- In Auto Analyze 2023-09, we gave an overview of the Vietnamese automobile market from 2010 to 2022. We said that this market was still at a low level (300,000 sales in 2022, for a population of nearly 100 million inhabitants) but constantly growing (50,000 sales in 2012, 200,000 sales in 2016, 250,000 sales in 2019).

- Today, we provide an overview of automotive production in Vietnam. This is progressing at the same rate as the local automobile market. In 2022, the production volume amounts to 350,000 vehicles compared to 307,000 in 2021 and 258,000 in 2020, which is a figure slightly higher than that of the local market, which means that Vietnam exports a few tens of thousands of vehicles in neighbouring countries.

- Japanese brands were the first to establish themselves in the country, followed by Korean brands. American carmakers Ford and GM were also present in Vietnam, but GM, which ceased distribution in 2018, sold its Hanoi factory to the only national carmaker: Vinfast. It was in this factory that the very first Vinfast vehicles were assembled before production was transferred to Haiphong, in a much larger factory. For now, the production of Vinfast is starting.

- It should be noted that the share of auto parts produced in Vietnam represents only 20% of the country's entire automobile production, compared to 80% in Thailand or Indonesia. Most of the parts are imported, resulting to a high cost of production which is impacted on the vehicle price. However, this is not the case for the national carmaker Vinfast.