Vietnam imported completely built-up (CBU) vehicles worth US$ 597.25 million in July, up 40.8% year on year, according to Vietnam Customs.

The import value increased by 8.1% from the previous month, while the average import value per vehicle was US$ 21,570, down 4.61% from June and 4.59% year on year.

Indonesia remained Vietnam's largest source of imported vehicles, followed by Thailand and China. Imports from Indonesia increased by 4.6% month on month and 96.7% year on year, while those from Thailand rose by 26.5% month on month and 36.57% year on year.

China's vehicle imports were valued at US$ 168.2 million in July, down 21.2% from June but up 16.6% year on year.

Thailand had traditionally been Vietnam's largest source of imported vehicles, but Indonesia has overtaken it over the past two years.

In June, Vietnam also imported more vehicles from Indonesia than from Thailand. The change has been driven largely by demand for small MPVs and urban SUVs manufactured in Indonesia, including the Mitsubishi Xpander, Toyota Veloz, Hyundai Stargazer and Suzuki XL7.

Thailand supplies pickup trucks and midsize SUVs, including the Ford Ranger and Everest. Although imports from Thailand increased in July, they remained below those from Indonesia.

China ranked third among Vietnam's vehicle import sources. Passenger cars from Chinese brands such as MG, Haval and Lynk & Co, along with newer electric vehicle brands, have increased their presence in the Vietnamese market. China's vehicle import value is also affected by imports of heavy-duty trucks, tractor-trailers, specialised vehicles and buses for major infrastructure projects and the logistics sector.

Their higher unit prices have resulted in the total value of vehicles imported from China exceeding those from Thailand and Indonesia.

During January-July 2026, Vietnam's CBU vehicle imports were worth US$ 3.46 billion, up 22.4% in volume from the same period last year. The average import value during the period was US$ 23,240 per vehicle, up 6.41% year on year.