Sales data for February and the cumulative results for the first two months of the year indicate that the familiar market structure remains intact, with VinFast continuing to firmly hold the leading position. Entering 2026, Vietnam’s automotive market has shown encouraging signs of recovery following a period of slowdown, albeit with uneven growth across different brands. In February 2026, VinFast recorded sales of 9,903 units, accounting for 30.7% of total market share. Alth

The top three positions continued to be held by Tata Passenger Electric Mobility, with 5,543 vehicles sold (40.5% market share), followed by JSW MG Motor India with 3,303 units (24.1%)

According to the Vietnam Mechanical Engineering Association (VAMI), the country has about 3,100 mechanical engineering enterprises

PV Power has signed a memorandum of understanding with a Korean partner to research and develop a charging station system in Vietnam.

This is a record low level of car consumption in at least the past 5 years in the Vietnamese market.

According to forecasts of many experts, the electric vehicle market in Vietnam will continue to become a trend and explode in 2024.