Vietnam sells fewer motorbikes in Q2

Source: Xinhua| 2019-07-17 16:07:18|Editor: xuxin
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HANOI, July 17 (Xinhua) -- Vietnam, known as a motorcycle kingdom in the world, made motorbike sales of over 749,500 units in the second quarter of this year, seeing a year-on-year decrease of roughly 4.4 percent.

The motorbikes were sold by five members of the Vietnam Association of Motorcycle Manufacturers (VAMM), namely Honda Vietnam, Yamaha Motor Vietnam, Suzuki Vietnam, Piaggio Vietnam and SYM Vietnam, in the Vietnamese market, the VAMM said on Wednesday.

In the first quarter of this year, the five VAMM members sold more than 753,900 motorbikes in the market, down 6.1 percent.

Vietnam gained motorbike sales of nearly 3.4 million vehicles in 2018, breaking the record of 3.3 million units in 2011, up 3.5 percent against 2017, said the VAMM. Meanwhile, the country spent 647 million U.S. dollars importing motorbikes, components and spare parts, up 45.2 percent, according to its General Department of Vietnam Customs.

Although Vietnam's capital Hanoi has decided to ban motorbikes from running in its urban districts from 2030, the local motorcycle market will remain stable in the near future, the VAMM forecast.

In recent years, urban dwellers in the country have preferred scooters, while their rural counterparts still have had a high demand for motorcycles.