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17.05.25 - 19:39
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Vietnam Q1 Auto Sales Outperform Asian Peers, Rising 24%, Led By Chinese Brands (ZeroHedge)
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Vietnam Q1 Auto Sales Outperform Asian Peers, Rising 24%, Led By Chinese Brands
Vietnam led Southeast Asia's auto sales growth in Q1 2025, with a 24% year-on-year surge, outpacing larger markets thanks to strong economic momentum and rising public investment, according to Nikkei Asia.
Nikkei Asia data shows total sales across Southeast Asia's five biggest markets—Indonesia, Malaysia, Thailand, the Philippines, and Vietnam—fell 1.7% to 732,898 vehicles.
In Vietnam, hybrid vehicle sales soared 80% to 2,562 units, driven by new models from Toyota and Suzuki. Commercial vehicles and trucks also saw strong gains, rising 22% and 21% to 15,445 and 13,400 units, respectively, supported by a 19.8% jump in public investment to $4.67 billion.
“We expect Vietnam's passenger car sales, excluding VinFast and some luxury brands, to grow 15% year on year in 2025,” said Thuc Than, an analyst at Vietcap Securities. “Our forecast does not take into account a possible negative outcome of the tariff n...
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