6 cheapest car models in Vietnam today

Not only small cars in class A, sedans in class B... with prices of less than 300 million VND, the Wuling Hongguang Mini EV electric car "naturalized" the list of cheapest cars in the Vietnamese market today.

The price reduction race between car manufacturers and distributors, along with the appearance of small electric car models, has helped the low-cost car segment in Vietnam have more and more choices. In the context of declining purchasing power, many small A-class cars and B-class sedans have been discounted by manufacturers and distributors. In addition, the strategy of launching small electric car models to meet the urban travel needs of many distributors has helped Vietnamese people comfortably choose car models in the price range of 300 - 500 million VND.

Cheap cars in Vietnam have more and more choices

Ba Hung

According to Thanh Nien reporters, most of the cheapest car models in Vietnam today belong to the small urban car segment, equipped with engines with a capacity of 1.0 liters - 1.4 liters and possessing basic equipment and features... meeting the criteria of a car to protect against rain and sun, and daily travel of a segment of customers in Vietnam. Below are the 6 cheapest car models in the Vietnamese market today:

Wuling Hongguang Mini EV: price 239 - 279 million VND

Entering the Vietnamese market last June with a price of 239 - 279 million VND, Wuling Hongguang Mini EV has become the cheapest car model in the Vietnamese market to date. This electric car model is the result of the GM - SAIC - Wuling joint venture, assembled and distributed in Vietnam by TMT.

Wuling Hongguang Mini EV becomes the cheapest car model in Vietnam to date

Chi Cuong

Wuling Hongguang Mini EV has a compact design and unique colors aimed at female customers. Both versions of Wuling Hongguang Mini EV are equipped with an electric motor on the rear axle with a capacity of 26.8 horsepower and a torque of 85 Nm. The maximum speed as announced is 100 km/h. The LFP battery on the car has 2 options, the 9.6 kWh type for a range of 120 km. The larger 13.9 kWh type has a range of 170 km. The company provides a 1.5 kW car charger. With a 220 volt household power source, the car needs about 6.5 hours to fully charge the 9.6 kWh battery and 9 hours for the 13.9 kWh battery.

Kia Morning: price 356 - 439 million VND

Kia Morning selling price is now down to 356 - 439 million VND

Ba Hung

Consecutive price incentives have helped the Kia Morning's selling price drop to 356 - 439 million VND. This is still the gasoline motorbike with the most attractive selling price in the Vietnamese automobile market. Kia Morning currently has 5 versions, assembled and distributed by THACO AUTO. From July 2023 to the end of 2023, Kia Morning buyers will also receive a 50% reduction in registration fees according to the preferential policy issued by the Government, so customers will save an additional 17 - 26 million VND, depending on the version as well as the locality of vehicle registration.

Toyota Wigo: price 360 ​​- 405 million VND

Toyota Wigo imported from Indonesia with 2 versions with prices ranging from 360 - 405 million VND

TMV

In early June 2023, Toyota Wigo 2023 officially returned to the Vietnamese market after nearly 1 year of suspension of distribution. This model has 2 versions, imported completely from Indonesia with 2 versions with prices ranging from 360 - 405 million VND. The car has changed some exterior design details, updated equipment, and safety features. Toyota equips Wigo 2023 with a 1.2-liter gasoline engine with a capacity of 87 horsepower and a maximum torque of 108 Nm, combined with a new CVT gearbox, replacing the automatic transmission on the old AT version, while the manual transmission option remains the same.

Hyundai Grand i10: price 360 ​​- 455 million VND

Hyundai Grand i10 is currently the best-selling low-cost small car model in Vietnam with 3,146 cars sold in the first 5 months of 2023.

Ba Hung

Also priced from 360 million VND like Toyota Wigo, Hyundai Grand i10 assembled and distributed in Vietnam by TC Motor offers more options with 6 versions including both sedan and hatchback variants. Hyundai Grand i10 is currently the best-selling small car model in Vietnam with 3,146 cars sold in the first 5 months of 2023. Not only the price, the appeal of this model also comes from the design and features. Hyundai Grand i10 still retains the 1.2-liter Kappa engine with a capacity of 83 horsepower and a maximum torque of 114 Nm, with a 4-speed automatic transmission or 5-speed manual transmission, depending on the version.

Kia Soluto: price 386 - 482 million VND

Kia Soluto with 4 versions currently priced at 386 - 482 million VND

Quang Thai

Also a Korean car, Kia Soluto assembled and distributed by THACO AUTO belongs to the B-class sedan segment, with a size and equipment that is slightly better than its "younger brother" Kia Morning. After many price adjustments, Kia Soluto with 4 versions is currently priced at 386 - 482 million VND. Not only that, from July 2023, Kia Soluto buyers can also save 19 - 29 million VND when completing procedures for the car to roll, thanks to the policy of reducing 50% of registration fees according to Decree No. 41/2023/ND-CP. Kia Soluto uses a 1.4 liter MPI Kappa engine with a maximum capacity of 94 horsepower and 132 Nm of torque, combined with a 5-speed manual transmission or a 4-speed automatic transmission.

Mitsubishi Attrage: price 380 - 490 million VND

Mitsubishi Attrage is priced from only 380 - 490 million VND

Ba Hung

Also in the B-class sedan segment, distributed as a completely imported car, but Mitsubishi Attrage is priced from only 380 - 490 million VND. With this price, Mitsubishi Attrage is one of the cheapest car models in the Vietnamese market. Not only that, in July 2023, this car model is also supported by the Japanese car company with registration fees equivalent to 19 - 46.5 million VND. This incentive program helps the selling price of Mitsubishi Attrage to only 361 - 465 million VND. The car uses a 1.2 liter Mivec engine with a capacity of 78 horsepower and a maximum torque of 100 Nm, combined with a 5-speed manual transmission or CVT.

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