Members of the Vietnam Association of Motorcycle Manufacturers reported a 6.4% year-on-year increase in sales in the first half of 2025 to 1.28 million units.
It means the association, comprising Honda, Yamaha, Piaggio, Suzuki, and SYM, sold 4.9 vehicles every minute, compared to 4.6 in the same period last year.
But their sales plummeted by 9.2% in the second quarter to 611,236 motorbikes.
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Motorbikes for sale in a Ho Chi Minh City store. Photo by VnExpress/Pham Trung |
Several other motorbike manufacturers, including VinFast, BMW Motorrad, Triumph, Kawasaki, and Harley-Davidson, did not disclose sales figures.
VinFast, the homegrown electric bike producer, sold an estimated 71,000 units in the first half, equivalent to 2024 total sales, a source familiar with the matter told VnEpxress.
The rest are considered marginal players in the market.
Under a directive by Prime Minister Pham Minh Chinh’s, Hanoi city aims to phase out fossil fuel motorbikes by July 1, 2026.
The next phases would ban personal petrol and diesel cars within Ring Roads 1 and 2 by 2028 and Ring Road 3 by 2030.
The policy is expected to boost sales of electric vehicles.
