The Vietnamese government has announced ambitious plans to make the country into a major hub for motorcycle manufacture by 2015.
Under the plans, the initial goal is to increase output to fully meet rural needs and 90% of urban requirements – an aim which would mean no longer needing to import bikes and spare parts at a cost to the Vietnamese economy of USD 450 million.
Once this aim was achieved, the next stage will be looking to “turn poacher into gatekeeper”, by creating capacity to be a major exporter of bikes and parts, including components sold to international companies. The projection is that this could earn Vietnam some USD 400 million annually.
In 2006, 2.1 million motorbikes were produced in the country, 1.44 million of which were by major foreign companies such as Honda and Yamaha.
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