Top Automotive Companies in Vietnam

The automotive industry is a significant contributor to Vietnam's economy, with a substantial impact on employment, trade, and investment. In 2022, Vietnam's GDP growth rate reached 6.5%, with the automotive industry playing a crucial role in the country's economic success. In this article, we will delve into the key statistics, success factors, growth trends, challenges, and future outlook of the automotive industry in Vietnam.

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CompanyHeadcountContactDescriptionDecision Maker
BOSCH GLOBAL SOFTWARE TECHNOLOGIES VIETNAM3,162 +84 98 052 63 99
dpo@bosch.com

Bosch Global Software Technologies Vietnam (BGSW) is a 100% owned subsidiary of Robert Bosch GmbH - one of the world’s leading supplier of technology and services. Founded in 2010 at Ho Chi Minh City, BGSW Vietnam is the first software development center of Bosch in the South East Asia. BGSW Vietnam provides solutions for businesses in areas: - Engineering services, IT services - Business services Bosch in Vietnam is ranked 1st in engineering/mechanical sector, 1st in IT-software engineering/outsourcing sector, and 13th across all industries in Vietnam Best Places to Work 2017 survey, conducted by Anphabe. Together with over 1,500 highly skilled employees, BGSW Vietnam is building products that bring value, improve life quality and conserve resources. In that way, the company offers technology that is Invented for life- Engineering services, IT services - Business services Bosch in Vietnam is ranked 1st in engineering/mechanical sector, 1st in IT-software engineering/outsourcing s…

VNT LOGISTICS45 +84 97 908 20 92
info@vntlogistics.com

Established in 1996 , listed in Hanoi Stock Exchange since 2009, over the last 26 years, VNT Logistics has evolved from a small-sized company to one of the regional leading logistics services providers. VNT Logistics is proud to be a part of the global exchange of goods with our most important priority: The satisfaction of our customers. Based on our immense experience, VNT Logistics is unfailingly committed to offer the best integrated solutions for our clients, from freight forwarding (airfreight, seafreight, road transport,…), customs brokerage to warehousing and port operation. VNT Logistics is a member of WCA, IATA, FIATA and many other international associations. We have good connections with a number of foreign agents/logistics services providers to ensure the seamless flow of goods to every corner of the world. Our achievements are attributed to nearly 500 employees with a great pool of professional knowledge and understanding. Through our hard work, high responsibility and …

MP LOGISTICS64 +84 28 3811 9033
info@mplogistics.vn

Since the companys founding in 1995, MP Logistics has grown to become the leading freight forwarding and trusted logistics solutions provider in Vietnam. We apply our local operational excellence to provide best-in-class logistic solution services across our integrated network with a focus on serving our customers across the automotive, technology, consumer retail, cold chain, healthcare, and industrial sectors. We deliver a comprehensive range of stand-alone forwarding and logistics services while combining logistics management and supply chain solutions to bring leading brands to Vietnam and throughout the world. Our company was founded on the notion that we provide the best-in class quality service through long-lasting relationships with our customers so they can trust us to deliver their goods on time to serve both their external and internal customers within their supply chain. After 27 years in business, that principle remains a part of our focus. We have the local expertise and…

HUU TOAN GROUP57 +84 1800 1757
hello@huutoan.com

Huu Toan is a leading generator Original Equipment Manufacturer based in Vietnam. We provide one stop-shop power solution in designing, manufacturing and servicing our power generation equipment. Our vision: Building trust for Vietnamese brand in the global market. Our mission: To cultivate customer trust by manufacturing world standards products, providing fast services and delivering “wow” customers experience.

NK ENGINEERING CO LTD - REPRESENTATIVE OF ENDRESS+HAUSER IN VIETNAM54 +84 24 7308 9966
sales@nkengineering.com.vn

NK Engineering Co. Ltd, the representative of Endress+Hauser in Vietnam, was established by an excellent professional team of engineers with over 10 years experience in providing instrumentation and automation solutions. Products: We officially provide Products, Solution, Service of The Endress+Hauser Group. Our products set standards in quality and technology. Industries: We work closely with the Chemical, Food & Beverage, Oil & Gas, Life Science, Textile, Automotive, Semiconductor industries. NK Engineering supports its customers in optimizing their processes in terms of reliability, safety, economic efficiency and environmental impact.

SELEX MOTORS24 +84 97 720 99 80
info@selex.vn

At Selex Motors, we are on a transformative journey to revolutionise sustainable transportation through our cutting-edge battery swapping network. We understand the inconvenience of waiting for electric vehicles to charge, which is why we have pioneered a quick 2-minute swap for fully charged EV batteries. Our high performance electric scooter model - Selex Camel, is the ideal choice for eco-conscious cargo delivery businesses seeking efficient and cost-effective delivery transport solutions. As a Vietnam-based pioneer startup in the electric vehicle industry, we have successfully raised US$3 million in a convertible note investment round, led by ADB Ventures, Schneider Electric Energy Access Asia, Touchstone Partners, and Sopoong Ventures. Join us at Selex Motors in driving a better future for sustainable transportation.

TASCO JSC.56 +84 1900 1562
info@tasco.com.vn

Founded since 1971, through more than 50 years of development history, Tasco has become one of the biggest investors in the forms of Electronic Toll Collection (VETC), BOT Transport Infrastructure, Automotive Services, Financing & Insurance Services and Real Estate. In 2021, Tasco aimed at undergoing robust restructuring with intense concentration on core activities. With the completion of “FOUNDATION OF LIFE” – A Constantly developing Eco-System, Tasco is servicing the investment spending for Vietnamese Households.

BAN VIEN CORPORATION271 +84 28 6261 5857
customerservice@banvien.com

TRUSTED TECHNOLOGY PARTNER Ban Vien Corporation – is a Trusted Technology Partner in Software Development & Embedded System Development. Established in March 2010, now a team of over 500 talented and experienced experts with 6 offices in 3 countries, we are proud to retain & partner with many of the foundation clients from the outset, 10+ years ago. Working together with our Clients to overcome their business challenges with digital solutions is key to achieving our primary goal Trusted Technology Partner. BROAD SPECTRUM EXPERIENCE We have demonstrated expertise in embedded systems and software development across numerous industries, technologies, and platforms: Automotive, Education, Retail, Banking & Finance, and Computer Networks. OUR SERVICES We partner with clients to create and support innovative solutions that help the business become a lasting success in the marketplace. We offer a full scope of services: * Digital Consulting: Lab, Digital Transformation Consultancy & Digit…

BCM VENTURE INTEGRATED | BCM SOLUTIONS45 +84 91 473 07 07
kim.cao@bcmsolutions.com.vn

BCM Venture Integrated is a full-service digital agency with offices in Hanoi and Ho Chi Minh City, and a team of over 80 professionals. We provide a seamless integration of creative services, technology, and media to offer comprehensive solutions to clients across various industries. Our services include marketing and sales performance, as well as product offerings, and we serve clients from technology, automotive, beverage, cosmetic, and other industries.

MFL VIETNAM10 +84 96 593 28 82
microfiber@microfiber.com.vn

MFL Vietnam is proud to be a leading supplier of high quality artificial leather focusing on supplying microfiber vegan leather to customers in various industries such as footwear, furniture, automotive, handbag and accessories, sport equipment, etc Our top priority has always been about serving customers’ requirements and offering solutions to material-related issues that customers face with during their production. With offices and facilities located throughout the country in the three main regions North, Central, and South Vietnam, MFL Vietnam has maintained the focus on offering high quality and diverse products, while always striving to improve customer services and product development. Our production process and materials have achieved internationally recognized standards and certifications such as: ISO 14001: Environmental management ISO 9001: Quality management IATF 16949: Automotive quality management REACH: EU standards addressing the production and use of chemicals BS 5852…

HYESUNGTECH VIET NAM JOINT STOCK COMPANY7 +84 97 229 43 80
infor@hyesungtech.com.vn

The goal is to become the number 1 company in Vietnam in the field of the industrial vacuum. Provide advanced, efficient, sustainable vacuum solutions for customers. After-sales service is our strength, with a system of service workshops in Hanoi and Ho Chi Minh City We are honored to be partners of major brands in the world: - Atlas Copco: Official distributor of vacuum pump products - Hyesungtech Korea: Koreas leading Turbo vacuum pump repair partner - CS Clean: Solution to filter waste gas in semiconductor manufacturing, providing products and services - VAT: Distributing vacuum valves of all kinds - Vacuum pump repair and maintenance service Customers in many applications: - Semiconductors: Seoul Semiconductors, II-VI, ... - Electronics: Samsung Electronics, Samsung Display, ... - Automotive: VINFAST, Huyndai, STANLEY, ... - Solar: First Solar, JA Solar, ... - Coating: Ricoh, Oerlikon Balzers, ...

BOATSHOP.VN1 +84 313 768 791
sales@boatshop.vn

Our main categories include Marine Series, Outdoor Series , Also Automotive Series. All of our products comply with international quality standards.Our commitment to product design, pricing and packaging and many years production expertise have consistently provided us with market differentiation, which has resulted in a better value positioning and increased sell through for our customers. BoatShop has always been focusing on different marketing solutions and designs to meet the unique needs of each different market to help its clients to gain the maximum benefit that they deserve by cooperating with a top-rank manufacturer. Best quality is the second advantage ofBoatShop as the first is the ideas and innovation. How wide your mind is, how wide the market is!

DEALERSEDGE ASIA5 +84 90 301 02 18
edge@dealersedge.asia

DealersEDGE Asia is a consulting and training company helping companies grow sustainably and responsibly in the new digital era. We call this the Next Generation of Growth. We focus on People, Technology, and Processes. Our offices are located in Singapore and in Vietnam. Our services include: – Dealer Performance Management (Retail Consulting) – Sales Training & Coaching – Aftersales Training – DMS/CRM Solutions – Marketing Management Training – Digital Marketing Solutions – HR Recruitment & Training We help dealers sell more cars, serve their customers better and make more money by providing them with proven and highly successful automotive tools and techniques coupled practical coaching sessions to ensure effective implementation. Our team of consultants and trainers have extensive experience in the automotive industry with proven track records for success. DealersEDGE seeks to do business with customer-focused organizations that achieve profits and sales based on providing …

MIDA PRECISION MOLD27 +84 272 3870 696
info@midamold.com

• MIDA is a professional partner in providing a complete solution for making plastic injection molds and plastic components for the Customers who are producing electrical/ electronic appliances, medical devices and disposable plastics. • Our solution enables you to minimize the total cost of ownership & lead-time for making your molds & plastic components including: * Injection molds & Plastic Molding. * Electronic Plastics. * Electrical Plastics. * Engineering Plastics, * Automotive Plastics. * Medical Plastics, Plastic parts for Medical Devices. * Plastic Parts for Household appliances, Digital Devices. * Cosmetic Plastics. * Interior Exterior Decorative Plastics, * Harness & connectors. For commitment in providing high-quality products to our customers, MIDA has set up an efficient quality & environment management system from the beginning and been certified by Bureau Veritas of ISO-9001, ISO-14001, ISO-13485 & OHSAS18001 system through-out the entire organization. We are l…

TRI CUONG INDUSTRIAL CO.,LTD (TCI)17 +84 24 3295 9859
sales.01@tci.vn

Established in 2006 with slogan “Create your values”, Tri Cuong Industrial (TCI) Co., Ltd has been becoming a leader in designing and manufacturing various types of precision parts, factory equipment and custom automation in Vietnam. Located in Hanoi capital with 2000 square meters and 120 qualified employees, our factories are equipped with state of the art CNC machinery mainly from Japan. TCI is ISO 9001-2008 and ISO 140001 certificated company and service in a variety industry of automotive, electronic, semiconductor, medical and other industries. We offer full service of consultancy, design, manufacturing, installation and maintenance. To the end of 2014, we have well installed more than 800 projects for Foreign Direct Investment (FDI) companies in Vietnam and exported products to Japan & Europe. STRATEGY: Sustain profitable growth by providing a variety of automation and technical services that meet or exceed our customers requirements. TCI is totally committed to customers’ satis…

EASYCAR THỦ ĐỨC2 +84 93 147 27 79
info@easycar.com.vn

EASYCAR THỦ ĐỨC - CHUYÊN KINH DOANH XE ĐÃ QUA SỬ DỤNG Địa chỉ: 824 Quốc lộ 13, phường Hiệp Bình Phước, TP. Thủ Đức, HCM Hotline: 0934.547.880

BAN VIEN CORPORATION248 +84 28 6261 5857
customerservice@banvien.com

TRUSTED TECHNOLOGY PARTNER Ban Vien Company Limited – is a Trusted Technology Partner in Software Development & Embedded System Development. Established in March 2010, now a team of over 400 talented and experienced experts with 6 offices in 3 countries, we are proud to retain & partner many of the foundation clients from the outset, 10+ years ago. Working together with our Client to overcome their business challenges with digital solutions is key to achieving our primary goal Trusted Technology Partner. BROAD SPECTRUM EXPERIENCE We have demonstrated expertise in embedded systems and software development across numerous industries, technologies and platforms: Automotive, Education, Retail, Banking & Finance and Computer Networks. OUR SERVICES We partner with clients to create and support innovative solutions that help the business become a lasting success in the marketplace. We offer a full scope of services: * Digital Consulting: Lab, Digital Transformation Consultancy & Digital S…

VPIC76 +84 251 3984 968
sales@vpic-group.com

VPIC is an original equipment manufacturer (OEM) based in Vietnam that specializes in the production of precision-manufactured components and products for the powersports, automotive, construction, agriculture and healthcare industries. VPIC offers state-of-the-art manufacturing services, including aluminum die-casting, laser cutting, stamping, CNC machining, steel and aluminum hot forging, welding, lost wax casting, plastic injection, liquid and powder painting, ED coating, bicycle manufacturing and assembly. VPIC’s commitment to quality, flexibility and timeliness is unmatched in the industry. For nearly 30 years, we’ve fostered strong working relationships with some of the leading manufacturers in the world. Vietnam Precision Industrial Joint Stock Company (VPIC) and Global Powersports Manufacturing, Inc. (GPMI) are members of the VPIC Group family.

NK ENGINEERING CO.,LTD - REPRESENTATIVE OF ENDRESS+HAUSER IN VIETNAM60 +84 24 7308 9966
sales@nkengineering.com.vn

NK Engineering Co. Ltd, the representative of Endress+Hauser in Vietnam, was established by an excellent professional team of engineers with over 10 years experience in providing instrumentation and automation solutions. Products: We officially provide Products, Solution, Service of The Endress+Hauser Group. Our products set standards in quality and technology. Industries: We work closely with the Chemical, Food & Beverage, Oil & Gas, Life Science, Textile, Automotive, Semiconductor industries. NK Engineering supports its customers in optimizing their processes in terms of reliability, safety, economic efficiency and environmental impact.

POLYPLASTICS VIETNAM (ENGINEERING PLASTICS)2 +84 24 7106 6966
inji.ko@polyplastics.com

Established in 1962, in the industry’s earliest days, Polyplastics is Japan’s first specialized manufacturer of engineering plastics. Polyplastics Vietnam Representative Office aims to introduce our products and services to clients in Vietnam and exchange knowledge of plastics-related production all over the world. Polyplastics là nhà sản xuất nhựa công nghiệp chuyên biệt đầu tiên tại Nhật Bản, thành lập năm 1962 từ giai đoạn sơ khai nhất của ngành. Văn phòng Việt Nam của Polyplastics có sứ mệnh giới thiệu sản phẩm và dịch vụ đến các khách hàng tại Việt Nam và trao đổi kiến thức về ngành nhựa, sản xuất nhựa với các đối tác trên toàn thế giới.

Top Automotive Companies in Vietnam

Key Statistics from 2022

The automotive industry in Vietnam has experienced robust growth in recent years. According to the General Statistics Office of Vietnam, the industry's revenue reached $24.4 billion in 2022, accounting for 10.4% of the country's total export revenue. Additionally, the sector employed over 550,000 people in 2022, making it one of the largest employers in Vietnam. Vietnam has been ranked as the fourth-largest motorcycle manufacturer in the world and has the potential to become a major player in the automotive market.

Factors Contributing to the Industry's Growth and Success

Government initiatives have played a crucial role in the growth and success of the automotive industry in Vietnam. The government has provided incentives to attract foreign investors, such as tax exemptions, investment allowances, and land-use fee reductions. Additionally, the government has invested in building infrastructure and improving the business environment to attract more investment.

Moreover, Vietnam has signed various trade agreements with other countries, providing access to new markets and boosting export revenue. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA) are two significant agreements that have enabled Vietnam to expand its export markets and increase revenue.

Each Industry's Growth and Comparison to Previous Years

The automotive industry in Vietnam includes both the manufacturing of motorcycles and passenger cars. The motorcycle industry is the dominant sector, contributing over 90% of the industry's revenue. In 2022, the motorcycle industry's revenue grew by 8%, while the passenger car industry's revenue grew by 5%. Compared to 2021, the industry's revenue grew by 5%, indicating a significant improvement.

Key Trends in the Industry

Technological disruptions have been a game-changer for the automotive industry in Vietnam. The industry has embraced automation, robotics, and artificial intelligence to increase efficiency and productivity, reduce costs, and improve quality. Moreover, the industry has adopted sustainable practices, such as reducing waste, recycling, and using eco-friendly materials, to minimize the impact on the environment.

Additionally, electric vehicles (EVs) have gained traction in Vietnam, with the government promoting the use of EVs through incentives such as tax exemptions and reduced registration fees. EV sales in Vietnam are expected to grow rapidly, with projections of up to 800,000 EVs on the road by 2025.

Challenges Facing the Industry

The automotive industry in Vietnam faces various challenges, such as limited domestic supply chains, high production costs, and competition from other countries. Additionally, the industry's heavy reliance on exports exposes it to external factors such as changes in trade policies, currency fluctuations, and economic downturns.

Moreover, the industry needs to invest in innovation, research and development, and design to stay competitive in the global market. The industry also needs to adopt sustainable practices to reduce the environmental impact and ensure the long-term viability of the industry.

Future Outlook

The automotive industry in Vietnam is expected to continue its growth trajectory, with the government's support and favorable trade policies. Additionally, technological disruptions and the adoption of sustainable practices will drive the industry's growth and competitiveness. The industry's potential for EVs presents an opportunity for growth and innovation.

The limited domestic supply chains can be addressed through investments in infrastructure and the development of local suppliers. The industry can also collaborate with universities and vocational schools to develop programs that meet the industry's needs and train the next generation of skilled workers.

Moreover, the industry needs to invest in research and development, innovation, and design to create products that meet the changing needs of customers. The adoption of sustainable practices, such as circular economy principles and eco-friendly materials, will not only reduce the industry's environmental impact but also enhance its reputation as a responsible and sustainable industry.

The potential for electric vehicles presents a significant opportunity for the automotive industry in Vietnam. The government's promotion of EVs through incentives and reduced registration fees is likely to encourage the adoption of EVs in the country. The industry can capitalize on this trend by investing in EV production and developing charging infrastructure to meet the growing demand.

Conclusion

In conclusion, the automotive industry is a vital sector of Vietnam's economy, contributing to employment, trade, and investment. The industry's growth and success can be attributed to government initiatives, trade agreements, and technological disruptions. However, the industry also faces challenges such as limited domestic supply chains, high production costs, and competition from other countries. The industry's future outlook is positive, with opportunities for growth and expansion into new markets, but it must address the challenges it faces to sustain its growth and ensure its long-term viability.

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By Melissa Goh
Published on 31 May 2023