(EN) GTJASVN RS_VIETNAM AUTO AND MOTOR SECTOR_POLICY AND CONSUMER TREND LEVERAGE_AUG 2025

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(EN) GTJASVN RS_VIETNAM AUTO AND MOTOR SECTOR_POLICY AND CONSUMER TREND LEVERAGE_AUG 2025

13/08/2025

Vietnam’s automobile market maintains its growth momentum thanks to:

The rising proportion of the middle class in Vietnam and the increasing trend of car usage.
The continued high preference for private vehicles.
Favorable policies creating conditions for individuals to own cars: reduced import tariffs (through free trade agreements); preferential registration fee policies (non-periodic); incentives for battery electric vehicles (BEVs).
The participation of brands and new products offering more choices and competitive pricing.
However, in the short term, the market faces certain challenges, particularly in the luxury segment.

(EN) GTJASVN RS_VIETNAM AUTO AND MOTOR SECTOR_POLICY AND CONSUMER TREND LEVERAGE_AUG 2025

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