Key Market Indicators
Vietnam's commercial vehicle registration is projected to slightly increase to 47,380 units by 2028, up from 46,950 units in 2023, reflecting a modest annual growth rate of 0.1%. This forecast comes despite a historical decline in the market, which has seen a 0.8% year-on-year decrease since 2010. In 2023, Vietnam ranked 41st globally in commercial vehicle registrations, with the Netherlands narrowly leading at 46,950 units. Canada, Mexico, and Argentina secured the second, third, and fourth positions respectively in the global ranking.
