Vietnam’s market for commercial vehicles over 2 tons gvw surged by over 37% to 15,252 units in the first quarter of 2025.

Sales of commercial vehicles over 2 tons gvw in East Asia’s seven main markets, excluding China, grew by just under 2% to 273,126 units in the first quarter of 2025 after plunging by 28% to 268,016 units in the same period last year;

Buses to be produced at its new plant in Vietnam.

Urban bus designed for up to 29 passengers.

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.

Sales of commercial vehicles over 2 tons gvw in East Asia’s seven main markets, excluding China, declined by 16% to 268,373 in the fourth quarter of 2024 from 319,099 units a year earlier.

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%.

Sales declined by 15% to 276,272 in the third quarter of 2024.

Dongfeng CV Xinjiang Company is a unit of state-owned Dongfeng Motor Company based in the Urumqi City of China’s Xinjiang Uygur autonomous region.

In June, Phan Phạm Hà, the company’s General Director was arrested for financial management violations – causing the company’s stock price to plunge.

Vietnam’s market for commercial vehicles over 2 tons gvw began to recover in the second quarter of 2024 after almost two years of sharp decline.

Sales for commercial vehicles over 2 tons gvw in East Asia’s seven main markets, excluding China, continued to decline in the second quarter of 2024.