Bright prospects for growth in Vietnam bicycle market

Vong Xanh JSC general manager Peter Nguyen says the market is growing 15% annually with about 2.5 million bicycles sold every year, equivalent to aggregate revenue of 7.5 trillion dong (RM1.4bil). — Reuters

HANOI: With more Vietnamese commuters choosing to cycle, the prospects for the bicycle market look promising with great opportunities for bicycle retailers.

Peter Nguyen, general manager of Vong Xanh JSC, revealed that the market is growing by 15% annually with about 2.5 million bicycles sold every year, equivalent to aggregate revenue of 7.5 trillion dong (RM1.4bil).