VinFast remained the top-selling brand in Vietnam’s auto market, with over 12,100 vehicles sold in March 2025, though this was about 400 units fewer than in February. The VF 5 and VF 3 models continued to lead the lineup, contributing 4,400 and 3,700 units, respectively, together accounting for two-thirds of the brand's total sales. Cumulatively, VinFast sold approximately 35,100 vehicles in the domestic market during the first three months of 2025.
Toyota ranked second in March 2025 with 11,830 vehicles sold, followed by Ford (9,482 units), Mitsubishi (7,920 units), Mazda (6,341 units), Kia (6,200 units), and Honda (6,084 units).
The strong rebound of Vietnam’s auto market after a recent downturn is largely attributed to aggressive discount programs from both carmakers and dealers, which have effectively stimulated consumer demand and boosted sales.
VinFast delivers 400 e-vehicles to Indonesian dealers, consumers
Vietnamese electric vehicle (EV) manufacturer VinFast Auto has delivered 400 units of its VF 3 mini e-SUV to Indonesian dealers and customers, just two months after the model’s launch. This achievement highlights VinFast’s strong production capacity, efficient operations, and the growing popularity of the VF 3 across Southeast Asia.
Positioned as a key player in the company’s green mobility strategy, the VF 3 has become a trending choice in Vietnam, the Philippines, and Indonesia, thanks to its stylish, compact design and urban-friendly performance—with a range of 215 km per full charge.
VinFast marked the occasion with a mass delivery of 100 vehicles during the Motomobi News Karnaval on April 19–20, where Indonesian consumers had the chance to experience the VF 3 firsthand and take part in interactive programs and promotions. Customers praised the car for its design, features, and affordability.
VinFast is also expanding its dealership and service network in Indonesia and working with partners like GSM JSC and V-GREEN to develop a green mobility ecosystem, aiming to install 30,000 charging ports nationwide by the end of 2025.
Ministry proposes tax cuts for some imported cars
Vietnam’s Ministry of Finance has proposed cutting Most-Favoured Nation (MFN) import tax rates on certain automobile models to diversify vehicle supply, boost market competition, and align tax policy with global automotive trends.
Currently, vehicles under HS codes 8703.23.63 and 8703.23.57—including SUVs and sedans with engines between 2,000cc and 2,500cc—face a 64% MFN import tax. Vehicles under HS code 8703.24.51, covering four-wheel drives, are taxed at 45%. The Ministry proposes reducing these rates to 32%, aligning with Vietnam’s CPTPP commitments.
While vehicles from ASEAN enjoy 0% tax under ATIGA, the adjustment aims to make MFN-sourced vehicles more competitive, particularly for premium and high-performance models not manufactured domestically. The Vietnamese market is still small compared to regional peers, with around 510,000 cars sold annually, including 173,000 imports.
By 2030, Vietnam is expected to need 1–1.1 million cars annually, requiring domestic production to double. The proposed cuts are also expected to address gaps in the supply of higher-capacity vehicles, which currently rely on imports.
The Ministry estimates a potential revenue loss of $8.81 million, but anticipates this will be balanced by increased import volumes from MFN countries. Feedback on the draft decree is being collected, with the new policy expected to take effect from April.
Top 10 auto best sellers in March
The Mitsubishi Xpander topped the best-selling list of vehicles in Vietnam in March, with 2,530 units sold, according to the Vietnam Automobile Manufacturers' Association (VAMA).
It was followed by the Ford Ranger (1,536 units), the Toyota Yaris Cross (1,185 units), the Mazda CX-5 (1,099 units), the Ford Everest (1,074 units), the Hyundai Accent (1,049 units), the Hyundai Tucson (1,046 units), the Toyota Vios (1,041 units), the Mitsubishi Xforce (948 unit), and the Ford Territory (931 units).
Some 31,750 automobiles were sold in March, up 47% compared to the previous month and 16% year-on-year.
Domestically manufactured and assembled vehicles contributed 14,887 cars, surging 35% against the previous month, while sold imported cars stood at 16,863 units, up 60% month-on-month.
T.Huong
Source: Vitic