Vietnam Motorcycles Market is fast growing in 2025. During the year sales have been always positive with last month, September, up a strong 14.5% and with Year to Date September sales at 2.4 million (+15.1%). Vinfast is booming pulling up the entire EV segment.
Economic Outlook
Vietnam’s economy grew 7.5 percent in the first six months of 2025, its fastest first-half pace in 15 years. This performance comes at a time when many economies are still grappling with the fallout of high global interest rates, weak consumer demand, and trade disruptions.
Vietnam’s consumer prices rose in the first quarter of 2025, with the Consumer Price Index (CPI) up 3.2 percent year-on-year, according to the General Statistics Office (GSO). Core inflation, which excludes items like food and energy, came in slightly lower at 3.0 percent.
GSO officials attributed the increase to fluctuations in global commodity markets and ongoing geopolitical tensions, including trade restrictions and conflicts, which disrupted supply chains and slowed global growth.
Motorcycles Industry Trend and Perspectives
The motorcycles industry, the 4th largest in the world and the 3rd for the Electric vehicles, is struggling in the post-pandemic period with dynamic changing year over year.
The development of new energy segment, supported by strong investment by local manufacturers and big Chinese companies, is facing a mature market and very selective customer demand, with high loyalty towards established companies, Honda overall.
Following a moderately positive 2024, with sales up at 2.9 million (+4.9%), the 2025 is very positive pushed up by strong consumer demand and by surging research for low emission vehicles, after that that Hanoi City announced the ban for ICE vehicles from mid 2026, a not possible to be realized decision in a town with more motorcycle than people, but actually a strong action in the way to reduce pollution.
During the year sales have been always positive with last month, September, up a strong 14.5% and with Year to Date September sales at 2.4 million (+15.1%)
The market is growing in all sectors, with the scooter segment up 14.8% and the motorcycle one, which is very small, up 57.9%.
The electric segment is performing very well with the L1 category (corresponding to engines below 50 cc) experiencing a +89%, while the L3 category is up 178%.
Market Leaders and Performance
In the competitive arena, the two market leaders, Honda and Yamaha, started the year with opposite trends, one +6.3% and the second with a -6.8%
Vinfast advanced in third place with sales up 354% keeping the leadership of a fast growing EV segment, ahead of Yadea (+48.5%) than Dibao, Pega and many others.
