According to the Vietnam Automobile Manufacturers Association (VAMA), the Vietnamese automobile market in November 2021 achieved positive business results in the new normal, with sales of 38,656 vehicles, up 30% compared to October 2021 and increased by 6% compared to November 2020.
Total sales of the whole market by the end of November 2021 increased by 3% over the same period in 2020. In particular, passenger cars decreased by 4%. Commercial vehicles increased by 23% and specialized vehicles by 47% over the same period in 2020. By the end of November 2021, sales of domestically assembled vehicles decreased by 10%, while imported ones increased by 26% compared to the same period in 2020.
According to TC MOTOR's sales results announcement in November 2021, total sales of Hyundai vehicles in November reached 7,529 units. That made a total of 60,711 units sold from the beginning of 2021.
VinFast Trading and Service Company Limited announced its automobile business results in November 2021 with a total of 3,829 cars sold, an increase of 15.3% compared to the previous month. VinFast sold 2,489 Fadil cars, 421 Lux A2.0 cars, and 919 Lux SA2.0 cars to customers in November 2021. VinFast Fadil continued to maintain good business results with the 6th consecutive month of more than 2,000 cars sold. Besides, VinFast Lux SA2.0 also had a good month with 919 units sold, up 62.6% over the previous month.
According to preliminary statistics, the import of CBU cars to Vietnam in December 2021 is estimated at 19,000 units, with a turnover of 449 million USD, up 24.7% in volume and 34.2% in turnover compared to November. 2021; up 49.7% in volume and 45.9% in turnover compared to December 2020. For the whole year of 2021, imports of CBU cars of all kinds to Vietnam were estimated at 163,971 units, equivalent to a turnover of 3,679 billion USD, up 55.9% in volume and 56.6% in turnover compared to 2020.
According to the General Department of Customs statistics, the import of CBU cars to Vietnam in November 2021 reached 15,225 units with a turnover of 333.9 million USD, up 30.2% in volume and 32.0% in turnover compared to November 2020. In the first 11 months of 2021, imports of CBU cars to Vietnam reached 142,259 units, with a turnover of 3.072 billion USD, up 57.3% in volume and 59.1% in turnover over the same period in 2020.
According to preliminary statistics, the import of auto parts and accessories into Vietnam in December 2021 is estimated at 500 million USD, up 25.6% compared to November 2021 but down 5.1% compared to November 2020. For the whole year of 2021, the import of auto parts and accessories to Vietnam is estimated at 4.974 billion USD, up 24.2% compared to 2020.
Vietnam imported auto parts and accessories mainly from Korea, China, Thailand, and Japan in the first 11 months of 2021, accounting for 83% of total import turnover. Imports of auto parts and accessories from those main markets all grew at double-digit rates in the first 11 months of 2021 compared to the same period in 2020, with a growth rate of 17.7%, 49.8%, 19.9% , and 4.9%.
Particularly in November 2021, imports of auto parts and accessories from some markets into Vietnam grew at a 3-digit rate compared to November 2020, such as imports from Germany increased by 654.9%, Turkey increased by 783.8%, and Spain by 130.5%.
The sudden growth of Vietnam’s automobile market that led to an unusual record in November is mainly because of the 50% discount on registration fees. The discount came in effect from December 1, 2021, and a whole month before that, many customers bought cars and waited until December to register. Hence, the automobile market at the end of the year grew strongly.
Along with the pandemic that is gradually being controlled, the Government's preferential policies will help the auto market in early 2022 to prosper. Accordingly, imports of auto parts and accessories are expected to increase again next month.
(Eleven months of 2021)
Source: The Ministry of Industry and Trade
