Vietnam Full Year 2020: Market down just -7.8%, Hyundai and Toyota Vios lead, VinFast lands

Hyundai is the #1 carmaker in Vietnam, with the Accent its best-seller.

Discover over 15 years of Vietnam Historical Data here.

New vehicle sales in Vietnam drop by a restrained -7.8% year-on-year in 2020 to 296.634 according to VAMA. This figure climbs to 401.134 once adding Hyundai and VinFast who report sales separately and whose exclusive October to December and FY2020 figures we can share with you this month. Hyundai is the best-selling carmaker for the year with 20.3% share, toppling Toyota (-10.9%) down to 17.6% share while Thaco-Kia (+15.8%) is at 16% share. These three manufacturers alone account for just under 54% of the Vietnamese market in 2020. Below, Hino (+25.7%), Suzuki (+23.2%), Peugeot (+21.3%) and Isuzu (+7.1%) all post market-defying gains while Mazda (-1.5%), Lexus (-4.4%) and Mitsubishi (-5.5%) resist. Note Hyundai sales figures have only been available starting in January 2020.

VinFast has landed in its home sales charts in 2020.

Launched in 2019, local brand VinFast started sharing models sales figures in May 2020 and therefore appears in its first Full Year ranking at home in 8th place with 5.8% share with just 8 months of data. VinFast was above 9% share in September, November and December so will aim to place around the 4th or 5th position in 2021. The brand’s best-selling model is the Fadil, in fact a rebadged Opel Karl Rocks with raised suspension, grey plastic wheel arch protectors and lower body cladding. Then we have the Lux A2.0 sedan based on the F10 BMW 5 Series and the Lux SA2.0 SUV based on the F15 BMW X5. VinFast sold a record 4.503 units in December.

Over in the Vietnamese models ranking, the Toyota Vios (+11.3%) celebrates seven consecutive years atop the charts with a solid year-on-year uptick and settles for 7.5% share. This year, it distances the Hyundai Accent at 5.2% share and the Hyundai Grand i10 at 4.4% share. These models didn’t appear in the 2019 rankings. The Mitsubishi Xpander (-16.2%) is pushed down to #4 while the VinFast Fadil appears in 5th place above the Ford Ranger (-0.2%), Kia Cerato (+6.4%) and Mazda CX-5 (+15.5%) all performing better than the market. The Hyundai Santa Fe ends the year at #9 above the Honda CR-V which ranked #3 in December. Among other newcomers for 2020, the new Kia Seltos lands at #17, the Toyota Corolla Cross at #18, the VinFast Lux A2.0 at #23, the Suzuki XL7 at #27 and the VinFast SA2.0 at #28.

Previous post: Vietnam September 2020: VinFast up to record 9.4% share, Lux SA2.0 in Top 10

Previous year: Vietnam 2019: Toyota Vios and Mitsubishi Xpander top record market (+12.4%)

Two years ago: Vietnam 2018: Toyota takes the lead, Vios #1 for the 5th straight year

Full Year 2020 Top 20 All-brands and Top 73 All-models vs. Full Year 2019 figures below.

Full October, November and December Top 20 All-brands and Top 65 All-models below.