VinFast Dominates Vietnamese Auto Market with Record EV Sales in 2024
HANOI, VIETNAM – VinFast has achieved a major milestone in Vietnam’s automotive industry, delivering over 11,000 electric vehicles (EVs) in October alone. This accomplishment brings VinFast’s total 2024 EV sales to more than 51,000 units, making it the best-selling automotive brand in Vietnam for October and securing its leadership position in the market for the first ten months of the year.
This achievement marks a pivotal moment in Vietnam’s automotive sector, with VinFast leading the way in the country’s transition toward sustainable, eco-friendly transportation. The brand’s rapid growth is powered by strong consumer demand, a large-scale production capacity, and a growing network of dealerships and EV charging stations nationwide. With a robust number of pre-orders and a steady commitment to innovation, VinFast is well-positioned to widen its lead over traditional gasoline-powered competitors in the months ahead.
In a remarkable feat, VinFast has become the first EV brand to surpass sales of gasoline-powered vehicles in Vietnam, establishing itself as a true market leader. This success story showcases the capabilities of Vietnam’s high-tech industry and the rising popularity of environmentally friendly, smart electric vehicles among Vietnamese consumers. VinFast’s dominance is not only a win for the brand but also a major step for Vietnam, now one of the few countries where a local EV-focused automaker leads in domestic auto sales, setting a powerful example in the global shift to sustainable transport.