Vietnam motorbike in 2018
Vietnam motorbike in 2018: Despite plans to ban the motorbike in Hanoi and in Ho Chi Minh City, the market of Vietnam motorbike is still active, but in particular, the profit of 5 companies shows the table of differences.
Vietnam motorbike: Consumption breaking the record.
According to the Vietnam Association of Motorbike Manufacturers (VAMM), the purchasing power of the market of Vietnam motorbike has broken the record of previous years: More than 3 million motorbikes have been purchased.
Previously, VAMM's third quarter sales report reached 864,958 vehicles, up 10% from the second quarter of 2018. Based on the vehicle consumption rules of the last quarter of the year, sales at the end of the year were year is generally greater than or equal to that of the third quarter. It is therefore expected that total consumption will reach more than 3.3 million units in 2018. This number of Vietnam motorbike continues to be the new record of VAMM.
Looking at the consumption of motorbike in Vietnam over the last 5 years of VAMM, we can see that the growth rate is fairly steady, next year is higher than the previous year in which purchasing power has increased since 2016 (more than 3 million vehicles) and has remained until present.
It should also be noted that the VAMM report only targets the total consumption of 5 members producing the motorbike in Vietnam: Honda, Yamaha, SYM, Piaggio and Suzuki, and not production figures or export figures.
Currently, Honda Vietnam and Piaggio Vietnam are two largest exporting companies besides other motorbike brands assembled in Vietnam not belonging to VAMM. It is therefore understandable that the actual consumption value of the entire market of Vietnam motorbike is much higher than the number produced by the 5 VAMM members.
In this attractive piece of cake, the order of production at 5 motorbike manufacturers in Vietnam remains: Honda, followed by Yamaha, SYM, Suzuki and Piaggio...
Honda is the main producer of the Vietnam motorbike market:
With a 90% market share in Vietnam, it is not difficult to see that Honda is still the Japanese company to have the most benefit from the Vietnamese people. The financial report estimates that the profit made by Honda Vietnam in 2018 amounts to about 15 000 billion VND thanks mainly to the sale of the motorbike in Vietnam.
Along with this important profit, the price of Honda motorbike is often capricious compared to other producers. Models of Honda scooters such as SH Mode, SH 150i, SH 125i, Lead, Vision...increase from 5 to 20 million VND above the indicated price. In particular, the PCX model is the only motorbike in Vietnam that has the lower price of 1 to 3 million Dong compared to the price indicated due to the low demand.
On the other hand, 4 members of VAMM must maintain the price, even the price of many models is always lower than the price indicated. To summarize, the situation is still very fresh despite the limited recommendations and the gradual ban on Vietnam motorbike in the future.