HCMC – China has replaced Thailand as the second-largest automobile exporter to Vietnam in January, according to official customs data.
The General Department of Vietnam Customs reported that the nation imported 7,226 vehicles in January with a total value of US$163 million, down by 43.9% from December’s 12,881 units worth US$304 million. Imports from Indonesia, China and Thailand accounted for 95% of the total.
China exported 2,595 vehicles worth US$72.7 million to Vietnam, a 37.66% rise in volume and a 60.3% spike in value compared to the same period last year. Meanwhile, Thailand’s exports dropped to 1,631 vehicles worth US$32.5 million, down from 1,858 units and US$35.79 million in January 2024.
Indonesia remained Vietnam’s top car exporter by volume, shipping 2,621 vehicles worth US$38 million, slightly down from 2,647 units in the previous year.
China led in export value, nearly doubling Indonesia’s total. While Indonesia primarily exports economy models such as the Mitsubishi Xpander and Toyota Wigo, China supplies higher-value commercial trucks and passenger cars.
Chinese automakers, including Lynk & Co, GAC, and BYD, are expanding their presence in Vietnam, competing with well-known Japanese and South Korean brands.
Total imports of completely built-up (CBU) cars in January 2025 rose by 7.7% year-on-year, an increase of 514 units. Passenger vehicle imports with up to nine seats increased by 2.4% (131 units), while imports of commercial trucks surged by 56.6% (193 units).
