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Motorcycles, scooters, and Mopeds are syno … Motorcycles, scooters, and Mopeds are synonymous in Vietnam (in Vietnamese: xe máy). The motorcycle industry in Vietnam has been boosted in the 1990s due largely to foreign investment. Currently, Vietnam is considered the center of the motorcycle industry in Asia, with average annual sales of motorcycles in Vietnam reach 3 million units. The key players in the motorcycle industry include foreign brands: Honda, Yamaha, Piaggio, Suzuki, and SYM, and local producers of e-motorbikes: VinFast. In recent years, the domestic motorcycle industry in Vietnam has faced challenges from the government's intention to reduce the number of motorcycles on the streets, the growing market of environmentally-friendly e-motorbikes, and expanding car ownership. The slowdown trends in the local motorcycle market growth have appeared. Under this trend, many motorcycle manufacturers turn to use Vietnam as a base of motorcycle production for exporting to other countries in and beyond the Asian region. In turn, the export industry has been particularly vulnerable to the COVID-19 induced lockdown and global economic decline. At the same time, the motorcycle industry in Vietnam has drawn concerns from the public, the authority, and the academia. The most common worry is that motorcycle emission can worsen air quality and accelerate climate change. Studies have also shown that the persisting motorcycle dominance in transport could slow down the upgrading of urban facilities in accommodating four-wheel vehicles. Finally, the motorcycle taxi, one of the many occupations associating with the motorcycle industry, is seen as incompatible with the state's vision of urban modernity.ith the state's vision of urban modernity.
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Motorcycles, scooters, and Mopeds are syno … Motorcycles, scooters, and Mopeds are synonymous in Vietnam (in Vietnamese: xe máy). The motorcycle industry in Vietnam has been boosted in the 1990s due largely to foreign investment. Currently, Vietnam is considered the center of the motorcycle industry in Asia, with average annual sales of motorcycles in Vietnam reach 3 million units. The key players in the motorcycle industry include foreign brands: Honda, Yamaha, Piaggio, Suzuki, and SYM, and local producers of e-motorbikes: VinFast. local producers of e-motorbikes: VinFast.
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Motorcycle industry in Vietnam
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