Markets decrease in Vietnam in the first half of 2022 after a strong rebound in 2021.

In the first half of 2022, regional sales rose by 2.5% to 703,309 units, although the CV performance of the seven different markets in the region (excludes China) was either very positive or extremely negative.

Vietnam’s commercial vehicle market over 2 tons gvw resumed its recovery in the fourth quarter of 2021, with sales rising by 9% to 23,144 units from a reasonably strong 21,201 units in the same period of the previous year, according to AsiaMotorBusiness.com analysis of data from the Vietnam Automotive Manufacturers Association (VAMA). 

Sales of pickup trucks surged by 32% to 9,855 units in the fourth quarter of 2021 from 7,487 units in the same period of the previous year, resulting in a 29% rise in full-year sales to 25,325 units from 19,697 units in 2020. 

Sales of commercial vehicles over 2 tons gvw in Vietnam plunged by over 39% to 8,785 units in the third quarter of 2021 after declining by over 17% to 15,462 units in the same period of last year.

Vietnam’s market for commercial vehicles over 2 tons gvw bounced back by almost 41% year-on-year to 20,026 units in the second quarter of 2021 after declining by 23% to 14,211 units in the same period of last year.

Vietnam’s market for commercial vehicles over 2 tons gvw expanded by over 33% to 15,211 units in the first quarter of 2021 after declining by over 25% to 11,390 units in the same period of last year.

Sales of medium and large buses and coaches fell by over 34% to 688 units in the fourth quarter of 2020 from already depressed year-earlier sales of 1,048 units, resulting in a 57% drop in full-year sales to 1,558 units.

Sales of medium and heavy-duty trucks over 5 tons gvw fell by almost 10% to 7,696 units in the fourth quarter of 2020 from an already weak 8,525 units in the same period of the previous year, resulting in a drop of over 16% in full-year sales to 19,292 units from 23,080 units.

Sales of other light commercial vehicles between 2-5 tons gvw more than doubled year-on-year to 5,506 units in the fourth quarter of 2020 after sales fell by over 50% to 2,564 in the same period of 2019, resulting in a slight increase in 2020 sales to 21,727 units.

Sales of pickup trucks increased by over 9% to 7,317 units in the fourth quarter of 2020, after plunging by over 25% to 6,702 units in the same period of the previous year, resulting in a 13.5% decline in full-year sales to 19,697 units from 22,767 sales in 2019.

Vietnam’s commercial vehicle market over 2 tons gvw rebounded by 12.6% to 21,207 units in the fourth quarter of 2020 after plunging by 28% to 18,839 units in the same period of the previous year, according to AsiaMotorBusiness.com analysis of data from the Vietnam Automotive Manufacturers Association.