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Vietnam’s CV market continues to recover in Q3 2024

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By Will Pulson - 16th January 2025

Vietnam - The market for commercial vehicles over 2 tons gvw in Vietnam continued to recover in the third quarter of 2024, with sales growing by 21% to 15,507 units from weak year-earlier sales of 12,815 units, based on data released by the Vietnam Automotive Manufacturers Association (VAMA).

Economic growth in the country accelerated to 7.4% year-on-year in the third quarter from 7.1% in the second quarter, despite several powerful typhoons which caused widespread flooding and damage in large parts of the country during the quarter.

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