Honda continues to maintain its dominant position in the market with sales of 554,805 motorbikes in the third quarter of this year, equivalent to an 80.8 per cent market share.
According to the Việt Nam Association of Supporting Industries (VASI), Vĩnh Phúc now has 16 domestic enterprises becoming tier-1 suppliers in the supply chains of electronic products, automobiles and motorbikes of FDI companies in Việt Nam.
To deeply participate in the global supply chain, Vietnamese businesses are forced to improve their competitiveness, promote large-scale production and focus more on products with high technology content.
Chairman of Vietnamese conglomerate Vingroup Pham Nhat Vuong on March 6 announced the establishment of GSM (Green - Smart - Mobility) Joint Stock Company, offering VinFast electric car and motorbike rental and taxi services.
The Vietnam Association of Motorcycle Manufacturers (VAMM) has said its members sold 367,037 motorbikes in the third quarter of 2021, a year-on-year of 45.84 per cent.
Due to the impact of the COVID-19 pandemic and social distancing in many provinces and cities across the country, the consumption of the Vietnamese motorcycle market has ped sharply in the last five months.
Dat Bike, a Vietnamese technology start-up that plans to make electric motorbikes, has raised US$2.6 million in a pre-series A funding from Singapore’s Jungle Ventures, Wavemaker Partners, Hustle Fund, and iSeed Ventures.
Hao Hsing Investment company, an investor from Taiwan, will commence construction of the first car and motorbike exhaust pipe factory in the central city’s Hòa Khánh Expanded Industrial Zone in the second quarter of this 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 per cent.
More than 130 leading firms from Thailand are advertising their products and services to local customers at the Top Thai Brands 2018, which began in the capital on Thursday.