BUSINESS Updated at 15:52:16 05/26/2020  (Views:  49 )
Honda Vietnam posts motorbike sa

Honda Vietnam posts motorbike sale increase

Honda Vietnam sold 2.6 million motorbikes in the 2020 financial year, a year-on-year increase of 0.5 percent. 

Honda Vietnam's production line (Source: honda.com)

The motorbike maker currently holds 79.7 percent of the market, Honda Vietnam released the information at an event on May 25 to review its activities in 2020 and launch plans for the 2021 financial year, which started from April and ends in next March.

The combined Vietnamese market in the 2020 fiscal year reached 3.2 million motorbikes, a decline of about 3.1 percent compared to the previous year.

In addition to domestic production and consumption, Honda Vietnam exported 181,600 completely-built-unit (CBU) motorbikes and spare parts for different markets, raking in 386.7 million USD, up 5.1 percent compared to the 2019 financial year.

It is also set to ship more than 177,500 CBU motorbikes abroad in the 2021 fiscal year, down 2.2 percent compared to the previous year.

Source: VNA

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