According to the latest report from the General Statistics Office, domestic companies produced about 280,500 new motorcycles in August, a 5.8% decrease compared to July.
Honda Vietnam on April 11 announced that its retail sales of motorcycles and automobiles in March increased by 11.4% and 124% compared to the previous month.
Vietnam's motorcycle market has been among some of the fastest-growing markets in the world in the last decades despite setbacks brought by the COVID-19 global pandemic, according to the Vietnam Association of Motorcycle Manufacturers (VAMM).
Owners of motorbikes more than 18 years old and failing to meet emission standards in Hanoi may receive a subsidy to purchase a new bike under a programme proposed by the city’s Department of Natural Resources and Environment.
The five members of the Vietnam Association of Motorcycle Manufacturers (VAMM) sold 731,077 vehicles in the first quarter of 2020, down 3.03 percent year on year.
The Vietnamese motorcycle market in 2018 broke its sales record set seven years ago with nearly 3.4 million units sold for a year-on-year increase of 3.5 percent.
A total of 13,242 traffic accidents occurred in the past nine months, killing 6,012 people and injuring 10,319 others, reported the National Committee for Traffic Safety.
Losses caused by traffic accidents in Vietnam amount to 50 trillion VND (over 2.12 billion USD) each year, equivalent to 30 percent of budget spending on education, or 1. 5 million people going without income for the whole year.
The motorbike market of Vietnam has recorded positive growth in recent years, despite being forecast to enter a saturation period by the Vietnam Association of Motorcycle Manufacturers (VAMM) two years ago.
The Vietnam Association of Motorcycle Manufacturers has reported that its members sold 783,940 motorbikes of all kinds in the second quarter of 2018, up 6.1 percent against the same period last year.
The Vietnam Association of Motorcycle Manufacturers (VAMM) has reported that in the first quarter of 2018, its five members - Honda Vietnam, Suzuki Vietnam, SYM Vietnam, Piaggio Vietnam and Yamaha Motor Vietnam - sold 803,204 motorbikes of all kinds, up 1.9 percent from the same time last year.
Members of the Vietnam Association of Motorcycle Manufacturers (VAMM) sold more than 3.2 million motorcycles in 2017, marking a year-on-year increase of 4.8 percent.
The Vietnam Association of Motorcycle Manufacturers (VAMM)’s five members sold over 1.5 million vehicles in January-June 2017, representing a year-on-year rise of 6 percent.
Some of the world's top motorcycle producers and companies in supporting industries as well as Vietnamese importers will participate in the 2016 Vietnam Motorcycle Show in HCM City next April.