The Vietnam Association of Motorcycle Manufacturers (VAMM) has said its members sold 367,037 motorbikes in the third quarter of 2021, a year-on-year drop of 45.84 percent.

The sales of motorbikes decreased sharply in 2020. After 30 years of continued growth, the motorbike market has become saturated.

About 700,000 electric bicycles and 50 cc motorbikes are sold every year, but analysts believe the real figure is actually 1 million.

As the motorbike registration fee has increased, consumers have become hesitant to buy new motorbikes.

The warnings about bad air quality in Hanoi and HCM City given by forecasting centers in late 2019 could lead to a stronger electric motorbike market.

Urban residents are still spending big money to buy luxury scooters though a possible motorbike ban in certain areas has been proposed.

More than 3.4 million motorbikes of different kinds were sold in 2018. However, while the demand for scooters and high-cylinder capacity sports motorcycles has increased rapidly, the sales of gear motorbikes have fallen sharply. 

VietNamNet Bridge - Contrary to all predictions that the motorbike market has become saturated, motorbikes sales in Vietnam continue to increase.

VietNamNet Bridge - Having expanded by 13 times in the last 20 years, the domestic motorbike market remains hot with new models equipped with the most advanced technologies launched every year.

VietNamNet Bridge - Honda, the largest motorbike manufacturer in Vietnam, in a recent report, said the motorbike market would not see growth next year. 

 VietNamNet Bridge – Yamaha, Suzuki, SYM and Piaggio are always the first manufacturers that introduce new motorbike models, but Honda’s products have been dominating the market.

A lot of drastic measures, administrative, economic, technical, would be taken to gradually reduce the number of motorbikes in circulation throughout the country.