News Honda Motorcycles to Expand in Vietnam

Honda Motorcycles to Expand in Vietnam

 

Honda Vietnam Motorcycles

Honda motorcycle operations are already strong in Vietnam, the Japan two-wheel marquee already producing 2 million units a year.

But due to steady growth in the Vietnam motorcycle market, Honda Vietnam Co., LTD (HVN) has plans to build a third plant to expand it’s motorcycle production by 500,000 units, thus increasing total production to 2.5-million units a year.

The third Honda Vietnam plant will be built in the Ha Nam Province, about 40 kilometers south of hanoi, is expected to cost 9.6 billion yen (USD: $120 million). Honda expects the plant to be operating in the second half of 2012.

According to Honda, the Vietnam motorcycle market has grown 20-percent from 2009 to 2010, reaching 2.69 million units in 2010. This makes it the fourth largest market behind China, India and Indonesia.

Honda Vietnam says: “Motorcycles have been an integral part of people’s daily lives in Vietnam, and further expansion of the market is forecasted as the economy continues to grow. Based on this forecast, HVN determined to build the third plant in order to further strengthen its capability to continue providing products to Vietnamese customers in a timely manner.”

Since the start of production in 1997, HVN’s cumulative motorcycle production has reached 9.6 million units and sales has experienced a year-on-year increase for 14 consecutive years. Moreover, HVN’s market share in Vietnam reached 64 percent in 2010. HVN will continue enhancing its product lineup to fulfill the increasingly diversifying customer needs in Vietnam.

Honda will continue maximizing the joy of customers by creating good products with speed, affordability and low CO2 emissions.

Ron Lieback
Ron Lieback
One of the few moto journalists based on the East Coast, Ron Lieback joined the motorcycle industry as a freelancer in 2007, and is currently Online Editor at Ultimate Motorcycling. He is also the author of "365 to Vision: Modern Writer's Guide (How to Produce More Quality Writing in Less Time).

2021 Moto Guzzi V85 TT Lineup First Look: Adventure and Travel

Sporting two touring-oriented ADV motorcycles, the 2021 Moto Guzzi V85 TT lineup returns with some motor and electronics package updates, and a bit more....

2021 American Flat Track Schedule: 17 AFT Rounds Planned

The 2021 American Flat Track schedule has been revealed, and it features 17 rounds running from March to October, and coast-to-coast. There are four...

2021 Aprilia RSV4 and RSV4 Factory First Look (11 Fast Facts)

There are quite a few updates to the 2021 Aprilia RSV4 and RSV4 Factory. None of them are revolutionary. However, taken together, they add...

Honda CRF110F EFI Long-Term Test: 11-Year-Old Tested

When we got a hold of the 2019 Honda CRF110F, we were reluctant to give it back. Test rider Ben Karsian was cutting his...

2021 Moto Guzzi V9 Lineup First Look: Bobber and Roamer Updated

The  Moto Guzzi V9 lineup of the Bobber and Roamer gets a significant update for 2021. There’s a new motor powering the two V9s,...

Tirox SnapJack SS First Look: Motorcycle Chain Maintenance Aid

Although single-sided swingarms are designed to simplify maintenance, if the motorcycle doesn’t have a centerstand, it doesn’t make working on your drive chain any...