Vietnamese market declined by 30% between 2009 and 2012
- Vietnam lies to the East of Cambodia and Laos, and South of China. Its population accounts for nearly 90 million people. It is a member of the ASEAN countries since 1995.
- In terms of GNI (gross national income) per capita, Vietnam (2 500 Euros) is close to the Philippines (3150 Euros), far ahead of Cambodia (1 700 Euros) and Laos (1 960 Euros), whose automotive market has not taken off yet), but far behind Thailand (6 400 Euros) and Malaysia (12 000 Euros) which both have a dynamic automotive market.
- After the opening of the Vietnamese economy in the early 1990s and the called "renewal" policy, the country has experienced remarkable growth, enabling the country to reach in 2010 the status of middle-income countries.
- This growth is particularly visible in the automobile market which rose from 20,000 vehicles in 2000 to 120,000 vehicles in 2009.
- Forced to drive a remediation policy since 2011, Vietnam has seen its car market fall down to 110,000 units in 2010 and 2011.
- This slowdown was exacerbated in 2012 by the deterioration of the international economic situation and the slowdown in domestic activity. The market fell actually down to 80,000 vehicles during this period.
- Concerning carmakers, the Toyota group has positioned itself far ahead of its competitors in recent years, with a market share of 48% in 2012, ahead of Hyundai-Kia (17%), GM (11%) and Ford (9%).
Data source: File #55 - Registrations in the World by makes
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