The VinFast VF e34 is the best-selling vehicle in Vietnam in April.
Data by local association VAMA shows a Vietnamese market freefalls -47.1% year-on-year in April to just 22,409 units, leading to a year-to-date volume off -30.2% to 92,801. When adding non VAMA members (Hyundai and VinFast EV sales), these figures climb to 30,799 for the month (-40.5%) and 116,701 year-to-date (-30.4%). Hyundai (-34%) is once again the best-selling manufacturer in the country with 14.9% share, followed not far behind by Thaco-Kia at 14% of the market (-54.2%) and Toyota at 13.8% (-51.2%). Local carmaker VinFast soars 56.5% to 4th place with 12.3% share, and this is by only counting EV sales. Ford (+70.6%) is even more dynamic in 5th place, with Suzuki (+23.7%) and BMW/Mini (+33.1%) the only additional manufacturers in positive.
Model-wise, there is a big surprise atop the charts: seemingly free of production backlogs, the VinFast VF e34 (+474.4%) is the overall best-seller by a large margin: it towers at 7.6% market share vs. 4.6% for the #2, the Ford Ranger (-0.4%). VinFast has launched 4 EVs in recent months: the e34, VF 8 (4th this month), VF 9 (#36) and VF 5 Plus (#54). The Toyota Corolla Cross (-43%) completes the podium as it did last month. #1 in April 2022, the Honda City (-62.3%) skids to #5, this is however much better than the #11 spot it fell to in March. Down from #1 last month to #6, the Mitsubishi Xpander (-34.4%) holds onto the year-to-date pole position. It ranked #3 over the Full Year 2022.
Previous month: Vietnam March 2023: Ford (+108.5%) again defies struggling market (-20.7%)
One year ago: Vietnam April 2022: Honda City tops market up 31.6%
Full April 2023 Top 18 All brands and Top 66 All models below.
Note: Brands data include medium and heavy commercial vehicles, models data doesn’t. Some brands such as BMW, Lexus, Mini and Peugeot don’t share models detail.
Vietnam April 2023 – brands:
| Pos | Brand | Apr-23 | % | /22 | Mar | 2023 | % | /22 | Pos | FY22 |
| 1 | Hyundai | 4,592 | 14.9% | -34.0% | 1 | 19,328 | 16.6% | -24.6% | 1 | 3 |
| 2 | Thaco-Kia | 4,318 | 14.0% | -54.2% | 3 | 16,909 | 14.5% | -47.6% | 3 | 2 |
| 3 | Toyota | 4,247 | 13.8% | -51.2% | 2 | 17,813 | 15.3% | -34.8% | 2 | 1 |
| 4 | VinFast (EVs only) | 3,798 | 12.3% | 56.5% | n/a | 5,487 | 4.7% | -40.1% | 8 | 8 |
| 5 | Ford | 3,298 | 10.7% | 70.6% | 4 | 11,966 | 10.3% | 127.8% | 4 | 7 |
| 6 | Mazda | 2,183 | 7.1% | -46.2% | 6 | 9,028 | 7.7% | -31.2% | 5 | 5 |
| 7 | Honda | 1,944 | 6.3% | -68.1% | 8 | 6,312 | 5.4% | -58.8% | 7 | 6 |
| 8 | Mitsubishi | 1,700 | 5.5% | -53.0% | 5 | 8,780 | 7.5% | -30.1% | 6 | 4 |
| 9 | Suzuki | 1,374 | 4.5% | 23.7% | 7 | 4,947 | 4.2% | -19.3% | 9 | 9 |
| 10 | Isuzu | 803 | 2.6% | -18.1% | 9 | 2,483 | 2.1% | -32.8% | 10 | 10 |
| 11 | Peugeot | 170 | 0.6% | -84.3% | 11 | 877 | 0.8% | -79.5% | 11 | 11 |
| 12 | Lexus | 168 | 0.5% | -27.3% | 12 | 477 | 0.4% | -23.7% | 14 | 14 |
| 13 | Hino | 159 | 0.5% | -61.3% | 10 | 781 | 0.7% | -53.6% | 12 | 12 |
| 14 | BMW+Mini | 157 | 0.5% | 33.1% | 13 | 613 | 0.5% | 13.1% | 13 | 15 |
| 15 | Hyundai Trucks | 94 | 0.3% | -65.2% | 14 | 314 | 0.3% | -62.8% | 15 | 13 |
| 16 | Samco | 25 | 0.1% | 66.7% | 16 | 60 | 0.1% | -17.8% | 17 | 17 |
| 17 | VEAM | 23 | 0.1% | -73.3% | 15 | 80 | 0.1% | -66.5% | 16 | 16 |
| 18 | Daewoo Bus | 4 | 0.0% | n/a | 17 | 27 | 0.0% | 285.7% | 18 | 18 |
Vietnam April 2023 – models:
| Pos | Model | Apr-23 | % | /22 | Mar | 2023 | % | /22 | Pos | FY22 |
| 1 | VinFast VF e34 | 2,332 | 7.6% | 474.4% | 21 | 3,105 | 2.7% | 240.8% | 9 | n/a |
| 2 | Ford Ranger | 1,427 | 4.6% | -0.4% | 2 | 5,083 | 4.4% | 51.8% | 2 | 5 |
| 3 | Toyota Corolla Cross | 1,310 | 4.3% | -43.0% | 3 | 4,727 | 4.1% | -39.0% | 4 | 4 |
| 4 | VinFast VF 8 | 1,232 | 4.0% | new | 25 | 2,097 | 1.8% | new | 17 | n/a |
| 5 | Honda City | 1,137 | 3.7% | -62.3% | 11 | 3,588 | 3.1% | -50.7% | 5 | 6 |
| 6 | Mitsubishi Xpander | 1,084 | 3.5% | -34.4% | 1 | 5,528 | 4.7% | 0.1% | 1 | 3 |
| 7 | Hyundai Accent | 1,050 | 3.4% | -44.7% | 4 | 4,993 | 4.3% | -31.9% | 3 | 2 |
| 8 | Mazda CX-5 | 812 | 2.6% | -55.9% | 8 | 3,266 | 2.8% | -40.4% | 7 | 8 |
| 9 | Suzuki Super Carry | 802 | 2.6% | 955.3% | 12 | 2,125 | 1.8% | 28.3% | 16 | 34 |
| 10 | Ford Everest | 754 | 2.4% | 233.6% | 5 | 3,263 | 2.8% | 249.0% | 8 | 21 |
| 11 | Toyota Vios | 695 | 2.3% | -72.4% | 6 | 2,890 | 2.5% | -60.8% | 11 | 1 |
| 12 | Toyota Veloz | 657 | 2.1% | new | 10 | 3,050 | 2.6% | new | 10 | 7 |
| 13 | Hyundai Creta | 637 | 2.1% | -39.6% | 7 | 3,284 | 2.8% | 196.4% | 6 | 10 |
| 14 | Kia Sonet | 604 | 2.0% | -36.1% | 9 | 2,610 | 2.2% | 0.5% | 13 | 16 |
| 15 | Ford Territory | 581 | 1.9% | new | 13 | 2,436 | 2.1% | new | 14 | 41 |
| 16 | Kia Seltos | 570 | 1.9% | -61.3% | 14 | 2,051 | 1.8% | -62.4% | 18 | 9 |
| 17 | Ford Transit | 519 | 1.7% | 216.5% | 35 | 1,069 | 0.9% | 141.3% | 29 | 39 |
| 18 | Toyota Raize | 509 | 1.7% | -19.2% | 17 | 2,188 | 1.9% | -4.9% | 15 | 22 |
| 19 | Hyundai Grand i10 | 494 | 1.6% | -59.7% | 16 | 2,739 | 2.3% | -35.3% | 12 | 12 |
| 20 | Kia Carnival | 440 | 1.4% | -48.1% | 19 | 1,646 | 1.4% | -55.8% | 21 | 17 |
| 21 | Honda HR-V | 433 | 1.4% | 14.2% | 30 | 1,044 | 0.9% | -10.6% | 30 | 40 |
| 22 | Mazda3 | 403 | 1.3% | -63.6% | 23 | 1,609 | 1.4% | -48.0% | 22 | 14 |
| 23 | Mazda2 | 385 | 1.3% | 256.5% | 22 | 1,423 | 1.2% | 61.3% | 25 | 30 |
| 24 | Hyundai Stargazer | 378 | 1.2% | new | 18 | 1,454 | 1.2% | new | 24 | 50 |
| 25 | Hyundai Santa Fe | 364 | 1.2% | -49.0% | 20 | 1,712 | 1.5% | -55.0% | 19 | 13 |
| 26 | Mitsubishi Attrage | 318 | 1.0% | -68.4% | 15 | 1,670 | 1.4% | -45.2% | 20 | 20 |
| 27 | Toyota Fortuner | 306 | 1.0% | -58.0% | 26 | 1,261 | 1.1% | -54.3% | 26 | 19 |
| 28 | Hyundai Tucson | 259 | 0.8% | -55.3% | 33 | 990 | 0.8% | -63.5% | 35 | 18 |
| 29 | Suzuki XL7 | 257 | 0.8% | -52.5% | 31 | 1,024 | 0.9% | -51.7% | 31 | 23 |
| 30 | Suzuki Carry | 252 | 0.8% | -46.6% | 24 | 1,497 | 1.3% | -7.9% | 23 | 27 |
| 31 | Honda CR-V | 237 | 0.8% | -88.7% | 40 | 1,169 | 1.0% | -74.8% | 27 | 15 |
| 32 | Kia K3 | 216 | 0.7% | -87.0% | 29 | 1,095 | 0.9% | -79.1% | 28 | 11 |
| 33 | Toyota Camry | 215 | 0.7% | -58.7% | 32 | 1,009 | 0.9% | -44.4% | 32 | 26 |
| 34 | Kia Carens | 213 | 0.7% | new | 36 | 980 | 0.8% | new | 36 | 51 |
| 35 | Kia Sportage | 200 | 0.6% | n/a | 34 | 1,002 | 0.9% | n/a | 33 | 37 |
| 36 | VinFast VF 9 | 198 | 0.6% | new | 54 | 249 | 0.2% | new | 54 | – |
| 37 | Toyota Innova | 189 | 0.6% | 107.7% | 38 | 750 | 0.6% | 14.2% | 39 | 36 |
| 38 | Mazda CX-8 | 180 | 0.6% | -58.1% | 37 | 794 | 0.7% | -51.6% | 38 | 32 |
| 39 | Hyundai Elantra | 173 | 0.6% | -21.0% | 39 | 877 | 0.8% | -28.0% | 37 | 38 |
| 40 | Kia Sorento | 150 | 0.5% | -69.6% | 42 | 608 | 0.5% | -65.9% | 43 | 28 |
| 41 | Toyota Corolla | 136 | 0.4% | -59.5% | 43 | 619 | 0.5% | -28.4% | 41 | 31 |
| 42 | Toyota Avanza | 135 | 0.4% | -89.9% | 27 | 993 | 0.9% | -54.2% | 34 | 35 |
| 43 | Honda Civic | 131 | 0.4% | -38.5% | 49 | 493 | 0.4% | -28.1% | 47 | 44 |
| 44 | Mitsubishi Outlander | 126 | 0.4% | -78.7% | 41 | 599 | 0.5% | -65.4% | 45 | 25 |
| 45 | Kia Morning | 124 | 0.4% | -84.2% | 45 | 603 | 0.5% | -73.1% | 44 | 29 |
| 46 | Mazda CX-30 | 116 | 0.4% | -16.5% | 46 | 581 | 0.5% | 14.8% | 46 | 45 |
| 47 | Mazda CX-3 | 112 | 0.4% | -62.0% | 44 | 612 | 0.5% | -28.6% | 42 | 43 |
| 48 | Mazda6 | 101 | 0.3% | -3.8% | 50 | 409 | 0.4% | 11.7% | 48 | 47 |
| 49 | Mitsubishi Triton | 98 | 0.3% | -36.8% | 28 | 682 | 0.6% | -56.0% | 40 | 24 |
| 50 | Kia Soluto | 82 | 0.3% | -87.8% | 51 | 367 | 0.3% | -81.9% | 49 | 33 |
| 51 | Mazda BT-50 | 74 | 0.2% | 155.2% | 53 | 334 | 0.3% | 11.3% | 50 | 54 |
| 52 | Mitsubishi Pajero Sport | 74 | 0.2% | -65.1% | 47 | 301 | 0.3% | -57.0% | 51 | 49 |
| 53 | Kia K5 | 57 | 0.2% | -73.7% | 52 | 294 | 0.3% | -64.0% | 52 | 46 |
| 54 | VinFast VF 5 Plus | 36 | 0.1% | new | – | 36 | 0.0% | new | 62 | – |
| 55 | Toyota Land Cruiser | 34 | 0.1% | 183.3% | 58 | 137 | 0.1% | 55.7% | 56 | 63 |
| 56 | Suzuki Ertiga | 33 | 0.1% | 266.7% | 55 | 167 | 0.1% | -62.2% | 55 | 52 |
| 57 | Suzuki Swift | 26 | 0.1% | 100.0% | 57 | 123 | 0.1% | -56.8% | 57 | 56 |
| 58 | Toyota Hilux | 23 | 0.1% | n/a | 62 | 33 | 0.0% | 200.0% | 63 | 69 |
| 59 | Isuzu D-Max | 19 | 0.1% | -24.0% | 48 | 254 | 0.2% | -31.7% | 53 | 55 |
| 60 | Ford Explorer | 17 | 0.1% | -84.5% | 56 | 115 | 0.1% | -72.4% | 58 | 53 |
| 61 | Isuzu MU-X | 17 | 0.1% | -62.2% | 60 | 51 | 0.0% | -63.6% | 60 | 60 |
| 62 | Toyota Yaris | 16 | 0.1% | -82.6% | 59 | 84 | 0.1% | -74.0% | 59 | 57 |
| 63 | Toyota Alphard | 11 | 0.0% | n/a | 61 | 42 | 0.0% | 50.0% | 61 | 65 |
| 64 | Toyota Prado | 11 | 0.0% | -86.3% | 63 | 30 | 0.0% | -85.6% | 64 | 61 |
| 65 | Honda Accord | 6 | 0.0% | -87.8% | 64 | 18 | 0.0% | -83.5% | 65 | 62 |
| 66 | Suzuki Ciaz | 4 | 0.0% | n/a | 65 | 11 | 0.0% | n/a | 66 | 66 |
Source: VAMA, Hyundai, VinFast
