Vietnam Motor Vehicle Transmission Import Guide 2023-2025

Introduction

To help global motor vehicle transmission manufacturers, exporters, and related suppliers efficiently expand into the Vietnamese market, CRI releases the "Vietnam Motor Vehicle Transmission Import Guide 2023-2025." The guide provides an overview of the Vietnamese Motor Vehicle Transmission industry, import market, and import company information for the period.

The types of importing companies are diverse, including vehicle manufacturers (OEMs), parts suppliers and auto parts assemblers, auto aftermarket dealers and repair service providers etc. This guide features the top 10 importing companies, including company profiles, contact information, and important information such as import volume, value, price, import resources, and major suppliers for 2023-2025 (including Excel data source).

The publication of the "Vietnam Motor Vehicle Transmission Import Guide 2023-2025" aims to provide motor vehicle transmission exporters with precise customer acquisition channels, helping them expand into the Vietnamese market more efficiently. It also provides valuable decision-making insights for international trading companies and investment institutions, helping them optimize their regional supply chain strategies. This guide will help suppliers stay abreast of Vietnamese market trends, mitigate potential risks, and enhance their international competitiveness.

Industry Overview

Vietnam's automotive transmission industry has grown steadily in recent years, in line with the development of the automotive industry. As an important component of automotive powertrain systems, the demand for transmissions mainly comes from domestic vehicle manufacturing, parts assembly, and after-sales repair sectors.

Vietnam's local transmission production capacity remains relatively limited, with foreign-invested enterprises and imports being the main suppliers. Currently, only a few companies in Vietnam are involved in the manufacturing of transmissions or drivetrain components. For example, auto parts manufacturers from Japan, South Korea, and China have production or assembly bases in Vietnam to provide partial components for vehicle manufacturers.

Most high-tech automatic transmissions, dual-clutch transmissions, and continuously variable transmissions still rely on imports, especially from automobile manufacturing powerhouses such as Japan, South Korea, China, and Thailand.

Vietnam's automotive industry is currently transitioning from assembly to manufacturing. The domestic market is dominated by passenger vehicles, with the proportion of models using automatic transmissions increasing year by year, driving growth in demand for advanced powertrain systems. Furthermore, the development of the electric vehicle (EV) and hybrid electric vehicle (HEV) industries has also spurred demand for research and development and imports of new powertrain devices.

with the improvement of the automotive industry chain, the continuous inflow of foreign investment, and the introduction of new energy vehicle technologies, the Vietnamese transmission market is expected to gradually shift from import-dominated to localized production in the future.

Import Market Overview

The demand for motor vehicle transmission in Vietnam is growing, but local production capacity is limited, and the country is highly dependent on imports.

According to CRI analysis, Vietnam's automotive transmission import market is primarily driven by factors such as the development level of its domestic automotive manufacturing industry, insufficient local parts supply capacity, and growing demand for vehicle assembly. Currently, Vietnam's transmission import market remains heavily reliant on imports, especially for high-tech products such as automatic transmissions, continuously variable transmissions (CVTs), and dual-clutch transmissions, which are almost entirely dependent on supplies from Japan, South Korea, mainland China, and Europe.

Vietnam's imports of vehicle transmissions continue to increase. China is the largest source of these imports.

According to CRI statistics, approximately 470 importers in Vietnam imported Motor Vehicle Transmission in 2024, totaling US$433 million, a 22.1% year-on-year increase. According to CRI analysis, Vietnam's total imports of motor vehicle transmissions reached US$328 million from January to September 2025, an increase of approximately 16.5% compared to the same period in 2024. South Korea, China, Japan, Thailand, and the Netherlands were Vietnam's top five sources of imported motor vehicle transmissions, accounting for approximately 28.3%, 18.1%, 12.5%, 12.4%, and 11.4% of total imports respectively from January to September 2025.

Overview of Foreign Investment in Vietnam's Motor Vehicle Transmission Industry

Investment Background

The Vietnamese government considers the automotive industry one of the key pillars of its industrialization strategy, particularly in the "Vietnam Automotive Industry Development Strategy 2021–2030," which explicitly aims to achieve technological breakthroughs and localization in the manufacturing of key components such as engines and transmissions. Due to the limited technological accumulation of local enterprises, the Vietnamese government actively attracts foreign investment to guide technology transfer and industrial clustering in core components like transmissions.

Investment Advantages

1. Political stability and rapid economic development. The Vietnamese government has strong governing capabilities, consistent policies, and a focus on economic development and improving people's livelihoods.

2. Relatively low labor costs.

3. Strategically located in the eastern part of the Indochina Peninsula, with a 3,260-kilometer coastline and numerous ports, transportation is convenient.

4. Relatively relaxed policies and regulations provide foreign investors with comprehensive legal protections and generous preferential policies.

5. Vietnam has a high level of openness to the outside world, with 19 free trade agreements signed or in progress. Investors can use platforms such as RCEP and the China-ASEAN Free Trade Area to explore a broader international market.

Investment Regulations

Vietnam maintains an open attitude towards foreign investment in the manufacturing of motor vehicle transmissions and related components. According to the Investment Law 2020 and the Enterprises Law 2020, foreign investors can establish wholly foreign-owned or joint-venture companies to engage in the manufacturing, assembly, and sales of motor vehicle components. Foreign investors enjoy a number of tax and land incentives.

Guide Highlights:

Comprehensive Coverage:

This directory includes major importers in Vietnam, including vehicle manufacturers (OEMs), parts suppliers and auto parts assemblers, auto aftermarket dealers and repair service providers etc.

Detailed Information:

Including basic information of the TOP10 importers, contact information, import quantity, import value, price, import source and main suppliers.

Product Focus:

With data-driven and market-oriented approach, we focus on key industries and conduct in-depth analysis of Vietnam's import policies, market demand and major sources of supply. Whether you are a foreign trade company, an investment institution, or a practitioner upstream or downstream of the industrial chain, you can quickly find reliable information and practical strategies here.

Efficient Connectivity:

The guide has a clear format and includes Excel data, which facilitates quick screening, group management and batch contact, helping global suppliers to efficiently connect with the Vietnamese market.

Market Value:

The guide includes an overview of Vietnam's motor vehicle transmission industry, an overview of the import market, and a brief analysis of market demand trends, helping global suppliers seize the Vietnamese market and opportunities.