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Vietnam’s CV market jumps 36% in Q4 2024

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By Will Pulson - 11th April 2025

Vietnam – The commercial vehicle market over 2 tons gvw rebounded by 36% to 20,224 units in the fourth quarter of 2024 from depressed year-earlier sales of 14,877 units, based on member data collected by the Vietnam Automotive Manufacturers Association (VAMA).

Commercial vehicle sales in the fourth quarter benefited from a temporary 50% registration tax discount introduced by the government at the beginning of September, which expired at the end of November, while dealers launched aggressive promotional campaigns to lift sales.

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