Honda doubles motorbike exports.

Honda Vietnam says its motorcycle exports to nearby countries from January to May are nearly double the number in the year earlier period. Most notably, the company has shipped more than 36,000 Wave Alphas to Laos and the Philippines, or 20,000 more than in the same period of 2004, making more than US$19 million in the process.
In addition, it has exported more than US$1 million worth of motorcycle parts to Malaysia and Indonesia.
Efforts to boost shipments overseas are continuing, Honda says.
Last week the Vinh Phuc based manufacturer received a prime ministerial commendation for paying US$184 million in tax from 2002 to 2004, making it the leading taxpayer in the northern province.
Its tax payments in this year’s first five-months exceedUS$38million, again more than any other in Vinh Phuc.
This year Vietnam looks likely to export 80,000–100,000 motorcycles, according to a recent meeting to discuss a strategy for the country’s motorcycle industry.
The Research Institute for Industrial Strategies says Vietnam has many advantages when it comes to exporting motorbikes and parts to the region, especially the Philippines, and to Africa.
It estimates Vietnam’s motorbike exports will increase to 500,000 units by 2010.
Last year the country’s 52 motorcycle producers made almost US$40 million from exporting motorbikes and parts.
They now employ some 25,000 people and create combined annual value above 18 trillion dong.

 

Category: Business