Sat Dec 06 09:30:00 UTC 2025: Okay, here’s a news article summarizing the provided text:

Vietnam’s Auto Market Booms: Domestic Production Hits Record High as Year-End Sales Surge

Hanoi, Vietnam – December 7, 2025 – Vietnam’s automotive market is experiencing a surge in activity as the year draws to a close, marked by record-breaking domestic production and a flood of imported vehicles, according to a report released by the General Statistics Office under the Ministry of Finance on December 6.

In November, a total of 67,156 new vehicles entered the Vietnamese market, a significant 17.1% increase compared to October’s 57,343 units. This figure includes both locally assembled and imported cars.

Domestic production soared to an unprecedented 50,900 units in November, marking a 24.1% increase from October and an 8.2% rise compared to November 2024. This represents the highest monthly production volume recorded by the Vietnamese automotive industry in 2025. Year-to-date, domestic manufacturers have produced an estimated 425,600 vehicles, a substantial 37.4% increase compared to the same period last year.

While the volume of Completely Built Unit (CBU) imports saw a slight decrease of 0.5% to 16,256 units in November, the value of these imports rose by 6.0% to $456 million, indicating a shift towards higher-value vehicles. Over the past 11 months, Vietnam has imported an estimated 187,620 CBUs, valued at $4.327 billion, representing increases of 16.8% and 30.6% in volume and value, respectively, compared to the same period in 2024.

Experts say that Vietnamese automakers and import dealers are offering deep discounts and promotions, incentivized by the upcoming Tet holiday and the need to clear inventory. This has created a “golden opportunity” for consumers to purchase vehicles at attractive prices, as manufacturers and distributors compete for market share in the peak season.

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