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Motorcycle output down sharply in Vinh Phuc

Jan 12th at 15:24
12-01-2016 15:24:52+07:00

Motorcycle output down sharply in Vinh Phuc

Production of motorcycles, which is a key industrial product of the northern province of Vinh Phuc, decreased sharply in 2015 after several years of strong growth.

According to the provincial Planning and Investment Department, in 2015, Honda Viet Nam and Piaggio Viet Nam factories in Vinh Province produced 1.91 million motorcycles, a decrease of 15 per cent compared to last year, of which Honda Viet Nam manufactured 1.795 million units, a year-on-year decrease of 16 per cent.

Experts were concerned that the decline would have a negative impact on the provincial budget which is sustained mainly by the motorcycle sector.

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