INDUSTRIES & MARKETS

Automotive industry in
Vietnam
 Table of Contents

01 Overview 04 Sales
Vehicle to population ratio ASEAN 2012-2021, by country 04 Sales volume of passenger vehicles in Vietnam 2014-2022 23
Motor vehicle sales volume ASEAN 2021, by country 05 Sales volume of passenger vehicles in Vietnam 2022, by type 24
Sales volume of cars in Vietnam 2022, by type 06 Sales volume of commercial vehicles in Vietnam 2014-2022 25
Number of passenger cars sold Vietnam 2022, by region 07 Sales volume of commercial vehicles in Vietnam 2022, by type 26
Sales volume of special-purpose vehicles in Vietnam 2014-2022 27
02 Key indicators Sales volume of trucks in Vietnam 2014-2022 28

Passenger car revenue in Vietnam 2014-2027 09 Sales volume of trucks in Vietnam 2022, by type 29

Passenger car revenue in Vietnam 2022, by type 10 Sales volume of buses in Vietnam 2014-2022 30

Passenger car prices in Vietnam 2014-2027 11 Sales volume of buses in Vietnam 2022, by type 31

Passenger car prices in Vietnam 2022, by type 12 Sales volume of bus chassis in Vietnam 2014-2022 32

Passenger cars in Vietnam 2022, by fuel or drive-type 13

05 Leading manufacturers
03 Production and imports Market share of major automobile manufacturers Vietnam 2022 34

Cars production volume Vietnam 2011-2021 15 Passenger car maker market share in Vietnam 2022 35

Cars import value Vietnam 2011-2021 16 Revenue of passenger car maker market share in Vietnam 2022 36

Cars import volume Vietnam 2011-2021 17 Thaco Group sales volume Vietnam 2017-2022 37

Cars import volume Vietnam 2021, by type 18 Toyota sales volume Vietnam 2017-2022 38

Cars with 9-seater or fewer import volume Vietnam 2011-2021 19

Cars with more than 9 seats import volume Vietnam 2011-2021 20 06 Consumer behavior
Trucks import volume Vietnam 2011-2021 21 Investment preference among people Vietnam 2021, by major investment 40

1
 Table of Contents

Interest in owning a car among people Vietnam 2021 41

Motivations for owning a car among people Vietnam 2021 42
Perception towards car owners among people Vietnam 2021 43

2
CHAPTER 01

Overview
 Vehicle to population ratio in Southeast Asia from 2012 to 2021, by
country (per 1,000 population)
Vehicle to population ratio ASEAN 2012-2021, by country

Brunei Cambodia Indonesia Laos Malaysia Myanmar Philippines Singapore Thailand

2012 595.3 18.4 384.5 197.8 769.3 71.3 77.3 182.6 488.4
2013 642.5 19.2 417.6 216.6 788.4 78.5 78.3 180.4 518.7
2014 713.8 23.1 449.5 231.6 817.4 94.4 80.9 177.7 534.8
2015 948.1 26.2 472.6 257.4 843.4 102.7 85.7 172.9 546.3
2016 935.6 34 495.4 272.6 872.9 115.8 89.6 170.6 553.5
2017 970.8 28.1 499.6 286.6 897.4 127.4 99.2 171.4 566.3
2018 962.9 36.3 533 300.2 925.1 134.6 108.8 169.7 583.1
2019 956.5 39.7 473.6 313.6 958.1 135.6 117.5 170.6 598.8
2020 997.8 27.9 485.1 337.1 993.7 138.8 109 171.3 608.7
2021 536.1 1030.5 52.4 181.2 648.9

4 Description: In 2020, Brunei had the highest vehicle to population ratio among Southeast Asian countries, with around 997.8 vehicles per 1,000 population. In contrast, there were approximately 27.9 vehicles per 1,000 population in Cambodia that year. Read more
Note(s): Asia; 2012 to 2021
Source(s): ASEAN
 Number of motor vehicles sold in Southeast Asia in 2021, by country (in
1,000s)
Motor vehicle sales volume ASEAN 2021, by country

Number of motor vehicles in thousands

0 100 200 300 400 500 600 700 800 900 1,000

Indonesia 887.2

Thailand 754.25

Malaysia 508.91

Vietnam 304.15

Philippines 268.49

Singapore 58.95

Myanmar 9.35

5 Description: In 2021, Indonesia had the highest number of motor vehicle sales across the Southeast Asian countries, in which over 887 thousand sales were generated. Alternatively, Myanmar sold just around nine thousand motor vehicles in 2021. Read more
Note(s): Asia; 2021
Source(s): ASEAN Automotive Federation
 Sales volume of vehicles in Vietnam in 2022, by type (in 1,000s)
Sales volume of cars in Vietnam 2022, by type

Number of sold units in thousands

0 50 100 150 200 250 300

Passenger vehicles 284.32

Commercial vehicles 70.41

Trucks 66.58

Buses 3.83

Special-purpose vehicles 3.34

Bus chassis 0.01

6 Description: In 2022, passenger car sales accounted for the largest share of the total sales volume of vehicles in Vietnam, with 284 thousand units. In that year, the total sales volume of vehicles in Vietnam amounted to about 358 thousand units. Read more
Note(s): Vietnam; 2022
Source(s): VAMA
 Number of passenger cars sold in Vietnam in 2022, by region (in 1,000
units)
Number of passenger cars sold Vietnam 2022, by region

140

121.53
120 116.45
Number of sold units in thousands

100

80

60
46.34

40

20

0
North Central South

7 Description: In 2022, the Northern region of Vietnam was the largest market for passenger cars, with approximately 121.5 thousand units sold, accounting for 42.7 percent of the total sales. Meanwhile, passenger car sales in the Southern and Central regions
amounted to 116.45 and 46.34 thousand units, respectively. Overall, the total sales volume of passenger cars in the country reached 284.3 thousand units. Read more
Note(s): Vietnam; 2022
Source(s): VAMA
CHAPTER 02

Key indicators
 Revenue of passenger cars in Vietnam from 2014 to 2027 (in billion U.S.
dollars)
Passenger car revenue in Vietnam 2014-2027

8
7.1
7 6.73 6.66
6.09 6.21 6.12 6.13 6.06
6 5.63
Revenue in billion U.S. dollars

5.43
4.95
5 4.7

4 3.64

3
2.47

0
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027

9 Description: In 2022, the passenger car market in Vietnam generated a revenue of around 5.4 billion U.S dollars. The Statista Mobility Market Outlook estimates that the market will increase to six billion dollars in 2027. Read more
Note(s): Vietnam
Source(s): Statista; Statista Mobility Market Insights
 Revenue of passenger cars in Vietnam in 2022, by type (in billion U.S.
dollars)
Passenger car revenue in Vietnam 2022, by type

Revenue in billion U.S. dollars

0.0 0.5 1.0 1.5 2.0 2.5

SUVs

Medium Cars

Large Cars

Minivans

Sports Cars

Pickup Trucks

Small Cars

Mini Cars

Executive Cars

Luxury Cars

Full-Size Vans

10 Description: In 2022, the passenger car market in Vietnam generated a revenue of around 5.4 billion U.S dollars. The strongest segment was the SUV market, followed by the medium car segment. Luxury cars, mini cars, and executive cars were the market segments
with the smallest overall revenue. Read more
Note(s): Vietnam
Source(s): Statista; Statista Mobility Market Insights
 Average price of a passenger car in Vietnam from 2014 to 2027 (in U.S.
dollars)
Passenger car prices in Vietnam 2014-2027

35,000 32,920
32,370 32,519 32,729 32,854 32,680
31,012 31,032 31,179 31,652
30,900 30,750 30,784 30,938
30,000
Average price in U.S. dollars

25,000

20,000

15,000

10,000

5,000

0
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027

11 Description: In 2022, the average price across all segments for a passenger car in Vietnam was 32 thousand U.S. dollars. This was a slight increase in price over the previous year. The Statista Mobility Market Outlook estimates that the average price for such a car will
remain more or less stable over the next few years. Read more
Note(s): Vietnam
Source(s): Statista; Statista Mobility Market Insights
 Average price of a passenger car in Vietnam in 2022, by type (in thousand
U.S. dollars)
Passenger car prices in Vietnam 2022, by type

Average price in thousand U.S. dollars

0 10 20 30 40 50 60 70 80

Luxury Cars 66.86

Sports Cars 61.97

Executive Cars 45.9

Large Cars 43.74

Pickup Trucks 40.22

SUVs 33.94

Full-Size Vans 31.76

Minivans 28.24

Medium Cars 25.56

Mini Cars 17.33

Small Cars 15.16

12 Description: In 2022, the Statista Mobility Market Outlook estimates the average price of a luxury car in Vietnam to be around 67 thousand U.S. dollars, making this class the most expensive passenger vehicle segment in the country. Sports cars and executive cars
were the second and third most expensive passenger cars. Read more
Note(s): Vietnam
Source(s): Statista; Statista Mobility Market Insights
 Breakdown of passenger cars in Vietnam in 2022, by fuel or drive-type
Passenger cars in Vietnam 2022, by fuel or drive-type

Market share
0% 10% 20% 30% 40% 50% 60% 70% 80% 90%

Petrol 80.49%

Electric 8.66%

Hybrid 7.81%

Diesel 3.04%

13 Description: In 2022, the vast majority of passenger cars in Vietnam had petrol engines. Only around 20 percent of all passenger cars used diesel, electric, or hybrid engines. Read more
Note(s): Vietnam
Source(s): Statista; Statista Mobility Market Insights
CHAPTER 03

Production and imports

 Production volume of automobiles in Vietnam from 2011 to 2021 (in 1,000
units)
Cars production volume Vietnam 2011-2021

350

307.39
300 287.12
267.1
Production volume in thousand units

254.9 257.55
250 240.9

192.8
200

150 134
108.2
101.1
100 86.9

50

0
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021*

15 Description: In 2021, the production volume of automobiles in Vietnam amounted to approximately 307.4 thousand units, indicating an increase from the previous year. In that same period, the production of car tires reached around 30.8 million pieces in the country.
Read more
Note(s): Vietnam; 2011 to 2021; * Preliminary figures. Figures have been rounded. Read more
Source(s): General Statistics Office of Vietnam
 Value of assembled automobile imports in Vietnam from 2011 to 2021 (in
billion U.S. dollars)
Cars import value Vietnam 2011-2021

4.0
3.65

3.5
3.17
2.99
Import value in billion U.S. dollars

3.0

2.5 2.41 2.34

2.26

2.0 1.83
1.57
1.5

1.03
1.0
0.75
0.59
0.5

0.0
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021*

16 Description: In 2021, the value of automobile imports in Vietnam amounted to approximately 3.7 billion U.S. dollars, indicating a significant increase from the year before. The import value of these products in the country had been fluctuating in the past decade. Read
more
Note(s): Vietnam; 2011 to 2021; * Preliminary figures. Figures have been rounded. Figures prior to 2018 were from previous reporting. Read more
Source(s): General Statistics Office of Vietnam
 Volume of assembled automobile imports in Vietnam from 2011 to 2021
(in 1,000 units)
Cars import volume Vietnam 2011-2021

180
159.88
160
139.83
140
Import volume in thousand units

126.16
120 112.93
104.57
97.48
100
83.04
80 70.52

60 54.65

40 35.79
26.68

20

0
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021*

17 Description: In 2021, approximately 160 thousand automobiles were imported into Vietnam. In that same period, the import value of cars in the country amounted to around 3.7 billion U.S. dollars. Read more
Note(s): Vietnam; 2011 to 2021; * Preliminary figures. Figures have been rounded. Figures prior to 2018 were from previous reporting. Read more
Source(s): General Statistics Office of Vietnam
 Volume of assembled automotive vehicle imports in Vietnam in 2021, by
type (in 1,000 units)
Cars import volume Vietnam 2021, by type

Import volume in thousand units

0 20 40 60 80 100 120 140 160 180

Car with more than 9 seats 0.38

Car with 9 seats or less 109.73

Motor truck 34.78

Others 14.99

Total 159.88

18 Description: In 2021, the import volume of cars with nine seats or fewer amounted to around 109.7 thousand in Vietnam. Approximately 159.9 thousand cars were imported into the country that year. Read more
Note(s): Vietnam; 2021; figures are preliminary
Source(s): General Statistics Office of Vietnam
 Volume of assembled automobile with 9 seats or fewer imports in Vietnam
from 2011 to 2021 (in 1,000 units)
Cars with 9-seater or fewer import volume Vietnam 2011-2021

120
109.73
103.35
100
Import volume in thousand units

80 74.03

60 55.3
51.43 50.6

38.93
40
31.54

19.29
20 13.66 15.5

0
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021*

19 Description: In 2021, approximately 109.7 thousand nine-seater or fewer automobiles were imported into Vietnam. This reflected a significant increase compared to the previous year where there were around 74 thousand of these vehicles imported into the country.
Read more
Note(s): Vietnam; 2011 to 2021; * Preliminary figures. Figures have been rounded. Figures prior to 2018 were from previous reporting. Read more
Source(s): General Statistics Office of Vietnam
 Volume of assembled automobile with more than 9 seats imports in
Vietnam from 2011 to 2021
Cars with more than 9 seats import volume Vietnam 2011-2021

1,400
1,255

1,200

1,000 933
901
801
Import volume

800 767

625
597
600 518

383
400

180 176
200

0
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021*

20 Description: In 2021, approximately 383 automobiles with more than nine seats were imported into Vietnam. In the same period, the import of 9-seater or fewer cars in the country amounted to around 109.7 thousand units. Read more
Note(s): Vietnam; 2011 to 2021; * Preliminary figures. Figures have been rounded. Figures prior to 2018 were from previous reporting. Read more
Source(s): General Statistics Office of Vietnam
 Volume of motor truck imports in Vietnam from 2011 to 2021 (in 1,000
units)
Trucks import volume Vietnam 2011-2021

60

48.99
50 47.42
44.99
Import volume in thousand units

40
34.78

28.86
30
23.48 24.3 23.23

20
14.28 15.33

8.76
10

0
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021*

21 Description: In 2021, approximately 34.8 thousand motor trucks were imported into Vietnam. This reflected an increase compared to the previous year. The import volume of these vehicles in the country had been fluctuating in the past decade. Read more
Note(s): Vietnam; 2011 to 2021; * Preliminary figures. Figures have been rounded. Figures prior to 2018 were from previous reporting. Read more
Source(s): General Statistics Office of Vietnam
CHAPTER 04

Sales
 Sales volume of passenger cars in Vietnam from 2014 to 2022 (in 1,000s)
Sales volume of passenger vehicles in Vietnam 2014-2022

300 284.32

250
229.54
Number of sold units in thousands

215.91
203.77
200 192.08

159.5
146.99
150
117.29

100
79.81

50

0
2014 2015 2016 2017 2018 2019 2020 2021 2022

23 Description: In 2022, the sales volume of passenger vehicles in Vietnam amounted to about 284 thousand units. In that year, total car sales reached about 358 thousand units. Read more
Note(s): Vietnam; 2014 to 2022
Source(s): VAMA
 Sales volume of passenger cars in Vietnam in 2022, by selected types (in
1,000s)
Sales volume of passenger vehicles in Vietnam 2022, by type

Number of sold units in thousands

0 10 20 30 40 50 60 70 80 90 100

Sedans 90.98

Sport utility vehicles (SUV) 85.9

Multi-purpose vehicles (MPV) 55.29

Cross-over cars 34.54

Hatchback 4.62

24 Description: In 2022, the sales volume of sedans in Vietnam amounted to about 91 thousand units. In that year, total passenger car sales reached about 284 thousand units. Read more
Note(s): Vietnam; 2022
Source(s): VAMA
 Sales volume of commercial cars in Vietnam from 2014 to 2022 (in 1,000s)
Sales volume of commercial vehicles in Vietnam 2014-2022

120

99.09
100 93.51
Number of sold units in thousands

81.38
78.98
80
72.83
70.12 70.41
65.63

60
48.95

40

20

0
2014 2015 2016 2017 2018 2019 2020 2021 2022

25 Description: In 2022, the sales volume of commercial vehicles in Vietnam amounted to about 70.4 thousand units. In that year, total car sales reached about 358 thousand units. Read more
Note(s): Vietnam; 2014 to 2022
Source(s): VAMA
 Sales volume of commercial cars in Vietnam in 2022, by type (in 1,000s)
Sales volume of commercial vehicles in Vietnam 2022, by type

70 66.58

60
Number of sold units in thousands

50

40

30

20

10
3.83

0
Trucks Buses

26 Description: In 2022, the sales volume of trucks in Vietnam amounted to about 66.6 thousand units. In that year, total commercial car sales reached about 70.4 thousand units. Read more
Note(s): Vietnam; 2022; including bus chassises
Source(s): VAMA
 Sales volume of special-purpose cars in Vietnam from 2014 to 2022 (in
1,000s)
Sales volume of special-purpose vehicles in Vietnam 2014-2022

14 13.24

12
Number of sold units in thousands

9.9 10.11
10

5.75
6
4.81

4 3.19 3.26 3.34

2.44
2

0
2014 2015 2016 2017 2018 2019 2020 2021 2022

27 Description: In 2022, the sales volume of special-purpose vehicles in Vietnam amounted to about 3.3 thousand units. In that year, total car sales reached about 358 thousand units. Read more
Note(s): Vietnam; 2014 to 2022
Source(s): VAMA
 Sales volume of trucks in Vietnam from 2014 to 2022 (in 1,000s)
Sales volume of trucks in Vietnam 2014-2022

90
84.32
81.03
80

69.2 68.53 68.13 66.58

Number of sold units in thousands

70
64.35 63.1
60

50
40.2
40

30

20

10

0
2014 2015 2016 2017 2018 2019 2020 2021 2022

28 Description: In 2022, the sales volume of trucks in Vietnam amounted to about 66.6 thousand units. In that year, total car sales reached about 358 thousand units. Read more
Note(s): Vietnam; 2014 to 2022
Source(s): VAMA
 Sales volume of trucks in Vietnam in 2022, by type (in 1,000s)
Sales volume of trucks in Vietnam 2022, by type

Number of sold units in thousands

0 5 10 15 20 25

Pick-ups 22.76

Small trucks 16.44

Other trucks 15.51

Light trucks 10.07

Vans 1.66

Medium trucks 0.14

29 Description: In 2022, the sales volume of pick-up trucks in Vietnam amounted to about 22.8 thousand units. In that year, total truck sales reached about 66.6 thousand units. Read more
Note(s): Vietnam; 2022
Source(s): VAMA
 Sales volume of buses in Vietnam from 2014 to 2022 (in 1,000s)
Sales volume of buses in Vietnam 2014-2022

16
14.77

14
12.18 12.48
Number of sold units in thousands

12
10.45
10
8.75 8.48
8

3.83
4
2.54
2.04
2

0
2014 2015 2016 2017 2018 2019 2020 2021 2022

30 Description: In 2022, the sales volume of buses in Vietnam amounted to about 3.38 thousand units. In that year, total car sales reached about 358 thousand units. Read more
Note(s): Vietnam; 2014 to 2022
Source(s): VAMA
 Sales volume of buses in Vietnam in 2022, by type
Sales volume of buses in Vietnam 2022, by type

Number of sold units

0 500 1,000 1,500 2,000 2,500 3,000

Minibuses 2,790

Large buses 870

Bus chassises 135

Medium buses 116

City buses 55

31 Description: In 2022, the sales volume of minibuses in Vietnam amounted to about 2,790 units. In that year, total bus sales reached about 3.8 thousand units. Read more
Note(s): Vietnam; 2022
Source(s): VAMA
 Sales volume of bus chassis in Vietnam from 2014 to 2022
Sales volume of bus chassis in Vietnam 2014-2022

1,600
1,477

1,400
1,236
1,200

997
Number of sold units

1,000
882

800

592
600

379
400
296

200 108 135

0
2014 2015 2016 2017 2018 2019 2020 2021 2022

32 Description: In 2022, the sales volume of bus chassis in Vietnam amounted to about 135 units. In that year, total car sales reached about 358 thousand units. Read more
Note(s): Vietnam; 2014 to 2022
Source(s): VAMA
CHAPTER 05

Leading manufacturers
 Market share of leading automobile manufacturers in Vietnam in 2022
Market share of major automobile manufacturers Vietnam 2022

Market share
0% 5% 10% 15% 20% 25% 30% 35% 40%

Thaco Group* 36%

Toyota 25.4%
Mitsubishi Vietnam (Vinastar) 11.1%
Honda 8.6%
Ford 8.1%
Visuco (Suzuki) 4.5%
Isuzu 3.1%
Hino 1.6%
Do Thanh 0.4%
Lexus 0.4%
VEAM 0.1%
Vinamotor 0.1%
SAMCO 0.1%

34 Description: Based on sales volume in 2022, Thaco Group was the leading automobile manufacturer in Vietnam. Thaco Group held a 36 percent share of the market that year, followed by Toyota with a 25.4 percent share of the market. Read more
Note(s): Vietnam; 2022; figures are the year-to-month (YTM) market share in 2022; based on sales volume; *The Thaco Group includes Thaco Kia, Thaco Bus, Thaco Truck, Thaco Mazda, Peugeot and Thaco Premium BMW+MINI. Read more
Source(s): VAMA
 Market share of passenger car makers based on unit sales in Vietnam in
2022
Passenger car maker market share in Vietnam 2022

Market share
0% 5% 10% 15% 20% 25%

Toyota 22.5%

Nissan 21.7%

Kia 18.1%

Citroën 12.7%

JAC 9%

Cadillac 5.9%

SSangYong 5.6%

MG 4.6%

35 Description: In 2022, the number of the passenger cars sold in Vietnam increased to 168 thousand generating a revenue of 5.4 billion U.S. dollars. The biggest market share of passenger car manufacturers according to unit sales was Toyota with 22.5 percent, followed
by Nissan with 21.7 percent. Read more
Note(s): Vietnam
Source(s): Statista; Statista Mobility Market Insights
 Market share of passenger car makers based on revenue in Vietnam in
2022
Revenue of passenger car maker market share in Vietnam 2022

Market share
0% 5% 10% 15% 20% 25% 30%

Toyota 24.1%

Nissan 23%

Kia 16.6%

Cadillac 14%

Citroën 10.8%

SSangYong 4.9%

JAC 4.5%

MG 2.1%

36 Description: In 2022, the number of the passenger cars sold in Vietnam increased to 168 thousand units, generating a revenue of 5.4 billion U.S. dollars. The biggest market share of passenger car manufacturers was Toyota with 24.1 percent, followed by Nissan at 23
percent. Read more
Note(s): Vietnam
Source(s): Statista; Statista Mobility Market Insights
 Vehicle sales volume of Thaco Group in Vietnam from 2017 to 2022 (in
1,000s)
Thaco Group sales volume Vietnam 2017-2022

140
130.3

120
104.26
Number of sold units in thousands

100.73
100 96.13
89.6 91.71

80

60

40

20

0
2017 2018 2019 2020 2021 2022

37 Description: In 2022, Thaco Group sold over 130 thousand vehicles in Vietnam. This includes the sales of Thaco's subsidiaries and joint ventures, including Thaco Kia, Thaco Mazda, Peugeot, Thaco Bus, and Thaco Truck. Thaco Group held 36 percent of the market
share that year, making it the leading automobile manufacturer based on sales volume in Vietnam. Read more
Note(s): Vietnam; 2017 to 2022; including the sales volume of Thaco Kia, Thaco Bus, Thaco Truck, Thaco Mazda, Peugeot, Thaco Premium BMW+MINI
Source(s): VAMA
 Vehicle sales volume of Toyota in Vietnam from 2017 to 2022 (in 1,000s)
Toyota sales volume Vietnam 2017-2022

100
91.12
90
79.33
80
Number of sold units in thousands

70.69
70 65.86 67.53

59.36
60

50

40

30

20

10

0
2017 2018 2019 2020 2021 2022

38 Description: In 2022, Toyota sold over 91 thousand vehicles in Vietnam. In that year, Toyota held 25.4 percent of the market share, making it the second-largest automobile manufacturer based on sales volume in Vietnam, behind the Vietnamese company Thaco
Group. Read more
Note(s): Vietnam; 2017 to 2022
Source(s): VAMA
CHAPTER 06

Consumer behavior
 Investment preference among people in Vietnam as of July 2021, by major
investment
Investment preference among people Vietnam 2021, by major investment

Share of respondents
0% 10% 20% 30% 40% 50% 60%

House 55%

Car 42%

Others 2%

40 Description: According to a survey conducted in July 2021 in Vietnam, around 55 percent of respondents stated that they would invest in a house if they had sufficient financial resources. Meanwhile, 42 percent of them would rather buy a car instead. Read more
Note(s): Vietnam; July 2021; 381 respondents; 20 years and older
Source(s): Q&Me
 Interest in owning a car among people in Vietnam as of July 2021
Interest in owning a car among people Vietnam 2021

Share of respondents
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Yes 90%

No 10%

41 Description: According to a survey conducted in July 2021 in Vietnam, around 90 percent of respondents stated that they were interested in owning a car. The same survey revealed that 42 percent of respondents regarded cars as a worthwhile investment. Read more
Note(s): Vietnam; July 2021; 381 respondents; 20 years and older
Source(s): Q&Me
 Leading motivations to own a car among people in Vietnam as of July 2021
Motivations for owning a car among people Vietnam 2021

Share of respondents
0% 10% 20% 30% 40% 50% 60% 70% 80%

Transportation convenience 73%

Safe transportation 55%

Comfort in transportation 53%

Good care for family 50%

More options for excursion 44%

Quickness in transportation 36%

Reward to myself/ family 31%

Token of success 25%

More business opportunity (e.g: Grab) 20%

Attention from others/ show off 17%

42 Description: According to a survey conducted in July 2021 in Vietnam, transportation convenience was the leading motivation to own a car among Vietnamese respondents, as stated by 73 percent of them. The same survey revealed that around 90 percent of
respondents were interested in owning a car. Read more
Note(s): Vietnam; July 2021; 381 respondents; 20 years and older
Source(s): Q&Me
 Perception towards car owners among people in Vietnam as of July 2021
Perception towards car owners among people Vietnam 2021

Share of respondents
0% 10% 20% 30% 40% 50% 60% 70% 80%

Successful 67%

Matured 51%

Rich 49%

Classy 40%

Family man 31%

Smart 19%

Ambitious 17%

Cool 14%

Snobby 3%

43 Description: According to a survey conducted in July 2021 in Vietnam, 63 percent of respondents perceived car owners as successful, while three percent of them considered car owners snobby. The same survey revealed that around 90 percent of respondents were
interested in owning a car. Read more
Note(s): Vietnam; July 2021; 381 respondents; 20 years and older
Source(s): Q&Me
 Sources

ASEAN
ASEAN Automotive Federation
General Statistics Office of Vietnam
Q&Me
Statista
Statista Mobility Market Insights
VAMA

44