Vinh Phuc: auto, motorcycle sales grow 19 percent

Sales of enterprises operating in automobile and motorbikes manufacturing and assembling in the northern province of Vinh Phuc were estimated to exceed 258 million USD since the beginning of 2019, a year-on-year increase of 19 percent.

vinh phuc: auto, motorcycle sales grow 19 percent hinh 0
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Export of the products reached roughly 172 million USD, up 36 percent year on year.

The products included 220 units produced by Vietnam Daewoo Bus, 47 percent higher than the same period last year; and over 101,000 units by Piaggio Vietnam, 80 percent of which were exported while the remainder was distributed domestically.

Producers in the industry currently provide jobs for nearly 1,200 local workers.

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.

According to the Vietnam Association of Motorcycle Manufacturers (VAMM), its five members – Honda, Piaggio, Suzuki, SYM and Yamaha – sold more than 282,000 vehicles per month on average.

Vinh Phuc-based Honda is currently manufacturing and distributing 24 motorcycle models, accounting for more than 70 percent of the market share nationwide.

VNA