In 2023, the import value of motor vehicles for transport of persons to Vietnam stood at USD 1.115 billion. Starting from 2024, the forecasted data indicates a consistent upward trend in import values, moving from USD 1.1642 billion in 2024 to USD 1.3501 billion in 2028.
- Year-on-Year Variations: 2023 to 2024 (+4.41%), 2024 to 2025 (+4.11%), 2025 to 2026 (+3.88%), 2026 to 2027 (+3.64%), 2027 to 2028 (+3.45%)
- CAGR (2024-2028): 3.89%
Future trends to watch for include potential impacts of evolving trade policies, advancements in vehicle technology, increasing consumer demand, and fluctuations in the global economic landscape, which could all influence the import values. Additionally, the development of domestic automotive manufacturing capabilities in Vietnam could alter import dynamics over the forecast period.
