The volume of motorcycles consumed nationwide last year amounted to 3.11 million, down 6.6% from the previous year, which is the first year the domestic market has seen a decline. According to Honda Vietnam, holder of the biggest motorcycle market share, although motorcycle makers launched several new products as well as promotion programs and supports last year, the consumption volume still declined... 

Battery-powered bikes will help save as much as 90% in gasoline costs compared to normal motorbikes but it is not easy to replace bikes running on petrol, heard a seminar in HCMC on Thursday. At the seminar on greenhouse gas emission reduction via usage of electric bikes, Huynh Kim Tuoc, director of HCMC Energy Conservation Center (ECC-HCMC), presented comparison indicators between battery-powered... 

The newly-established automobile and motorbike working group of the Vietnam Business Forum (VBF) which started its annual meeting in Hanoi on Monday has suggested putting the auto and motorbike industries into the high technology group to be given incentives for further development. According to the group, the auto and motorbike industries now are not subject to any investment incentives in line with... 

Sales of motorcycles are sharply plunging even though agents in partnership with manufacturers are rushing to launch a vast array of promotions, including supporting registration fees for buyers or pulling the prices down. At Honda Vietnam (HVN), the country’s largest motorcycle maker, it is unlikely that the target set by former general director Koji Onishi to sell about 2.3 million vehicles... 

It is clear that Vietnam is the leading country in the world in terms of the number of motorbikes used. However, this would be shocking news that Vietnam may become a motorbike production base in Asia. Japanese experts from JICA (Japan International Cooperation Agency) believe that with the high localization ratio of over 90 percent and a large market, ranking the fifth in the world, Vietnam has advantages... 

Motorbike makers in Vietnam produced 384,800 units in January, a year-on-year increase of 11.3 per cent, fuelled by discounts in retail prices, statistics released on February 15 showed. The revival of the motorbike sector was attributed to the mass discount of retail prices to trigger demand. “There is no other way to ignite demand than by cutting retail prices,” said Pham Manh Sy, general... 

Honda Vietnam Company started construction of its third factory for manufacturing motorbikes and spare parts in the northern province of Ha Nam on December 19. The $120 million factory, covering a total area of 27 hectares, is expected to be put into operation after one year of construction, provide jobs for nearly 2,000 people, and contribute about VND400 billion to the province’s budget. The groundbreaking... 

The local motorbike market this year has seen a boom for manufacturers and retailers despite the current economic uncertainty. In the first eight months of the year, Honda Vietnam sold around 1.32 million units, up 20% year-on-year, according to general director Koji Onishi of the leading motorcycle maker in the domestic market. However, it wasn’t only Honda but other manufacturers such as Yamaha... 

Despite economic uncertainties, Suzuki Vietnam’s motorcycle sales in January-August doubled from the previous year, general director Masami Haga said at a press briefing introducing a new version of scooter Hayate on Wednesday. In the first eight months of the year, the company sold 40,000 motorcycle units, 10,000 units more than in all of 2010, with scooters accounting for 70%. To attain such... 

Honda Vietnam has announced that it would reconsider the production and business plan in Vietnam in the future, in case it has to pay the tax arrears of 160 million dollars, or 3340 billion dong. Meanwhile, the Japanese Embassy has come forward and asked Vietnamese competent agencies to reconsider the tax imposition. Thoi bao Kinh te Vietnam has quoted the statement by Honda Vietnam, a joint venture...