Motorcycle market needs to be revived

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The Hanoitimes - While motorcycle dealers bemoan the slowest sales in a decade, manufacturers are busy, introducing new models in the hope of triggering a revival. Japanese-funded Honda Vietnam seems to be the busiest motorcycle manufacturer, marketing four new models and face-lifts including PCX 125 and Wave 110 RSX Fi in January, Air Blade in March and Future in June. Honda's compatriot, Yamaha Vietnam, followed with the all new Nozza Grande scooter, which was introduced earlier this … [Read more...]

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Auto sales stay strong in May

A Toyota Fortuner is seen on the street. Toyota has lost its first position in the local auto market to Thaco for four months on end - Photo: Le Hoang

Sales of members of the Vietnam Automobile Manufacturers' Association (VAMA) continued rising high last month with nearly 10,000 automobiles sold. VAMA has yet to release the official figure. However, according to statistics of VAMA members, they sold around 9,850 autos in total last month, up by nearly 1,650 units year on year and roughly equivalent to the figure recorded in April. … [Read more...]

HVN to summarize 2014 and organize a business plan for 2015

HVN has achieved many success in 2014

Honda Vietnam (HVN) has held a closing ceremony for the 2014 business year and prepared a business development plan for 2015. The 2014 business year ended in instability with several difficulties for the automobile and motorcycle market in general and for HVN in particular. Nevertheless, with endless efforts, HVN has achieved many success and also contributed greatly in many social activities, thus bringing joy and happiness for many while at the same time completing the goal of becoming a … [Read more...]

Vietnam’s motorbike retailers throw up hands as manufacturers knuckle down

Men work on the assembly line at a Piaggio scooter and motorcycle factory in Vinh Phuc Province, outside Hanoi. Photo credit: Reuters

While motorbike producers in Vietnam are raising production and introducing new models, retailers say they've lost patience and want out. A man from the northern province of Hung Yen just sold his Honda showroom in Hanoi to a new owner, one year after he took it over and spent VND7 billion (US$331,400) upgrading it, news website VietNamNet reported. Another shop in the capital's Thanh Xuan District changed hands three times, while many bike dealerships have failed to find investors and feel … [Read more...]

Honda Vietnam to launch 10 new motorbike models

(VOV) - Honda Vietnam has announced that it will launch ten new motorbike models in fiscal year ending March 2015, aiming to turn Vietnam into the "hub" of the motorbike world. The company unveiled that it aims to sell two million motorbikes during the year increasing its sales volume to US$247 million, up 166% over the prior year. It also plans to expand exports to over 22 nations in the world. The company said that domestic motorbike sales are forecast at 2.71 million, down 13% over last … [Read more...]

Honda Vietnam continued to co-operate with VFF

HVN representative to join hand with VFF, coaches and players

This morning (May 10th), Honda Vietnam has held a formal press conference in HCM city to extend its contract as the Vietnam Football Federation's (VFF) main sponsor for the 2nd consecutive time. On april 4th, 2013, Honda Vietnam (HVN) has officially become the main sponsor for VFF, the male and female football teams as well as the U23 team. This year saw no difference as HVN continued to accompany the national sport while at the same time announced the project "Gift for Dreams" for football … [Read more...]

Honda signs sponsorship deal with Vietnamese Football Federation

HA NOI (VNS) — Honda Vietnam will continue to support Viet Nam football after signing a sponsor contract with the Viet Nam Football Federation on Saturday in HCM City. Following the agreement, the value of which was kept secret, the Japanese firm will sponsor both men's and women's national teams and the U23 men's squad, in one year beginning from this April. Honda said if the Vietnamese women win a berth in the final round of the World Cup 2015, while the men take the AFF Cup title, each … [Read more...]

Toshiya Miura coaches national football team

Toshiya Miura (R) made his debut in HCM City on May 10

(VOV) - Toshiya Miura of Japan penned a two-year contract with the Vietnam Football Federation (VFF) at a ceremony in HCM City on May 10 to coach the national football squad and the national Olympic team. Japanese coach to lead Vietnam's U23 squad Takeshia Okada likely to coach Vietnam team Born in 1963, Miura began his coaching career at Vegalta Sendai of the J-League in 1997 and then five other J-League clubs. He had led Japanese clubs to play more than 100 games at … [Read more...]

Motorbike manufacturers still set hope on VN market

More and more motorbike manufacturers have come to Vietnam. More and more motorbike models have been marketed. However, many products have been unsold, while the market is believed to be reaching a saturation point. According to a report published by the English language news website VietNamNet Bridge on April 15, motorbike dealers are complaining that they incurred big losses in 2013, and cannot see any improvement in 2014. A senior executive of Savico, a general service company, said … [Read more...]

Sale declines, motorbike manufacturers still set hope on VN market

Motorbike dealers are complaining that they incurred big losses in 2013, and cannot see any improvement in 2014.

VietNamNet Bridge - More and more motorbike manufacturers have come to Vietnam. More and more motorbike models have been marketed. However, many products have been unsold, while the market is believed to be reaching a saturation point. Motorbikes left unsold A senior executive of Savico, a general service company, said while the automobile market witnessed a strong recovery in 2013, with a growth rate of over 20 percent, the motorbike market experienced a very tough year. Due to a sharp … [Read more...]