Tiêu đề Euromonitor - Mobility in Vietnam.pdf ✅

Mobility in Vietnam Euromonitor International October 2024
M O B I L I T Y I N V I E T N A M P a s s p o r t i © E u r o m o n i t o r I n t e r n a t i o n a l LIST OF CONTENTS AND TABLES HEADLINES................................................................................................................................. 1 LIGHT VEHICLE SALES.............................................................................................................. 1 Market background................................................................................................................... 1 Prospects.................................................................................................................................. 2 Chart 1 Light Vehicle Sales in Vietnam 2018-2028................................................... 2 Chart 2 Car Sales by Segment in Vietnam 2018-2028 ............................................. 2 Chart 3 Top Five Automotive Brands by Market Share in Vietnam 2023 and Change 2018-2023 ...................................................................................... 3 Chart 4 Top 10 Most Popular Light Vehicle Models in Vietnam 2023 ....................... 3 Chart 5 New vs Second-Hand Car Purchase in Vietnam in the Coming Year 2024............................................................................................................. 4 ELECTRIC AND ALTERNATIVE FUEL VEHICLES..................................................................... 4 Market background................................................................................................................... 5 Prospects.................................................................................................................................. 5 Chart 6 Electric Car Registrations in Vietnam 2018-2028......................................... 5 Chart 7 Reasons for Not Buying an Electric Car in Vietnam 2024 ............................ 6 Chart 8 EV Charging by Location in Vietnam 2024................................................... 7 SHARED MOBILITY..................................................................................................................... 7 Market background................................................................................................................... 7 Prospects.................................................................................................................................. 8 Chart 9 Shared Mobility Gross Bookings by Type in Vietnam 2018-2028................. 8 Chart 10 Top Four Shared Mobility Brands by Market Share in Vietnam 2023 and Change 2018-2023 ............................................................................... 8 Chart 11 Forecast Growth in Consumer Booking Value by Shared Mobility Type in Vietnam 2023-2028 ......................................................................... 9 Chart 12 Typical Mode of Commute Using Shared Services in Vietnam 2024 ........... 9 Chart 13 Anticipated Future Spending on Transportation by Mobility Mode in Vietnam 2024............................................................................................. 10 CAR RENTALS .......................................................................................................................... 10 Market background................................................................................................................. 11 Prospects................................................................................................................................ 11 Chart 14 Car Rental Sales in Vietnam and Year-on-Year Growth 2018-2028 .......... 11 Chart 15 Car Rental Share of Sales by Channel in Vietnam 2018-2028................... 11 Chart 16 Share of Car Rental Sales by Category in Vietnam 2018-2028 ................. 12 Chart 17 Car Rental Total Transactions and Average Spend per Transaction in Vietnam 2018-2028.................................................................................... 12 Chart 18 Fleet Size and Year-on-Year Growth in Vietnam 2018-2028 ..................... 13 PUBLIC TRANSPORTATION .................................................................................................... 14 Market background................................................................................................................. 14 Prospects................................................................................................................................ 14 Chart 19 Frequency of Public Transport Use for Commuting in Vietnam 2024......... 15 Chart 20 Frequency of Public Transport Use for Commuting by City Size in Vietnam 2024............................................................................................. 15 Chart 21 Number of Days per Week Commuting in Vietnam 2024........................... 15 AUTONOMOUS VEHICLES AND CONNECTIVITY .................................................................. 16
M O B I L I T Y I N V I E T N A M P a s s p o r t ii © E u r o m o n i t o r I n t e r n a t i o n a l Market background................................................................................................................. 16 Prospects................................................................................................................................ 16 Chart 22 Attitudes to Autonomous Vehicles in Vietnam 2024................................... 16 Chart 23 Road Injury Accidents 2018-2023 and Road Injuries by City 2023 ............ 17 Chart 24 Road Network by Country 2023 ................................................................. 18
M O B I L I T Y I N V I E T N A M P a s s p o r t 1 © E u r o m o n i t o r I n t e r n a t i o n a l MOBILITY IN VIETNAM In 2023, light vehicle sales in Vietnam declined due to the unpredictability of the economy and the unstable bank interest rates that affected consumers' purchasing power. The market is forecast to rebound and grow over 2024-2028. Electric vehicles grew robustly in 2023 as the local player VinFast offered many discounts and instalment pricing plans. Shared mobility is growing strongly in Vietnam as ride hailing is becoming more and more popular among Vietnamese consumers. HEADLINES ▪ Light vehicle sales are forecast to grow by 38.6% in real terms over 2023-2028 ▪ Electric car registrations are forecast to grow by 269% over 2023-2028 ▪ Shared mobility gross bookings are forecast to grow by 157% over 2023-2028 ▪ Car rentals is forecast to grow by 10.3% over 2023-2028 ▪ Major projects are ongoing in Hanoi and Ho Chi Minh City to develop the public transport infrastructure ▪ Autonomous vehicles are still at a nascent stage in Vietnam LIGHT VEHICLE SALES Market background In 2023, light vehicle sales in Vietnam declined by 18%. Experts say that since the middle of the year, the entire automotives industry was expected to decline because of the unpredictability of the economy, the real estate market's downturn and the unstable bank interest rates that affected consumers' purchasing power. To revive the market, the government allowed a 50% reduction in registration fees and delayed the submission of special tax for domestically produced and assembled cars from 1 July 2023, to 31 December 2023. The largest category in 2023 was SUVs and crossovers, which was also the only one to show growth. Many households reevaluated their spending plans and decided to buy a single car for the entire family in the wake of the pandemic and the unpredictable state of the economy. Large vehicles such as SUVs and crossovers are therefore the more sensible option. In 2023, the Mitsubishi Xpander broke through as the best-selling model in Vietnam. The brand offers crossover and MPV models, and it currently has the lowest price in the market for seven-seat cars. Despite this, the cars are practical for families, with large interior spaces and all the amenities needed for passengers, making them economical and suitable for daily use. Cars are still regarded as luxury items in Vietnam, where they are subject to a special tax of up to 130%, depending on the engine capacity. A few incentives are provided to encourage the sale of electric vehicles, such as lowered registration cost and special tax. Vietnam continues to be a two-wheeler society despite the growth in passenger cars and commercial vehicles; in 2023, motorcycles and mopeds made up 93.4% of all vehicles registered. The nation’s infrastructure, which includes numerous narrow lanes in all major cities and provinces, is largely held responsible for this. Since cars are not permitted on these narrow lanes, motorcycles are the most used vehicles in households. Every family member typically owns a different motorcycle or scooter.