Vietnam’s motorcycle manufacturing industry increased by 68.6 percent in January compared to the 2019 baseline, according to Vietnam’s Industrial Production Index. This was higher than December 2024, when output stood at 24.7 percent above 2019 levels.
Month-on-month, production surged by 40.6 percent in January compared to December. However, year-on-year, the sector recorded a 3.4 percent decline from January 2024, indicating a slowdown in annual demand.
Vietnam’s motorcycle manufacturing industry is one of the largest in the country, playing a crucial role in transportation, employment, and economic development. Motorcycles are the dominant mode of transport in Vietnam, making the country one of the largest motorcycle markets in the world.
The industry is led by major foreign manufacturers such as Honda, Yamaha, Suzuki, and Piaggio, which have established large production facilities in Vietnam. Honda Vietnam holds the largest market share, producing millions of motorcycles annually for both domestic consumption and export. These companies manufacture a wide range of models, from affordable commuter bikes to high-end scooters and electric motorcycles.
Local manufacturers also contribute to the industry, though they mainly focus on assembling imported components rather than full-scale production. Some Vietnamese companies have begun investing in electric motorcycles to meet the growing demand for eco-friendly transportation.
Despite strong production, the industry faces challenges such as increasing competition, shifting consumer preferences toward electric vehicles, and stricter environmental regulations.
That said Vietnam’s motorcycle manufacturing industry remains a key sector, driven by strong demand and the presence of leading international brands. As the market evolves, the industry is likely to see more investment in electric motorcycles and technological advancements to meet changing consumer needs.
See also: Automotive Industry in Vietnam