Vietnam Full Year 2022: Toyota Vios reclaims lead in record market (+24.1%)

The Toyota Vios is the most popular vehicle in Vietnam in 2022.

Discover 20 years of Vietnam Historical Data here.

The Vietnamese new vehicle market surges 24.1% or almost 100,000 units year-on-year in 2022 to a record 509,141 sales. This is the first time the 500,000 annual volume milestone is passed in Vietnam. Toyota (+34.9%) is up two spots to snap the brands pole position with 17.9% share, leapfrogging past Thaco-Kia (+20%) and last year’s leader Hyundai (+15.7%). Mitsubishi (+46.3%), Mazda (+32.1%) and Honda (+41.2%) all beat the market below. Ford (+21.7%) and Suzuki (+18%) underperform while Isuzu (+25.4%) follows the market. Local brand VinFast (-35.8%) sinks to #8, partly due to irregular reporting across the year.

Model-wise, the Toyota Vios (+18%) reclaims the top spot for the 8th time in the past 9 years with 4.6% of the market, with the Top 4 all within a little more than 2,000 units. The Hyundai Accent (+13.5%) stays #2 above the Mitsubishi Xpander (+61.4%) up four spots to #3 and the Toyota Corolla Cross (+16.6%) remaining at #4. The Ford Ranger (+5.1%) and Honda City (+50.8%) follow. The Toyota Veloz is the most popular 2022 launch at #7 above the Hyundai Creta at #10.

Previous year: Vietnam 2021: VinFast Fadil ends 9 years of Toyota dominance in market up 2.5%

Two years ago: Vietnam 2020: Market down just -7.8%, Hyundai and Toyota Vios lead, VinFast lands

Full Year 2022 Top 17 brands and Top 70 models vs. Full Year 2021 figures below.

Full December 2022 Top 17 brands and Top 63 models below.