The number of Vietnamese-made cars is about 362,500 units after 10 months of 2022, coming after Thailand, Indonesia, and Malaysia.

According to the General Statistics Office, the output of assembled cars in Vietnam after 10 months of 2022 reached 362,500 vehicles, an increase of about 16.4% compared to the same period in 2021. In the passenger car segment alone, many automakers set up factories in Vietnam such as Toyota, Honda, Ford, Kia, Hyundai, Mazda, VinFast, Mercedes… Growth in the number of locally assembled cars is a good sign that the domestic auto industry now focuses on domestic production instead of importations.

Vietnam’s production volume of more than 360,000 vehicles ranks fourth in Southeast Asia. According to data from the ASEAN Automotive Federation (AAF), Thailand is still the largest car producer in the region with nearly 1.6 million units. Vehicles from this market, in addition to serving domestic demand, are also exported to many countries in the region, including Vietnam. Models imported from Thailand sell well in Vietnam consists of Toyota Corolla Cross, Mitsubishi Attrage …

Ranked below Thailand is Indonesia, the largest new car consumption market in the region. The country has reached an output of more than 1.2 million vehicles after 10 months of 2022. Similar to Thailand, Indonesia is also a place where many companies set up car factories to serve both domestic markets and exportation. Vietnam is considered the “golden land” of cars made in Indonesia with many best-selling models such as Mitsubishi Xpander, Toyota Veloz …

One level above Vietnam in terms of domestically produced cars is Malaysia. This country has an output of more than 560,000 vehicles after the past 10 months. Unlike Thailand and Indonesia, which do not have their own national car brands, Malaysia has Perodua and Proton with the leading market shares in the domestic market.

The other two countries with domestic automobile production are the Philippines, with more than 73,000 vehicles, and Myanmar with more than 3,000 vehicles.

Domestic production output is one of the factors that shape a country’s auto industry. Domestic production can serve the domestic market, or export, or both. Vietnam’s automobile manufacturing industry with a low localization rate mainly sells in the domestic market.

The order of output ranking shows that Vietnam’s auto industry has not been able to break through compared to the other three large factories in the region. However, industry experts predict that Vietnam’s domestic auto production will increase in the coming years, possibly even surpassing Malaysia. The reason is that the demand for car consumption is growing well, which is the basis for manufacturers to increase production output. In addition, new brands such as Skoda (Sweden) or Chery (China) through domestic partners are planning to assemble cars in Vietnam in the next 1-2 years.

Source: vnexpress.net