The VinFast VF 8 is the best-selling vehicle in Vietnam in May.
According to local manufacturers association VAMA, new vehicle sales in Vietnam sink -52.7% year-on-year in May to just 20,726 units, leading to a year-to-date tally off -35.7% to 113,527. When adding Hyundai and VinFast EV who report separately from VAMA, the market is down -48.8% to 27,297 for the month and off -34.8% YTD to 143,998.
In the manufacturers aisle, Thaco-Kia (-60.2%) reclaims the top spot for the first time since last July with 14.7% share but remains #3 year-to-date. Toyota (-64.7%) follows with 13.7% share while Hyundai (-44.9%) falls to third place but stays #1 so far this year. VinFast EVs hold onto the 4th spot with a splendid 11% share with Ford (-3.1%) resisting very well at #5. Below, we find Mazda (-47.4%), Mitsubishi (-45%), Suzuki (-1.5%) and Honda (-44.8%).
As far as models are concerned, we have another surprise in the pole position: one month after the VinFast VF e34 took the lead, it is now the time of the Vinfast VF 8 to snap the top spot with 4.7% share. In 2nd place and up 475.1% year-on-year is the Suzuki Super Carry, now ranking #14 year-to-date. The Mitsubishi Xpander (-40.8%) is back up three ranks on last month to #3 and is still #1 year-to-date. The Honda City (-37.8%) and Toyota Corolla Cross (-40.9%) round out the Top 5. The VinFast VF e34 (+114.3%) ranks 6th for the month and 7th so far this year.
Previous month: Vietnam April 2023: Vinfast VF e34 overall best-seller, VF 8 in 4th place, market off -40.5%
One year ago: Vietnam May 2022: Toyota Vios back in charge in market surging 71.3%
Full May 2023 Top 18 All brands and Top 65 All models below.
Note: some brands such as BMW, Lexus, Mini and Peugeot don’t share models detail. The brands ranking includes medium and heavy commercial vehicles, the models ranking does not.
Vietnam May 2023 – brands:
| Pos | Brand | May-23 | % | /22 | Apr | 2023 | % | /22 | Pos | FY22 |
| 1 | Thaco-Kia | 4,017 | 14.7% | -60.2% | 2 | 20,926 | 14.5% | -50.6% | 3 | 2 |
| 2 | Toyota | 3,734 | 13.7% | -64.7% | 3 | 21,547 | 15.0% | -43.2% | 2 | 1 |
| 3 | Hyundai | 3,575 | 13.1% | -44.9% | 1 | 22,903 | 15.9% | -28.7% | 1 | 3 |
| 4 | VinFast (EVs only) | 2,996 | 11.0% | -1.8% | 4 | 8,483 | 5.9% | -30.5% | 7 | 8 |
| 5 | Ford | 2,336 | 8.6% | -3.1% | 5 | 14,302 | 9.9% | 86.6% | 4 | 7 |
| 6 | Mazda | 2,311 | 8.5% | -47.4% | 6 | 11,339 | 7.9% | -35.3% | 5 | 5 |
| 7 | Mitsubishi | 1,803 | 6.6% | -45.0% | 8 | 10,583 | 7.3% | -33.2% | 6 | 4 |
| 8 | Suzuki | 1,769 | 6.5% | -1.5% | 9 | 6,716 | 4.7% | -15.3% | 9 | 9 |
| 9 | Honda | 1,757 | 6.4% | -44.8% | 7 | 8,069 | 5.6% | -56.4% | 8 | 6 |
| 10 | Isuzu | 780 | 2.9% | -21.0% | 10 | 3,263 | 2.3% | -30.3% | 10 | 10 |
| 11 | Peugeot | 170 | 0.6% | -89.6% | 11 | 1,047 | 0.7% | -82.2% | 11 | 11 |
| 12 | Lexus | 168 | 0.6% | 26.3% | 12 | 645 | 0.4% | -14.9% | 14 | 14 |
| 13 | BMW+Mini | 131 | 0.5% | 24.8% | 14 | 744 | 0.5% | 15.0% | 13 | 15 |
| 14 | Hino | 129 | 0.5% | -77.4% | 13 | 910 | 0.6% | -59.7% | 12 | 12 |
| 15 | Hyundai Trucks | 116 | 0.4% | -48.2% | 15 | 430 | 0.3% | -59.8% | 15 | 13 |
| 16 | Samco | 21 | 0.1% | -19.2% | 16 | 81 | 0.1% | -18.2% | 17 | 17 |
| 17 | VEAM | 17 | 0.1% | -70.2% | 17 | 97 | 0.1% | -67.2% | 16 | 16 |
| 18 | Daewoo Bus | 7 | 0.0% | 133.3% | 18 | 34 | 0.0% | 240.0% | 18 | 18 |
Vietnam May 2023 – models:
| Pos | Model | May-23 | % | /22 | Apr | 2023 | % | /22 | Pos | FY22 |
| 1 | VinFast VF 8 | 1,274 | 4.7% | new | 4 | 3,371 | 2.3% | new | 13 | n/a |
| 2 | Suzuki Super Carry | 1,179 | 4.3% | 475.1% | 9 | 3,304 | 2.3% | 77.5% | 14 | 34 |
| 3 | Mitsubishi Xpander | 1,171 | 4.3% | -40.8% | 6 | 6,699 | 4.7% | -10.7% | 1 | 3 |
| 4 | Honda City | 1,035 | 3.8% | -37.8% | 5 | 4,623 | 3.2% | -48.3% | 5 | 6 |
| 5 | Toyota Corolla Cross | 1,014 | 3.7% | -40.9% | 3 | 5,741 | 4.0% | -39.3% | 4 | 4 |
| 6 | VinFast VF e34 | 960 | 3.5% | 114.3% | 1 | 4,065 | 2.8% | 199.1% | 7 | n/a |
| 7 | Ford Ranger | 932 | 3.4% | -44.4% | 2 | 6,015 | 4.2% | 19.7% | 2 | 5 |
| 8 | Hyundai Accent | 920 | 3.4% | -49.6% | 7 | 5,913 | 4.1% | -35.4% | 3 | 2 |
| 9 | Mazda CX-5 | 911 | 3.3% | -51.5% | 8 | 4,177 | 2.9% | -43.2% | 6 | 8 |
| 10 | Kia Sonet | 866 | 3.2% | -40.4% | 14 | 3,476 | 2.4% | -14.2% | 11 | 16 |
| 11 | Ford Everest | 635 | 2.3% | 21.6% | 10 | 3,898 | 2.7% | 167.5% | 8 | 21 |
| 12 | Toyota Veloz | 590 | 2.2% | new | 12 | 3,640 | 2.5% | new | 10 | 7 |
| 13 | Toyota Vios | 586 | 2.1% | -84.9% | 11 | 3,476 | 2.4% | -69.1% | 12 | 1 |
| 14 | Hyundai Creta | 498 | 1.8% | -46.7% | 13 | 3,782 | 2.6% | 85.1% | 9 | 10 |
| 15 | Kia Seltos | 450 | 1.6% | -74.1% | 16 | 2,501 | 1.7% | -65.2% | 18 | 9 |
| 16 | Toyota Raize | 441 | 1.6% | -45.6% | 18 | 2,629 | 1.8% | -15.5% | 17 | 22 |
| 17 | VinFast VF 9 | 430 | 1.6% | new | 36 | 679 | 0.5% | new | 47 | – |
| 18 | Ford Territory | 416 | 1.5% | new | 15 | 2,852 | 2.0% | new | 16 | 41 |
| 19 | Kia Carnival | 410 | 1.5% | -68.1% | 20 | 2,056 | 1.4% | -59.0% | 19 | 17 |
| 20 | Hyundai Grand i10 | 407 | 1.5% | -59.3% | 19 | 3,146 | 2.2% | -39.9% | 15 | 12 |
| 21 | Mazda3 | 405 | 1.5% | -73.0% | 22 | 2,014 | 1.4% | -56.2% | 20 | 14 |
| 22 | Mazda2 | 386 | 1.4% | 88.3% | 23 | 1,809 | 1.3% | 66.4% | 23 | 30 |
| 23 | VinFast VF 5 Plus | 332 | 1.2% | new | 54 | 368 | 0.3% | new | 53 | – |
| 24 | Ford Transit | 329 | 1.2% | 84.8% | 17 | 1,398 | 1.0% | 125.1% | 28 | 39 |
| 25 | Honda CR-V | 326 | 1.2% | -56.2% | 31 | 1,495 | 1.0% | -72.2% | 27 | 15 |
| 26 | Mitsubishi Attrage | 319 | 1.2% | -48.3% | 26 | 1,989 | 1.4% | -45.7% | 22 | 20 |
| 27 | Honda HR-V | 298 | 1.1% | 166.1% | 21 | 1,342 | 0.9% | 4.8% | 29 | 40 |
| 28 | Toyota Fortuner | 287 | 1.1% | -66.8% | 27 | 1,548 | 1.1% | -57.3% | 26 | 19 |
| 29 | Hyundai Santa Fe | 279 | 1.0% | -55.0% | 25 | 1,991 | 1.4% | -55.0% | 21 | 13 |
| 30 | Suzuki Carry | 279 | 1.0% | -55.0% | 30 | 1,776 | 1.2% | -20.9% | 24 | 27 |
| 31 | Hyundai Stargazer | 273 | 1.0% | new | 24 | 1,727 | 1.2% | new | 25 | 50 |
| 32 | Mazda CX-8 | 216 | 0.8% | -27.5% | 38 | 1,010 | 0.7% | -47.9% | 38 | 32 |
| 33 | Suzuki XL7 | 215 | 0.8% | -72.9% | 29 | 1,239 | 0.9% | -57.5% | 31 | 23 |
| 34 | Kia Carens | 205 | 0.8% | new | 34 | 1,185 | 0.8% | new | 34 | 51 |
| 35 | Toyota Innova | 205 | 0.8% | -59.5% | 37 | 955 | 0.7% | -17.9% | 39 | 36 |
| 36 | Toyota Avanza | 203 | 0.7% | -88.9% | 42 | 1,196 | 0.8% | -70.1% | 33 | 35 |
| 37 | Kia K3 | 200 | 0.7% | -88.1% | 32 | 1,295 | 0.9% | -81.3% | 30 | 11 |
| 38 | Toyota Camry | 198 | 0.7% | -56.3% | 33 | 1,207 | 0.8% | -46.8% | 32 | 26 |
| 39 | Hyundai Tucson | 167 | 0.6% | -74.3% | 28 | 1,157 | 0.8% | -65.6% | 36 | 18 |
| 40 | Kia Sportage | 160 | 0.6% | n/a | 35 | 1,162 | 0.8% | n/a | 35 | 37 |
| 41 | Mitsubishi Outlander | 150 | 0.5% | -70.5% | 44 | 749 | 0.5% | -66.6% | 41 | 25 |
| 42 | Hyundai Elantra | 148 | 0.5% | 21.3% | 39 | 1,025 | 0.7% | -23.5% | 37 | 38 |
| 43 | Mitsubishi Triton | 142 | 0.5% | 89.3% | 49 | 824 | 0.6% | -49.3% | 40 | 24 |
| 44 | Toyota Corolla | 124 | 0.5% | -69.1% | 41 | 743 | 0.5% | -41.3% | 42 | 31 |
| 45 | Kia Morning | 120 | 0.4% | -80.0% | 45 | 723 | 0.5% | -74.6% | 44 | 29 |
| 46 | Mazda CX-3 | 117 | 0.4% | -24.0% | 47 | 729 | 0.5% | -27.9% | 43 | 43 |
| 47 | Kia Sorento | 103 | 0.4% | -88.0% | 40 | 711 | 0.5% | -73.1% | 45 | 28 |
| 48 | Mazda6 | 103 | 0.4% | -32.7% | 48 | 512 | 0.4% | -1.3% | 49 | 47 |
| 49 | Mazda CX-30 | 102 | 0.4% | -46.0% | 46 | 683 | 0.5% | -1.7% | 46 | 45 |
| 50 | Kia K5 | 91 | 0.3% | -40.5% | 53 | 385 | 0.3% | -60.3% | 52 | 46 |
| 51 | Honda Civic | 90 | 0.3% | -69.0% | 43 | 583 | 0.4% | -40.3% | 48 | 44 |
| 52 | Kia Soluto | 90 | 0.3% | -71.0% | 50 | 457 | 0.3% | -80.5% | 50 | 33 |
| 53 | Mazda BT-50 | 71 | 0.3% | 317.6% | 51 | 405 | 0.3% | 27.8% | 51 | 54 |
| 54 | Suzuki Swift | 48 | 0.2% | -35.1% | 57 | 171 | 0.1% | -52.4% | 57 | 56 |
| 55 | Suzuki Ertiga | 45 | 0.2% | -54.5% | 56 | 212 | 0.1% | -60.8% | 56 | 52 |
| 56 | Toyota Land Cruiser | 27 | 0.1% | 35.0% | 55 | 164 | 0.1% | 51.9% | 58 | 63 |
| 57 | Isuzu D-Max | 25 | 0.1% | 66.7% | 59 | 279 | 0.2% | -27.9% | 55 | 55 |
| 58 | Toyota Prado | 25 | 0.1% | -21.9% | 64 | 55 | 0.0% | -77.1% | 63 | 61 |
| 59 | Ford Explorer | 24 | 0.1% | -31.4% | 60 | 139 | 0.1% | -69.2% | 59 | 53 |
| 60 | Toyota Hilux | 23 | 0.1% | n/a | 58 | 56 | 0.0% | 409.1% | 62 | 69 |
| 61 | Mitsubishi Pajero Sport | 21 | 0.1% | -78.8% | 52 | 322 | 0.2% | -59.7% | 54 | 49 |
| 62 | Isuzu MU-X | 19 | 0.1% | -67.2% | 61 | 70 | 0.0% | -64.6% | 61 | 60 |
| 63 | Honda Accord | 8 | 0.0% | -70.4% | 65 | 26 | 0.0% | -80.9% | 65 | 62 |
| 64 | Toyota Alphard | 7 | 0.0% | 75.0% | 63 | 49 | 0.0% | 53.1% | 64 | 65 |
| 65 | Toyota Yaris | 4 | 0.0% | -90.0% | 62 | 88 | 0.1% | -75.8% | 60 | 57 |
| 66 | Suzuki Ciaz | 3 | 0.0% | -40.0% | 66 | 14 | 0.0% | 180.0% | 66 | 66 |
Source: VAMA, Hyundai, VinFast
