Key Market Indicators
Vietnamese truck exports are projected to decline to approximately $2.58 million by 2028, down from $2.76 million in 2023, reflecting an average annual decrease of 1%. This trend follows a historical pattern, with Vietnamese truck supply having fallen by 1.2% per year since 2005. In contrast, Vietnamese truck imports are expected to rise significantly. By 2028, imports are forecast to reach around $1.63 billion, up from $1.38 billion in 2023, marking an average annual growth rate of 2.7%. This increase continues a long-term trend, with Vietnamese demand for trucks having surged by 4.2% annually since 2005.