The five members of the Vietnam Association of Motorcycle Manufacturers (VAMM) sold 731,077 vehicles in the first quarter of 2020, down 3.03% year on year.
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.
The gear motorbike market segment has become cramped with many models priced up to VND20 million.
Vietnam’s motorcycle market has seen an increase in its sales for the first time since 2012, reaching 1.4 million vehicles in the first six months of 2016, according to the Vietnam Association of Motorcycle Manufacturers (VAMM).
Foreign motorbike manufacturers have earned billions of dollars in Vietnam, a market with 90 million people and 45 million motorbikes.
(VOV) - The initial five members of the Vietnam Motorbike Association (VMA) will officially debut the new industry body later in February.