Global Reputation and Good Execution
1
Robust Growth Expected for Both Cars and Electric Motorcycles
Significantly Low Car Penetration
2019 car ownership per 1,000 people
...Leading To Substantial Growth In The Passenger Car Market
Vietnamese car market projection ('000 units/year)
4.6x
2.3x
1.4x
Vietnam
Philippines
13.0x
15.3x
380
361
USA
Malaysia
Thailand
Indonesia
Number of times the car ownership in Vietnam
Fourth Largest Motorcycle Market Globally With Low Penetration
of e-motorcycles
CAGR 2014-19 (%)
30
Motorcycle market size (volume, 2019)
20
Myanmar
Vietnam
Philippines
10
0
0
5
Thailand
India
10
Taiwan
South Korea
Malaysia.
Indonesia
15
2019A-2023E CAGR: 13.6%
601
520
446
2019A
2020E
2021E
2022E
2023E
Electric Motorcycles Expected To Gain Market Share
Vietnamese motorcycles market ('000 units/year)
3%
2019A-2030F CAGR:
33.3%
ICE
60%
E-Motorcycle
% E-Motorcycle
market share
2,365
100
(6.4%)
2019A-2030F CAGR:
3,270
1,577
E-motorcycles 2019
market share (%)
2019
20
25
Source: EIU, Vietnam Census, BCG population and wealth models, IHS Markit Automotive 2019, Freedonia 2019, BCG Research & Analysis.
2030F
12View entire presentation