The Autofacts Market Update – March 2026 report provides an up‑to‑date view of key developments, forecasts and insights shaping the global automotive industry, with coverage across the Europe, ASEAN‑6, China and the US. ASEAN-6 comprises Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam.
Among them, Vietnam’s automotive market recorded 20.3 per cent sales growth in 2025. This momentum stands against a more uneven regional backdrop, where growth remains under pressure from macroeconomic volatility and shifting trade dynamics.
Vietnam’s total industry volume growth was led by VinFast (up 88,000 units), underpinned by strong GDP growth (up 8.02 per cent) and rising GDP per capita (approximately $5,026), which made entry-level four-wheelers affordable for more households.
Sport utility vehicles take the lead in the Vietnamese market, representing 73 per cent in 2025, followed by sedan and hatchback (16 per cent) and multi-purpose vehicles (6 per cent).
VinFast continues to dominate the market with models VF3 and VF5, priced between $12,000-$22,000. The country offers 100 per cent registration fee exemption for electric vehicles through February 2027.
In addition, the Vietnamese carmaker also emerges as one of top 15 automotive brands in ASEAN-6 last year. The VF3 and VF5 continue to lead domestic sales in Vietnam, with exports to Indonesia and the Philippines starting in 2025.
The report also highlights how geopolitics has become a structural force – reshaping automotive cost structures, production decisions and market access strategies worldwide. This includes the impact of the Iran war and shifts in the market capitalisation of leading global original equipment manufacturers.
Toyota to inject over $360 million to produce hybrid electric vehicles in Vietnam
Toyota Motor Vietnam (TMV) will pour over $360 million into modernising its new head office and plant in Vietnam to start production of hybrid electric vehicles.
VinFast invests nearly $500 million in its EV plant in Ha Tinh
VinFast plans to build an electric vehicle (EV) plant in Ha Tinh province with a design capacity of two million vehicles per year.
Kim Long Motor exports first buses to Thailand in regional push
Kim Long Motor has exported its first batch of locally manufactured buses to Thailand, marking a significant step in the company’s international expansion strategy.
