According to statistics from the Vietnam Automobile Manufacturers’ Association (VAMA), the hybrid segment witnessed positive growth in April 2025, with sales reaching 1,124 units, an increase of 200 vehicles compared to the previous month. From the beginning of the year until now, 3,686 hybrid vehicles have been delivered to customers, an increase of over 1,100 units compared to the same period last year, equivalent to a growth of over 40%.
In terms of geographical location, the southern provinces and cities are the largest market for hybrid vehicles in Vietnam, accounting for approximately 48.5%, while the northern region accounts for 30.3%, and the central region accounts for over 21.2% of vehicle sales in April 2025.
Looking at specific models, after being surpassed by the Suzuki XL7 Hybrid in March 2025, the Toyota Innova Cross HEV regained its momentum with 228 units sold in April, surpassing the 195 units sold by the XL7 Hybrid. Cumulatively, from the beginning of the year until now, the Innova Cross HEV has achieved a total sales volume of 837 units, continuing to maintain its leading position in the hybrid segment in Vietnam.
Notably, the Toyota Camry HEV outsold the traditional gasoline-powered version for the first time in April, indicating a significant shift in consumer preferences.
Other hybrid models in the market have relatively modest sales figures. The Toyota Yaris Cross HEV sold only 50 units, while the Honda Civic HEV sold 27 units. Meanwhile, luxury models such as the Alphard HEV and Corolla Altis HEV sold 8 and 1 unit(s), respectively.
In other news, the Honda HR-V recorded 151 units sold in its first month of launch, a relatively promising debut.
After a period of stagnant sales, the Kia Sorento HEV/PHEV recorded 4 units sold in April. Previously, the launch of the upgraded model scheduled for March was postponed indefinitely, causing a slowdown in sales for this vehicle line.
Toyota remains the brand with the most hybrid models available in Vietnam, followed by Honda, Suzuki, Kia, and others. Other brands such as Hyundai, Haval, and luxury brands like Lexus, Volvo, and Mercedes, do not disclose detailed data on hybrid vehicle sales.
Recently, according to the draft Law on Special Consumption Tax submitted by the Committee for Economic and Financial Affairs (CEFA) to the National Assembly, it is proposed to adjust the special consumption tax rate for hybrid vehicles to 70% of the rate applied to conventional internal combustion engine vehicles.
According to current regulations, the special consumption tax rate for pure electric vehicles running on batteries is 3%, applicable until February 28, 2027. Hybrid electric vehicles (HEV) are still subject to the same tax rate as gasoline-powered vehicles, ranging from 35% to 150% depending on engine capacity. Meanwhile, the special consumption tax rate for plug-in hybrid electric vehicles (PHEV) is applied at 70% of the rate for gasoline or diesel vehicles with the same engine capacity.
Therefore, with the proposal in the draft amended Law on Special Consumption Tax, all hybrid vehicle lines, regardless of HEV or PHEV, are suggested to be subject to a special consumption tax rate equivalent to 70% of the rate for conventional gasoline-powered vehicles. This move will reduce the tax burden on consumers, boost sales, and contribute to environmental protection.
The Sadness of Toyota Vietnam: Will Hyundai Follow in Their Footsteps and Repeat Their Forgettable Record for a Second Time?
The Vietnamese automotive market in April 2025 witnessed a significant shift in consumer trends. In the past, Toyota and Hyundai consistently dominated sales figures, but the landscape has now changed noticeably.
‘Support Grants for Vehicle Owners to Upgrade Emissions Standards’
“The former VAMA Secretary, Mr. Vu Tan Cong, posits that the draft national standards for vehicle emissions are of great significance to the environment. However, he emphasizes that turning this proposal into a reality hinges on addressing multiple factors.”
The Rise of Vietnam’s Automotive Industry: Over 118,000 Cars Sold Amidst a Booming Economy and Flourishing Domestic Consumption.
The automotive industry in Vietnam is thriving, with an impressive sales performance in the first quarter of 2025. With a total of 118,813 vehicles sold, Vietnam has outperformed the Philippines, which sold 117,074 units during the same period. This statistic showcases the promising growth and potential of the Vietnamese automotive market, indicating a positive trajectory for the industry in the coming years.
The Green Revolution: Vinasun’s $100 Million Gamble on 1,200 Hybrid Vehicles – Can It Regain Lost Market Share?
“We are undoubtedly facing intense competition,” admitted Deputy General Director Tran Anh Minh, acknowledging the financial might of industry rivals. With Xanh SM’s recent capital surge to a staggering 18,000 billion VND and Grab’s impressive fundraising of 12 billion USD, Vinasun’s own capital of over 1,100 billion VND seems modest in comparison.
The Hefty Fine: A Staggering $5 Billion Tax Penalty for a Condo Management in Ho Chi Minh City
The hefty tax fine of 120 billion VND imposed on a condominium management board has taken many by surprise. This unexpected turn of events marks a significant shift, as the scope of tax penalty enforcement expands beyond businesses and individual traders to now include condominium management boards.
