Vietnam vehicle market declines 9% in February – VAMA [Yahoo! Finance]
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Source: Yahoo! Finance
Vietnam's new vehicle market declined by 9% to 15,665 units in February 2026 from 17,181 units in the same month last year, according to wholesale data released by the Vietnam Automotive Manufacturers Association (VAMA). The data do not include some major players in the market, including domestic automaker VinFast, Hyundai, Mercedes-Benz, Nissan, and a number of other overseas brands. The market last month was held back by significantly fewer working days due the Lunar New Year holidays falling in February this year, rather than in January last year. In the first two months of 2026, the vehicle market expanded by 38% to 45,439 units from 32,857 units in the same period last year, driven by strong, broad-based economic growth in the country. GDP growth accelerated to 8.5% year-on-year in the fourth quarter of 2025, the fastest quarterly growth rate in 15 years. In the whole of 2025, the economy expanded by 8%, driven by robust domestic consumption, fixed investment, and exports. S
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