Honda and Toyota are now dominate the market motorcycles and cars in Vietnam and they were together with the state-owned enterprises formed the joint venture assembly and distribution of automobiles. However, the specific data on business activity of the joint venture are not usually made public.
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In recent years, despite Vietnam's motorcycle market showed signs of saturation but Honda still ongoing impressive growth. Honda's 2015 revenue of nearly 7,000 billion compared with 2014 to about 68,000 billion.
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The data includes the array of cars and motorcycles. Last year, Honda Vietnam consumed 2.1 million motorcycles, up 6% over the previous year and accounting for 70% market share of Vietnam motorcycle. Meanwhile, Honda's automotive segment grew by 28% to 8057 vehicles, and accounted for 4.7% market share in Vietnam.
According to some analysts, with sales of 8,000 automobiles, revenue from cell Honda Cars of only about 4-5 trillion, or only a very small proportion of the total revenue of this business. The revenue increase came mainly from traditional business segments are motorcycle.
Revenue surged Honda also achieved a pretax profit of 12,000 billion in 2015, corresponding to 18% profit margin
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