of opportunities to purchase vehicles at competitive prices.