Sales of commercial vehicles over 2 tons gvw in Vietnam fell by over 20% to 12,898 units in the third quarter of 2023.

Sales of commercial vehicles over 2 tons gvw in East Asia’s seven main markets, excluding China, declined by over 8% to 326,720 units in the third quarter of 2023.

Vietnam’s market for commercial vehicles over 2 tons gvw continued to fall sharply in the second quarter of 2023 compared with the same period of last year.

Sales of commercial vehicles over 2 tons gvw in East Asia’s seven main markets, excluding China, declined by almost 9% to 308,421 units in the second quarter of 2023 from 338,668 units.

Sales of commercial vehicles over 2 tons gvw in East Asia’s seven main markets, excluding China, fell by over 2% year-on-year to 372,543 units in the first quarter of 2023 after growing just 1.6% to 364,641 units in the fourth quarter of last year.

This fall was sharper than the overall economy. Economic growth slowed to 3.3% year-on-year in the first quarter of 2023 from 5.9% in the previous quarter and 8% in the whole of 2022.

Vietnam's CV market dips but relatively stable.

The seven major markets of East Asia (excluding China) has grown by 125,000 commercial vehicles in the last two years.

The company launched the Dongfeng KL and Dongfeng KR, in Vietnam.

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).