November's automobile sales in Vietnam reached 67,987 units, the highest monthly volume recorded in 2025 and an increase of about 7% from the previous month. This total includes 39,338 vehicles from the Vietnam Automobile Manufacturers' Association (VAMA), 23,186 from VinFast, and 5,463 from Hyundai.

Cumulative year-to-date sales through November reached 522,143 vehicles, already exceeding the 2022 record of approximately 508,000 units. With one month left in 2025, Vietnam's automobile market is poised to establish a new annual sales record.

VinFast's 11-month sales reached 147,450 vehicles, already surpassing its 2024 full-year total of over 87,000 units. Meanwhile, VAMA members reported 328,671 vehicles sold, a 6,5% increase compared to the same period in 2024.

Conversely, Hyundai's sales declined by nearly 21% over the 11-month period, totaling 46,525 vehicles. Despite Hyundai, one of the market's top three best-selling brands, experiencing a sales decrease, the combined sales of VAMA and Hyundai still show a modest 2% increase, indicating overall market growth in 2025.

Sales experts attribute the market's growth primarily to VinFast. With an average monthly sales volume of about 13,400 vehicles, VinFast is projected to finish 2025 with over 160,000 units, nearly doubling its 2024 sales and approaching its 200,000-vehicle target.

VinFast is dominating several small-sized segments, catering to first-time car buyers, personal use, and commercial services. The VF 3 leads the microcar category, the VF 5 is a top seller in the A+ segment CUV group, the VF 6 surpasses rivals in the B-segment CUV category, and the Limo Green dominates the mid-size MPV segment.

While VAMA's overall sales grew, the performance among its members varied. Toyota and Ford experienced improved sales compared to 2024. However, other significant market share contributors, including Mitsubishi, Honda, Kia, and Mazda, faced declines.

Limo Green, the market's best-selling model in November, seen driving in Hanoi. Photo: Luong Dung

By November, Kia and Hyundai, both top 10 best-selling brands, recorded the most significant sales declines, at 29% and 21% respectively. Historically, affordable small car segments, such as A and B sedans and CUVs, were key strengths for Hyundai and Kia, attracting first-time buyers. However, the rising presence of Japanese brands and VinFast in the past two years has intensified competition, posing challenges for Korean automakers.

Thanh Nhan