Vietnam emerges as a major motorcycle market and manufacturing hub; motorcycle market among biggest in the world

A Honda Vietnam factory in the northern province of Vinh Phuc. - Vietnam News/ANN

HANOI, June 4 (Vietnam News/ANN): Vietnam's motorcycle market has been among some of the fastest-growing markets in the world in the last decades despite setbacks brought by the Covid-19 global pandemic, according to the Vietnam Association of Motorcycle Manufacturers (VAMM).

Currently, there are more than 70 million registered motorcycles in the Southeast Asian country with the figure projected to grow even larger in the future. In the first four months of 2023 alone, the country produced more than 1 million new motorcycles.