The number of new vehicles entering Vietnam’s automotive market rose sharply in May 2026, driven by robust growth in domestic production, which continued to outpace imports.

According to the National Statistics Office under the Ministry of Finance, an estimated 76,837 new vehicles, including both locally assembled and imported models, were supplied to the market in May, up 13.2% from April's total of 67,880 units.

Domestic automakers produced an estimated 53,700 vehicles during the month, an increase of 4.7% from April and 40% higher than the same period last year. The figure marked the highest monthly production level recorded so far in 2026, surpassing the previous peak of 51,700 units in January.

In the first five months of the year, domestic manufacturers produced an estimated 232,100 vehicles, up 26.7% year-on-year.

Vehicle imports also recorded strong growth. Vietnam imported an estimated 23,137 completely built-up (CBU) vehicles in May, with a total value of $548 million. Compared with April, imports increased 39.5% in volume and 26.5% in value.

While import volumes were broadly unchanged from May 2025, the value of imported vehicles rose 29.2%, suggesting a shift toward higher-priced models and premium vehicle segments.

During the first five months of 2026, Vietnam imported approximately 95,427 CBU vehicles worth $2.3 billion. The figures represented a modest increase of about 10% in volume and a substantial 26.7% rise in value compared with the same period last year, reflecting continued demand for imported vehicles and higher-value automotive products.