Vietnam Removes Output Limit for Foreign-invested Motorbike Makers

Vietnam Removes Output Limit for Foreign-invested Motorbike Makers

The Vietnamese government has agreed to remove economic and technical facts-based production output for foreign-invested motorbike manufacturing enterprises operating in the country.

The Ministry of Planning and Investment granted the removal, according to the government office. However, the office did not detail the purpose for the move.

According to previous economic and technical facts submitted by foreign-invested companies, VMEP was allowed to make 540,000 motorcycles per annum, Honda Vietnam 450,000 units, Yamaha Vietnam 180,000 units, Suzuki Vietnam 100,000 units, VinaSiam 100,000 units and Lifan 50,000 units.

In 2004, the total seven foreign-invested motorbike makers in Vietnam turned out nearly 1.2 million units, up 29 per cent on year, according to government statistics.

Investment