Motorbike sales in Vietnam shrink in 2019
Thursday, January 16,2020AsemconnectVietnam - The Vietnam Association of Motorcycle Manufacturers (VAMM) has said its five members, namely Honda, Piaggio, Suzuki, SYM, and Yamaha, sold over 3.25 million motorbikes in 2019, a year-on-year decline of 3.87 percent.
Honda is making up nearly 81 percent of the sector’s market share with the most diverse range of products.
The five VAMM members are manufacturing and distributing nearly 100 models of motorcycles with prices ranging from tens of millions of VND to over one billion VND each.
Other domestic brands present in Vietnam’s motorcycle market are VinFast and Pega, as well as foreign firms such as Kymco, Ducacti, Kawasaki, BMW, KTM, Benelli, Harley Davidson, Triumph, Royal Enfield, and Motorrad.
According to insiders, as Vietnamese people’s incomes have increases, more customers have been switching to buying cars. Last year, 400,000 cars were sold at home, a record number over the past 20 years.
Air pollution in big cities has also made a large number of people use their personal cars or buses instead of motorbikes to ensure health and reduce traffic jam, experts said.
Source: Vietnamplus.vn
Raw cashew nut imports from Cambodia skyrocketed
Vietnam’s trade with top 11 Asian markets is set to grow significantly
Trade recovers strongly since reopening
Reference exchange rate down 2 VND on March 17
DAILY: Vietnamese pepper prices rose by 500 VND on March 17
DAILY: Vietnamese coffee prices increased by 500 VND on March 17
Vietnam posts 78.9% growth in coffee export value to Spain
9 export items with positive growth in first 2 months of 2023
Seafood exports in February and first 2 months of 2023
Vietnam’s regulatory interest rates to be reduced by 0.5-1 percent
Consumer rights protection online a focus amid e-commerce boom
Opportunities for Vietnamese goods in foreign supermarkets
Reference exchange rate up 3 VND
Rice exports reached more than 893,000 tonnes in 2 months
Plan on implementing Decision No. 327/QD-TTG dated March ...
Concretize viewpoints, objectives, tasks and solutions of the plan in accordance with practical conditions of the locality, associating ...Plan on implementing national environmental protection ...
Implementation plan of marine aquaculture development ...
Program on conservation and development of Vietnamese ...
Plan on improving quality of human resources to 2025 and ...
Efforts taken to turn culinary culture into national ...
The Vietnam Cuisine Culture Association (VCCA) is taking steps to implement a project to build and develop Vietnamese culinary culture ...Vietnamese cuisine making a name for itself with ...
Vietnam advance to next round of AFC U20 Women’s Asian Cup
Cultural tourism and traditional values promoted through ...