More than 3.3 million motorbikes manufactured in Vietnam in 2022: GSO

Vietnamese domestic motorcycle production is estimated at more than 3.32 million units in 2022, with a year-on-year growth of 9.9%.
More than 3.3 million motorbikes manufactured in Vietnam in 2022
Positive growth of motobike sales was also recorded in the third quarter. (Photo: VNA)

Data released by the General Statistics Office recently showed that the number of motorcycles manufactured in Vietnam was estimated at 351,100 units in December, a slight decrease of 0.8% compared to November but an increase of 4.4% year-on-year.

The number of newly-produced motorcycles in the fourth quarter was estimated at 1,024 million units, a sharp growth of 33.3% compared to the third quarter and 19.8% over the same period last year.

By adjusting the plan and boosting production, motorbike enterprises in Vietnam have partly solved the problem of lack of supply and goods at dealers.

This is also the reason why the price of motorbikes soared in the first and middle stages of this year, even reaching tens of millions of Vietnamese dong, affecting consumers.

As the supply chain situation improved, domestic motorcycle assembly and production lines also gradually recovered.

The last months of the year recorded an increase in output of over 10%, ensuring an abundant number of vehicles for the domestic market, and keeping prices at a stable level.

Regarding motorcycle sales, positive growth was also recorded in the third quarter.

Vietnam Association of Motorcycle Manufacturers (VAMM) reported that the total sales of its member units reached 762,152 vehicles in the third quarter, up 16.3% compared to the previous quarter.

In the report, VAMM also noted that the above-mentioned cumulative sales only recorded the total sales of five VAMM members in the Vietnamese market, which are not the production number and do not include the export volume.

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(Source: VNA)