Auto companies enter fierce competition

QNgTV- Fierce competition between domestic and foreign enterprises is reshaping the entire industry picture, opening a period of strong transformation in both technology and consumer behavior.

An electric vehicle charging station in Hanoi . (Photo: Xuan Quang/Vietnam+)

According to the latest data from the Customs Department, in October 2025 alone, Vietnam imported more than 16,300 cars, although down 5.5% compared to the previous month, but the total in the past 10 months reached more than 170,000 cars, up 20% compared to the same period in 2024. Import turnover reached nearly 4 billion USD - the highest level in the past 3 years.

Experts say the Vietnamese auto market is entering a period of comprehensive competitive restructuring. Domestic companies have the advantage of understanding the market and policies, while foreign companies are strong in technology and production scale.

It is forecasted that in the period 2025-2030, the Vietnamese automobile market can grow from 6-8% per year; in which electric and hybrid vehicles will account for 40-45% of total sales by 2030. Foreign companies will continue to expand investment, while domestic enterprises will promote the development of the supply chain of components, batteries and charging infrastructure.

Source: https://quangngaitv.vn/doanh-nghiep-oto-buoc-vao-cuoc-canh-tranh-khoc-6510373.html