PDF Google Drive Downloader v1.1


Báo lỗi sự cố

Nội dung text 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 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.

Tài liệu liên quan

x
Báo cáo lỗi download
Nội dung báo cáo



Chất lượng file Download bị lỗi:
Họ tên:
Email:
Bình luận
Trong quá trình tải gặp lỗi, sự cố,.. hoặc có thắc mắc gì vui lòng để lại bình luận dưới đây. Xin cảm ơn.