Key Market Indicators
Vietnamese car registration is expected to reach nearly 285,000 units by 2026, an increase of 3.7% per year on average from 221,580 in 2021. Since 2010, demand for cars in Vietnam has grown 6.8% annually. Car production in the country is projected to reach 165,650 units by 2026, an average annual growth rate of 3.3% from 130,370 in 2021. Since 2005, supply has decreased by 2.2% each year. Vietnam was ranked 33rd in 2021, with the Netherlands overtaking it to come in at 130,370 units. Japan, Germany and South Korea came in at second, third and fourth place respectively.