Five motorbikes sold in Vietnam every minute

By Luong Dung   April 25, 2023 | 12:21 am PT
Five motorbikes sold in Vietnam every minute
Motorbike drivers stuck in traffic in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Over 634,000 motorbikes were sold in Vietnam in the first three months, which translates to almost five units every minute.

The figure dropped by nearly 16% year-on-year, according to the Vietnam Association of Motorcycle Manufacturers, which comprises Honda, Yamaha, Piaggio, Suzuki and SYM.

The motorbike sales figure was 7.3 times that of cars, showing that two-wheelers remain Vietnam’s dominant means of transport.

In ASEAN, Vietnam ranks second only to Indonesia in motorbike sales with Honda accounting for roughly 80% of the market share.

Earlier this month Honda hiked the prices of most motorbikes following an increase in costs with the biggest increase being of VND2 million ($85).

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