Vietnam High-Performance Trucks Market to Grow with a CAGR of 4.8% through 2030

Vietnam’s high-performance truck market is accelerating due to industrial growth, infrastructure upgrades, logistics modernization, and cross-border trade expansion, driving demand for powerful, fuel-efficient, and technology-integrated commercial vehicles.

According to TechSci Research report, “Vietnam High-Performance Trucks Market – By Region, Competition, Forecast & Opportunities, 2030F”, Vietnam High-Performance Trucks Market was valued at USD 2.75 Billion in 2024 and is expected to reach USD 3.65 Billion by 2030 with a CAGR of 4.8% during the forecast period. Vietnam’s high-performance truck market is navigating a pivotal transformation driven by evolving transportation needs and modernization efforts, yet it remains challenged by foundational infrastructure and systemic gaps. The rise of digital commerce, rapid urbanization, and the expanding role of Vietnam in regional supply chains are accelerating the demand for robust, efficient, and tech-integrated trucks capable of supporting a modern logistics ecosystem. Fleet operators are under increasing pressure to adopt vehicles that not only enhance fuel economy and safety but also comply with growing sustainability expectations, especially as Vietnam moves toward greener freight solutions. These shifts are prompting a reevaluation of procurement strategies, with a growing interest in high-performance models across all duty segments—from intra-city LDTs to interprovincial HDTs.

However, the market faces headwinds that temper this growth. High initial investment costs and limited access to flexible financing options pose significant entry barriers for small and medium logistics firms, which form a sizable portion of Vietnam's transport sector. Furthermore, the shortage of skilled drivers familiar with high-end or automated transmission systems has slowed the uptake of technologically advanced trucks. The country's uneven infrastructure quality, especially in rural and mountainous regions, also impedes efficient deployment of heavier trucks, limiting their full utilization potential. Moreover, fleet standardization remains a challenge, as many operators still rely on aging or mixed-capability vehicles. Amid these complexities, Vietnam's high-performance truck market stands at the crossroads of innovation and operational friction. Overcoming these challenges will require coordinated efforts between OEMs, government bodies, and logistics service providers. Investment in driver training, policy support for fleet modernization, and improved financing mechanisms will be key enablers. With the right push, the market has the potential to become a model of resilient and efficient freight mobility in Southeast Asia.

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The Vietnam High-Performance Trucks market is segmented into vehicle type, power output, transmission type and region.

Based on vehicle type, Heavy Duty Trucks are emerging as the fastest-growing segment in Vietnam’s high-performance truck market, driven by a combination of industrial expansion, infrastructure development, cross-border logistics growth, and technological adoption. One of the core reasons for this growth is Vietnam’s increasing dependence on large-scale logistics operations linked to manufacturing and exports. With industrial hubs in Binh Duong, Dong Nai, Hai Phong, and Bac Ninh becoming centers of electronics, garments, and heavy machinery production, the need for high-capacity transportation has intensified. HDTs—typically in the 401–550 HP and >550 HP categories—are preferred for long-distance hauling, container movements, and bulk cargo delivery. Ports such as Cat Lai, Cai Mep-Thi Vai, and Hai Phong handle massive cargo volumes annually and require powerful trucks that can operate efficiently under full load and in tight schedules. Moreover, Vietnam's strategic role in the ASEAN supply chain and cross-border trade with China, Laos, Cambodia, and Thailand has further pushed the demand for HDTs. The construction of transnational corridors such as the North-South Expressway and the East-West Economic Corridor has created long-haul routes that are best served by HDTs with high torque, superior fuel efficiency, and durability. These trucks are increasingly being equipped with advanced driver assistance systems (ADAS), GPS tracking, fuel telematics, and semi-automated features, making them more attractive to fleet operators focused on total cost of ownership.

Based on region, Northern Vietnam, particularly areas surrounding Hanoi, Hai Phong, Bac Ninh, Bac Giang, and Quang Ninh, is currently the fastest-growing region, projected to expand between 2024 and 2030. This growth is largely driven by the rapid industrialization of the Red River Delta and the rise of northern Vietnam as a major electronics and export manufacturing hub, with companies like Samsung, Foxconn, and Canon operating large-scale facilities in the region. The proximity to Hai Phong Port, Vietnam’s second-largest seaport, makes the region a critical gateway for exports to China, Japan, and South Korea. As industrial output surges, so does the need for heavy-duty and medium-duty trucks for container transport, factory logistics, and cross-border supply chain management. Additionally, infrastructure projects such as the Hanoi–Hai Phong Expressway expansion and the Van Don Economic Zone are creating new freight corridors, boosting demand for high-performance trucks with advanced safety and navigation systems.

Major companies operating in Vietnam High-Performance Trucks market are:

• Volvo Trucks
• Scania CV AB
• THACO Trường Hải Group
• Hino Motors Vietnam Co., Ltd.
• Isuzu Vietnam Co., Ltd.
• UD Trucks
• THACO AUTO (Trường Hải Group)
• Ford Vietnam Limited
• Tata Motors Vietnam Co., Ltd.
• TQ Wuling

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“In recent years, As Vietnam’s trucking industry matures, aftermarket service quality is becoming a key differentiator in OEM competition. High-performance trucks, with their complex electronics and imported parts, require specialized maintenance, diagnostics, and genuine spares. Leading OEMs like MAN and Volvo Trucks have expanded their service center networks in Vietnam in 2025, while local players are entering partnerships for parts availability. In parallel, fleet owners are exploring alternative ownership models like leasing, full-service maintenance contracts, and subscription-based truck usage. Under these models, OEMs provide a fixed monthly truck plus service package, eliminating large upfront investments.” Said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

"Vietnam High-Performance Trucks Market, By Vehicle Type (Light Duty Truck, Medium Duty Truck, Heavy Duty Truck), By Power Output (250–400 HP, 401–550 HP, >550 HP), By Transmission Type (Automatic, Manual), By Region, Competition, Forecast & Opportunities, 2020-2030F”, has evaluated the future growth potential of Vietnam High-Performance Trucks market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Vietnam High-Performance Trucks market.

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