Toyota Vietnam sells 59,207 vehicles in 2023.

Business results

In terms of sales, in 2023, Toyota Vietnam achieved a sales volume of 59,207 vehicles (including Lexus), bringing the total cumulative sales to over 916,000 vehicles. In particular, the Lexus brand reached a record sales volume since its launch with 1,793 vehicles, bringing the total accumulated vehicles to over 12,000.

In terms of production, Toyota manufactured 26,426 vehicles in 2023, bringing the total accumulated production to over 687,000 vehicles.

Regarding services, Toyota welcomed nearly 1.8 million customers, an 8% increase compared to 2022, bringing the total number of vehicles using authorized services to over 18 million.

For export activities of Toyota’s components and spare parts, the revenue reached nearly $74 million, and the total accumulated revenue reached nearly $864 million (21,176 trillion VND).

In terms of contribution to the state budget, Toyota contributed over $873 million. The total amount of contributions to the state budget reached over $13 billion (318.63 trillion VND).

Contributions to the Vietnamese automotive industry and supporting industries

Efforts to bring “Better Cars Every Day”

Recently, Toyota Vietnam’s plant was honored to receive the Good Factory 2024 award from the Japan Management Association (JMA). This prestigious award is given to factories that have achieved good results in improving productivity, quality, and operations in manufacturing in Japan and Asia. With the expansion of the domestically assembled product range, meeting Toyota’s global quality standards and implementing efficient management methods, Toyota Vietnam is the only plant outside of Japan to receive this award. This is evidence of the production quality of Toyota Vietnam, which is equivalent to factories in Japan and the region.

In 2023, Toyota introduced new models in various segments: Wigo, Yaris Cross, Innova Cross, and Alphard. Among them, 3 models added Hybrid versions, bringing the total number of Toyota Hybrid models to 6.

Thanks to the trust and acceptance of customers, the Vios & Corolla Cross models regularly rank among the top 10 best-selling models in the market with sales volumes of 13,521 and 10,485 vehicles respectively. The Yaris Cross, although newly launched at the end of September, recorded sales of 3,065 vehicles, averaging 1,022 vehicles per month. In December alone, Toyota had 3 models in the top 10 best-selling vehicles: Vios, Veloz Cross, & Yaris Cross, with Vios leading the market with 3,022 vehicles.

Actively partnering with supporting industries, contributing to the development of the automotive industry

In 2023, Toyota continued to collaborate with the Ministry of Industry and Trade for the fourth consecutive year in supporting the automotive supporting industry with the goal of enhancing capacity and strengthening the linkage between domestic supporting businesses and automobile assemblers, thereby increasing localization rate. This year, Toyota expanded its cooperation with the Vietnam Supporting Industries Association to further enhance this activity.

The supported businesses have achieved very positive results in reducing inventory and workshop area, maximizing costs, increasing productivity, and improving the working environment for employees. This year, TMV supported an additional 13 suppliers, bringing the total number of supported suppliers to 17.

The number of Toyota suppliers has reached 60, including 13 Vietnamese suppliers with a total of over 1,000 localized products.

Advocating for “a Better Society”

Efforts towards achieving carbon neutrality by 2050

Toyota has developed a Multi-Pathway approach aimed at reducing carbon emissions by offering diverse solutions suitable for different infrastructure conditions, industry status, and customer needs in different regions. Globally, Toyota provides various electrification solutions such as Hybrid, Plug-in Hybrid, Battery Electric Vehicles, Fuel Cell Electric Vehicles, and develops alternative energy options to save fuel to meet the diverse needs of customers.

In 2023, Toyota made efforts to promote this direction in Vietnam through various activities:

Focusing on developing a Hybrid product range consisting of 6 models spanning across various segments. The Hybrid vehicle sales in 2023 reached 2,639 vehicles, with a total cumulative sales of 8,474 vehicles, accounting for nearly 12% of the total sales of models with Hybrid versions.

Collaborating with the Ho Chi Minh City University of Technology and the Binh Son Refining and Petrochemical Company to implement the Efficient Research Project on the application of biofuels in Vietnam’s transportation.

According to Toyota’s perspective, Hybrid and biofuels are timely and suitable solutions for the actual conditions in Vietnam, helping to immediately reduce CO2 emissions.

To achieve the goal of reducing emissions throughout the vehicle lifecycle, Toyota encourages its suppliers and dealers to implement CO2 reduction solutions. In addition, Toyota carries out various environmental protection activities, fuel-saving initiatives, and community awareness and education programs. In 2023, the Toyota plant reduced 2,696 tons of CO2.

Maintaining annual social contribution activities in various fields

In addition to business production activities, Toyota continues to carry out annual social contribution activities in four areas: Traffic Safety, Environmental Protection, Social Culture, Education & Development of Human Resources with the desire to bring a better life to the community. To date, the total contribution to social activities by Toyota has exceeded $30 million.

Aiming for the 30th anniversary in 2025, Toyota Vietnam and its dealer network will continue to make efforts to overcome challenging periods, improve product and service quality, provide comprehensive mobility solutions for complete peace of mind, and maintain customer trust. In addition, Toyota will strengthen its contributions to society for the sustainable development and prosperity of the country.

TH (Tuoitrethudo)