Forbes quoted a source from VinFast as reporting that about 30,000 VinFast electric motorbikes have been sold. VinFast’s factory has the capacity of 250,000 products a year, and it aims to make 1 million products a year in the future.

Many electric motorbike brands were in the market before VinFast. However, VinFast has accelerated the development of the electric motorbike market since the its first product VinFast Klara was marketed in November 2018.

Prior to that, consumers were familiar with Pega electric motorbikes.

The demand for two wheelers is always very high, with 3 million motorbikes bought every year. In addition, about 400,000-500,000 electric motorbikes are sold each year in Vietnam. 

Forbes quoted a source from VinFast as reporting that about 30,000 VinFast electric motorbikes have been sold. VinFast’s factory has the capacity of 250,000 products a year, and it aims to make 1 million products a year in the future.

Analysts say that electric motorbikes will be used more in large urban areas, especially when cities prohibit petrol-run vehicles.

The emissions from motorbikes is believed to be the major cause of air pollution in Hanoi and HCM City.

Many electric motorbike brands have flocked to Vietnam, hoping to conquer the market when there are still few rivals.

In September 2019, MBI, a brand from South Korea, made its official presence in Vietnam. The manufacturer introduced three versions Mbi X, Mbi S and Mbi V which have selling prices between VND39,800,000 and VND59 million.

The price levels are far higher than VinFast's Klara, but MBI is believed to be a tough rival because it has attractive design, uses high technologies, and has high quality.

MBI is trying to build an ecosystem with battery charging and exchange stations, which VinFast is striving for.

In addition to charging at home, this system allows users to order monthly battery exchange packages in a convenient way, like a mobile phone subscription package.

Prices of monthly packages vary depending on demand. After the subscription package is used up, users can still buy additional packages at low prices.

In November, Yadea from China, known as the manufacturer with the biggest sales in the world, entered the Vietnamese market.

Yadea introduced three models, including Yadea E3, Ulike and G5, priced at VND16-40 million, competing directly with VinFast Klara.

In related news, the Vietnam Association of Motorcycle Manufacturers (VAMM) reported that five members of VAMM, including Honda, Yamaha, Suzuki, Piaggio and SYM, sold 3.3 million motorbikes of all types in 2019, down 131,130 products, or 3.8 percent against 2018.

Kim Chi 

HCM City should carefully weigh motorbike ban: Transport Ministry

Authorities of HCMC should study the impact of a motorbike ban in inner-city areas to avoid affecting the daily commutes of the locals, said the Ministry of Transport.  

Pilot project allows fee payment for cars and motorbikes online

Residents in Hanoi and HCM City will now be able to pay registration fees for cars and motorbikes through the Government’s national public service portal, banking electronic payment channels and intermediary payment service providers.