Vietnam ranks 4th in the world in motorbike consumption.
According to statistics from the Vietnam Association of Motorcycle Manufacturers (VAMM), total market sales in 2017 reached nearly 3.3 million vehicles of all kinds, an increase of 4.8% compared to 2016.
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| The motorcycle market has grown continuously over the past two years. |
Thus, on average, Vietnamese people buy more than 270,000 motorbikes per month, nearly equal to the number of cars sold in 12 months of the automobile market (according to data from the Vietnam Automobile Manufacturers Association (VAMA), the automobile market consumed nearly 273,000 cars in 2017).
With total purchasing power increasing unexpectedly in 2016 and 2017, Vietnam is now the world's 4th largest market for motorbike consumption.
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