Last year, members of the Vietnam Association of Motorcycle Manufacturers recorded a sales figure of 2.5 million vehicles in the domestic market, marking a 16.2% decrease compared to 2022. The association comprises five key members: Honda, Yamaha Motor Co., Ltd., Piaggio Group, Suzuki, and SYM. Sales figures for each quarter were as follows: 634,688 motorcycles in Q1, 588,926 in Q2, 610,635 in Q3, and 681,963 in Q4.

In addition to the aforementioned members, the Vietnamese motorcycle market includes other brands such as VinFast, Kymco, BMW Motorrad, Ducati, Triumph, Kawasaki, Royal Enfield, Harley-Davidson, KTM, and Yadea.

Southeast Asia’s motorcycle ownership rates reveal Vietnam leading with a rate of 72.8%, while Singapore holds the lowest rate at 2.4%, as reported by Seasia Stats, an integral component of the Seasia.co platform specializing in statistical data and infographics.