Vietnam leads ASEAN-6 car sales growth as electrified vehicles gain share
About 291,000 vehicles were sold in Vietnam in the first half of 2026, placing it fourth among the six markets tracked by PwC.
Vietnam’s vehicle sales rose 31.1% year on year in the first half of 2026, the fastest increase among six Southeast Asian markets, according to PwC figures published in late September. Electric and hybrid models represented around 44% of the country’s passenger vehicle sales during that period.
Across Vietnam, Indonesia, Thailand, Malaysia, the Philippines and Singapore, combined vehicle sales reached about 1.755 million units, an increase of 11%. Indonesia recorded growth of 15.9%, while Thailand’s sales rose 15.1%. Vietnam ranked behind Indonesia, Thailand and Malaysia by sales volume.
PwC put Vietnam’s electric and hybrid passenger vehicle sales at more than 127,000 units for the first half of 2026. Electrified vehicles had accounted for 36% of sales in 2025, compared with 22% in 2024. Sales in that category reached around 189,000 units in 2025, rising 95%.
Separately, the latest cumulative figures showed 246,935 vehicles sold by Vietnam Automobile Manufacturers’ Association members, up 12% year on year. Hyundai Thanh Cong contributed 31,540 units, while VinFast recorded 154,073 units, a 71% increase. Together, the three groups recorded 432,548 units, up 26.4% from the corresponding period in 2025.
For the first eight months of 2026, VAMA members reported hybrid sales of 13,889 units, up 65% year on year. Over the same period, sales reached 35,798 units for the VF 3, 27,948 for the VF 5 and 34,991 for Limo Green.
