Electric vehicles drive Vietnam to lead ASEAN-6 auto market growth
Hanoi, Oct. 9 -- Vietnam's automobile market grew by 31.1% in the first half of 2026, the fastest rate among the ASEAN-6 countries, driven partly by rising electric vehicle (EV) sales, particularly those of domestic manufacturer VinFast. The trend is reshaping the market's product mix and creating fresh momentum for growth. According to PwC's sixth Overview of the ASEAN-6 Automotive Market report, the six Southeast Asian markets of Vietnam, Indonesia, Thailand, Malaysia, the Philippines and Singapore sold about 1.76 million vehicles in the period, up 11.1% year-on-year. Vietnam recorded sales of around 291,000 vehicles, up 31.1% year-on-year, nearly double the growth rates of Indonesia (15.9%) and Thailand (15.1%). Singapore grew 6.9% and...
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