Honda acquires massive profit in Vietnam

February 20, 2019 | 10:29

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Japanese car giant Honda reports a new record in scooter sales volume in Vietnam, with the total sales of scooters expected to reach 2.5 million units in the 2019 fiscal year.

honda acquires massive profit in vietnam

Honda is confident in a very successful financial year

While there are two months left of the fiscal year (from April 1, 2018 to March 31, 2019), Honda reported total sales of scooters of 2.263 million units, up 9 per cent on-year.

In January alone, 262,992 Honda scooters were sold in Vietnam, signifying an increase of 2 per cent on-month and 3 per cent on-year. Besides, the company exported 12,836 units.

In the 2018 fiscal year (from April 1, 2017 to March 31, 2018), the company sold 2.38 million scooters, thus with the increase of 220,000 units per year, scooter sales this year are expected to reach a new record.

Besides, in the 2018 fiscal year, the total number of motorbikes sold by the five foreign-invested firms (Honda Vietnam, Yamaha Vietnam, Suzuki Vietnam, Piaggio Vietnam, and SYM) reached 3.28 million, including 2.38 million by Honda Vietnam, equaling 72.5 per cent of the total and exceeding the 69.3 per cent in the 2017 fiscal year.

Along with being the largest scooter seller in Vietnam, during the 2018 fiscal year Honda also sold a total of 12,867 cars in Vietnam, up 5.2 per cent on-year. City vehicles continued to be Honda’s best-sellers.

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