Discover the latest post‑Lunar New Year discounts on compact MPVs in Vietnam, including up to VND 53 million off the Mitsubishi Xpander. Learn more now!
In Vietnam, sub‑compact multi‑purpose vehicles (MPVs) have become a favorite among families and city drivers alike. With price tags hovering around VND 600 million, they offer an affordable entry point without compromising on ground clearance, interior space, or versatility.
Post‑Lunar New Year Promotion roundup
After the Tet holiday, manufacturers rolled out a series of limited‑time offers, converting to discounts that reach tens of millions of dong. Below is a quick snapshot of the most attractive deals for February 2026.
- Mitsubishi Xpander Premium AT – 50% off the registration fee plus a VND 20 million fuel voucher, totalling roughly VND 53 million in savings.
- Mitsubishi Xpander Cross (facelift) – identical incentives, with an overall value of about VND 55 million.
- Toyota Veloz Cross – registration‑fee support worth VND 64‑66 million, depending on the trim.
- Toyota Avanza Premio – discount ranging from VND 56‑60 million.
- Hyundai Stargazer (outgoing models) – clearance incentive of up to VND 96 million for Indonesian‑built units.
- Kia Carens – price reductions between VND 10‑30 million across its three trims (VND 599‑669 million).
- Suzuki XL7 Hybrid – 100% waiver of the registration fee plus a 3.5‑year maintenance package, equating to roughly VND 70 million in value.
Sales performance: Xpander still leads
Data from the Vietnam Auto Manufacturers Association (VAMA) and TC Motor shows that the Mitsubishi Xpander remains the dominant force in the sub‑compact MPV segment. In January 2026 alone, 1,938 units were sold, outpacing the nearest rival, Toyota Veloz Cross, which moved 861 units.
Kia Carens held third place with 573 vehicles, while other contenders posted more modest numbers: Suzuki XL7 Hybrid (427), Hyundai Stargazer (421), Honda BR‑V (313) and Toyota Avanza Premio (69).
Overall, the Xpander accounted for over 42% of all sub‑compact MPV sales in Vietnam. When mid‑size models such as the Hyundai Custin, Toyota Innova Cross, and Kia Carnival are added to the mix, the Xpander’s share still represents roughly one‑third of the entire gasoline‑powered MPV market.
Electric MPVs raise the stakes
While the Xpander continues to thrive, it now faces growing competition from pure‑electric MPVs. VinFast’s Limo Green entered the market just four months ago and immediately challenged the Xpander’s supremacy. A second Limo Green variant – the VF MPV 7, tailored for larger families – is slated for launch later this year, promising to attract further buyer interest.
Another notable entrant is the BYD M6, which has quickly become BYD’s best‑selling model in Vietnam, underscoring a rapid shift toward electric mobility.
What’s next for the sub‑compact MPV segment?
Each powertrain attracts a distinct customer base, yet the rising tide of electric MPVs could chip away at the market share of gasoline‑driven models like the Xpander. Dealers and manufacturers will need to balance aggressive pricing, attractive financing, and new‑energy options to retain relevance.
For shoppers, the current wave of post‑Tet promotions presents a rare opportunity to secure a compact MPV at a significantly reduced price. Whether you’re drawn to the proven practicality of the Mitsubishi Xpander or the eco‑friendly appeal of a hybrid or electric alternative, the Vietnamese market is buzzing with choices.
Stay tuned for updates on upcoming incentives and new model launches that could reshape the MPV landscape in the months ahead.