Vietnam market falls by 6% in June – VAMA

Industry
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Summary · why it matters

Vietnam's new vehicle market declined by 6% to 24,356 units in June 2026 from 25,793 units a year earlier, according to wholesale data from the Vietnam Automotive Manufacturers Association. The figures exclude VinFast, Hyundai, Mercedes-Benz, Nissan and other overseas brands. In the first six months of 2026, the market expanded by 15% to 149,761 units, driven by strong economic growth that saw GDP accelerate to 8.4% year-on-year in the second quarter. Light passenger vehicle sales rose 12% to 100,321 units year-to-date, while commercial vehicle sales increased 20% to 49,440 units. VinFast separately reported a 72% surge in domestic sales to 115,916 vehicles in the first half, and GlobalData expects total light vehicle sales in Vietnam to rise 10% to 617,000 units this year.

Impact on stocks 5

Electrification & Mobility± Mixed · 4 stocks
Hyundai Motor Co. Ltd.
005380
▼ NegativeDemandrelevance

Hyundai is excluded from VAMA data, but the overall market decline suggests weak demand for its models.

Nissan Motor Co., Ltd.
7201
▼ NegativeDemandrelevance

Nissan is excluded from VAMA data, but the overall market decline suggests weak demand for its models.

Mercedes-Benz Group AG
MBG
▼ NegativeDemandrelevance

Mercedes-Benz is excluded from VAMA data, but the overall market decline suggests weak demand for premium brands.

Cloud & Digital Infrastructure▲ · 1 stocks
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