Toyota Vietnam Celebrates 30 Years of Excellence
At the 30th-anniversary celebration of Toyota Motor Vietnam (TMV) (1995-2025), CEO Nakano Keita announced, “Toyota Vietnam will modernize its headquarters and manufacturing facilities, launching the production of our first Hybrid vehicle model with an investment exceeding $360 million.”
This initiative underscores Toyota’s commitment to enhancing domestic production capabilities, supporting the sustainable growth of Vietnam’s automotive industry and supply chain.
Over three decades, Toyota Vietnam has produced over 700,000 vehicles and delivered more than 1 million to customers. Cumulative export revenue from parts and components has reached nearly $1 billion. The company has contributed over $14.4 billion to the national budget, ranking among Vietnam’s top 10 taxpayers in 2024.
Toyota’s Best-Selling Models in Vietnam
The Toyota Vios leads as the best-selling model over the past 30 years with 263,092 units sold, followed by the Innova (151,927), Fortuner (125,605), Corolla Altis (85,765), and Camry (76,062).
According to 2025 data, Toyota ranked as Vietnam’s second best-selling automotive brand in the first eight months, with 41,113 units sold, trailing behind VinFast, which sold 89,970 units. Hyundai, Ford, Honda, and Mitsubishi followed in subsequent positions.
Toyota’s decision to produce hybrid vehicles in Vietnam aligns with the country’s tightening emissions and fuel efficiency regulations.
Toyota’s Strategic Initiatives for Sustainable Growth
In February 2025, CEO Nakano Keita met with leaders of Vinh Phuc Province (now Phu Tho Province) to propose legislative amendments reducing taxes and fees on automobiles, particularly hybrids. These measures aim to lower costs, enhance accessibility to Toyota vehicles, and encourage eco-friendly transportation choices.
Toyota Vietnam also pledged to focus on assembling and producing high-quality vehicles domestically, increasing local production while reducing imports.
2025 Car Choice Awards Unveiled: Revolutionary Award Categories and Smart City Avenue Car Showcase
The Car Choice Awards 2025 is set to dazzle audiences with its innovative “Smart City” theme, featuring the cutting-edge Argos robot and a lineup of vehicles that have left an indelible mark on Vietnamese consumers.
Japanese 7-Seater SUV Now Priced as Low as a Compact Sedan
The Suzuki XL7 Hybrid MPV is now available with a staggering discount of up to 70 million VND at dealerships, effectively lowering its starting price to compete directly with popular B-segment sedans.
Khang Phát Holdings CEO Honored as “Outstanding Leader 2025”
The Vietnam Excellence Brand 2025 Awards Ceremony, held on September 27th in Ho Chi Minh City, brought together a distinguished gathering of leading businesses, renowned brands, and prominent leaders from across the nation. During the event, Mr. Nguyễn Nhật Anh, CEO of Khang Phát Holdings, was honored with the prestigious “Outstanding Leader 2025” award, marking a significant milestone in his career.
PNJ Ranked Among Vietnam’s Top 50 Most Efficient Companies
PNJ stands as the sole jewelry and lifestyle retailer to secure a spot in Vietnam’s Top 50 Most Effective Business Companies, achieving this distinction through remarkable enhancements in its core financial metrics.
Toyota Set to Launch Hybrid Vehicle Production in Vietnam
Toyota Vietnam is set to revolutionize the automotive landscape by launching its first-ever hybrid vehicle production, ensuring a steady supply and making eco-friendly transportation more accessible to consumers nationwide.
