Vehicle market

According to data from the Ministry of Transport, 5.6 million vehicles and 72 million motorcycles were registered in Viet Nam at the end of 2023. However, sales of motor vehicles have been slowing down since 2020. A breakdown of vehicle and/or fuel specific data is not available.

In July 2017, Hanoi’s municipal government announced plans to ban motorcycles in the city by 2030, to ease environmental and traffic congestion problems. To entice the switch from motorcycles, the government also plans to increase the role of public transport. The central government’s master plan for 2030-2050, approved by Government Decision No. 1259/QD-TTg, issued on July 26, 2011, includes plans to build nine bus rapid transit (BRT) lines and eight metro lines during this period. As of November 20