Vietnam August Vehicle Sales Fall 13% to 18,891 Units, VAMA Says

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Summary · why it matters

Vietnam's new vehicle market fell 13% in August to 18,891 units from 21,688 units a year earlier, according to wholesale data from the Vietnam Automotive Manufacturers Association, a figure that excludes major players such as VinFast, Hyundai, Mercedes-Benz and Nissan. For the first eight months of 2026, the market expanded 8% to 193,898 units from 178,834 units a year earlier, helped by GDP growth of 8.4% year on year in the second quarter. Light passenger vehicle sales rose 7% year-to-date to 129,934 units and commercial vehicle sales rose 12% to 63,964 units. Truong Hai sales rose 8% to 60,124 units, Toyota was up 14% to 47,043 units and Mitsubishi jumped 32% to 28,042 units, while Ford fell 9% to 26,603 units and Honda dropped 10% to 14,435 units. VinFast separately reported a 72% surge in domestic battery electric vehicle sales to 154,703 units year-to-date, and GlobalData expects total light vehicle sales in Vietnam to rise 10% to 617,000 units this year.

Impact on stocks 13

Electrification & Mobility± Mixed · 8 stocks
Ford Motor Company
F
▼ NegativeDemandrelevance

Ford sales fell 9% to 26,603 units year-to-date in Vietnam, a decline in end-customer demand.

Energy Transition & Power Demand▲ · 2 stocks
Financials▲ · 1 stocks
Cloud & Digital Infrastructure▲ · 1 stocks
Others▲ · 1 stocks

Theme Impact 3

Off-coverage companies 1

Truong Hai Auto Corporation (THACO)Private▲ Positive
Demandrelevance

Truong Hai (THACO) sales rose 8% to 60,124 units year-to-date in Vietnam.

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