It was only behind Indonesia where sales declined by 5% to 3.2 million units, according to statistics platform MotorCycles Data.

It forecast the Vietnam market could reach nearly three million units this year.

Motorbike drivers are seen during a traffic congestion in Dong Nai Province on January 28, 2022.

But the platform considers Vietnam’s sales figures below expectations.

"While the domestic economy is growing very fast, sustained by strong export, the market is constrained by low demand from the middle class and has yet to recover from Covid-19 shock."

Supply chain troubles and increasing raw material costs have pushed up prices for new models, which cooled down demand, it added.

The rest of the top five ASEAN markets comprise the Philippines, Thailand and Malaysia.

ASEAN saw 8.8 million motorcycles sold in the first nine months, up 6.4% year-on-year.

1,279 new businesses established in Bac Giang

(BGO) – Since early this year, 1,279 new businesses have been established in Bac Giang province, up 25 percent year on year, reported the provincial Department of Planning and Investment.

Businesses take effort to overcome and affirm trademark

(BGO) – In spite of encountering many difficulties in production and business, the enterprises have exerted every effort to overcome and affirm the trademark. Recently, many have been honored as “Outstanding enterprises” in Bac Giang province at the six event of its kind in 2019 – 2022 period.

Head of Bac Giang IP Management Board exchanges with business

(BGO) – On October 11, the Industrial Park Management Board (IPMB) in Bac Giang province held a talkshow with nearly 200 businesses under the chairman of IPMB Head Dao Xuan Cuong and leaders of relevant departments and sectors.

Finance Ministry provides favourable conditions for businesses to ensure petrol supplies

The Finance Ministry always offers all possible support to firms, especially distributors and retailers, to ensure stable petrol supplies, thus stimulating production-business and daily activities, said Minister Ho Duc Phoc.

Bac Giang Business Association helps businesses develop

(BGO) - In recent years, the Business Association of Bac Giang province has overcome difficulties to continue affirming its position and role as a "bridge" between the local business community and all-level authorities as well as to protect the legitimate interests of its members.

Source: VnExpress