Most of the world’s biggest motorbike manufacturers have come to Vietnam to set up their main production bases, which have been providing products to many markets in the world. Honda Vietnam has announced that the locally made content ratio in its products is up to 90-95%. Yamaha Vietnam, has also been localizing a
Most of the world's biggest motorbike manufacturers have come to Vietnam to set up their main production bases, which have been providing products to many markets in the world.
Honda Vietnam has announced that the locally made content ratio in its products is up to 90-95%.
Yamaha Vietnam, has also been localizing a lot of its models to be consumed domestically and exported.
In 2012, Piaggio Vietnam put the engine factory in Vinh Phuc province into operation.
The manufacturer said a part of the engines from the factory would serve the motorbike production in Vietnam, while the remaining would be used to make products for export to the markets in Asia – Pacific.
Roberto Colaninno, President and CEO of Piaggio Group, when announcing the establishment of the research and development center in Vinh Phuc province, stressed that this is the first Piaggio's center set up in Asia Pacific, which shows the importance of the market in the eyes of the motorbike manufacturer.
Hoang Ha from Yamaha Vietnam has noted that Vietnamese enterprises have recently been trying to upgrade the production lines and the production capacity, thus allowing to make the products more competitive in prices. However, he said Vietnam's supporting industries still far lag behind the other regional countries including Thailand or Indonesia.