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Roundup: Vietnam seeks to boost motorbike exports amid flat domestic consumption

Xinhua, March 17, 2015 Adjust font size:

Motorbike manufacturers in Vietnam must be "serious" in seeking ways to boost their exports, according to insiders on Tuesday.

Statistics by Vietnam Register (VR) under the Ministry of Transport showed that in 2014, the country consumed some three million motorbikes,reducing from 3.2 million in 2013 and 3.3 million in 2012.

In 2015, a total of 2.7-2.8 million motorbikes are forecast to be sold in Vietnam, local Bao Cong Thuong (Industry and Trade News) , an online newspaper under the Ministry of Industry and Trade quoted VR as saying on Tuesday.

With total output of four million motorbikes per year, in 2015, motorbike manufacturers in Vietnam are striving to export their products.

Honda Vietnam, the country's major motorbike manufacturer, is expected to export some 100,000 units, or five percent of its output in Vietnam to the world market in 2015, despite only 40,000 motorbikes were sold abroad in the last year, reported Bao Cong Thuong.

Other producers such as branches of Yamaha and Piaggio in Vietnam claimed to ship large volume of motorbikes to some other Southeast Asian, Asian, and European markets this year.

Local producers are suggested to promote exports to Southeast Asian and Asia markets, since few types of Vietnamese motorbikes can meet the strict technology standards in European market while Africa remains potential but facing payment risks, high transportation cost and fierce competition with Chinese motorbikes, assessed Vietnam Association of Motorcycle Manufacturers.

Vietnam remained among the world's top motorbike consumers after Indonesia, India and China. As of December 2014, there are around 43 million motorbikes traveling in this country, with every two Vietnamese citizen owning one motorbike.

The domestic motorbike consumption has already surpassed Vietnamese government's planning to have 36 million motorbikes by 2020, bringing difficulties for the country in transport infrastructure development and environment, reported Bao Cong Thuong. Endi