Domestic

2024 marks a significant leap forward for Xanh SM, solidifying its capabilities and standing as a leading electric taxi brand. Owned by billionaire Pham Nhat Vuong, the company has consecutively garnered accolades and recognition through prestigious awards, both domestically and internationally.

As of April 1, 2024, Vietnam's population stood at 101,112,656, according to the General Statistics Office's mid-term population and housing census results. This figure cements Vietnam's position as the third most populous country in Southeast Asia and the 16th most populous country globally.

The new policies that come into effect in 2025 are set to transform the driving landscape. One of the most notable changes is the introduction of a tiered licensing system, where driver's licenses will now carry 12 points and expire after one day, requiring drivers to retake the theoretical exam. These stringent measures are designed to enhance road safety and encourage responsible driving practices.

With a series of recent high-profile moves, Xanh SM has solidified its position as the leading giant in the ride-hailing market. The company's collaboration with VinFast to lease 5,000 electric cars and its partnership to establish a large-scale service chain in Vietnam are testament to its assertive rise as a formidable force in the industry.

Honda has recently unveiled the newest iteration of its beloved Scoopy model in Southeast Asia, marking a significant step forward for the brand in this vibrant and diverse market. With a rich history and strong presence in the region, Honda has once again demonstrated its commitment to meeting the evolving needs and desires of its loyal customer base.

Thaco, Hyundai Thanh Cong, and VinFast are not just assembling and manufacturing vehicles in Vietnam, but are also taking the Vietnamese automotive industry to the global stage. These companies are exporting their vehicles abroad, proudly showcasing the capabilities and quality of Vietnam-made cars to the world. This marks a significant step forward for the country's automotive sector, as it embarks on a journey to make its mark in the international market.

The all-new Toyota Land Cruiser Prado will also be available for sale in Vietnam this year.

On April 24, Vingroup held its 2025 Annual General Meeting, with a number of notable points on the agenda.

In 2024, the Vietnamese automotive market witnessed a remarkable surge, with a total of 494,310 vehicles sold—a substantial 22% growth from the previous year. This equates to an average of 1,354 vehicles finding new owners every single day.

The government's issuance of Decree 73/2025 on March 31st, slashing import taxes on automobiles from 13-14%, has sparked expectations of significant price drops for imported vehicles. However, the reality may not be that straightforward.