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Vietnam is a country with a population of up to 87 million. At present, there are 3 million 800 thousand motorcycles and 1 million 200 thousand cars in the country. It is expected that by 2030, the number of cars in the country is 3 million, and the market has a greater space to rise and develop. According to the CEPT organization of WTO, the rate of vehicle import tax was gradually reduced to 60% by 2013 and 0% by 2018. At present, Vietnam sells more than 100 thousand cars, and the annual sales volume of motorcycles is more than 300 thousand. Most of the foreign brands are assembled and sold in Vietnam, and the domestic manufacturers of auto parts and parts are also foreign investment. All the spare parts that can’t be produced at home depend on the import of foreign products, especially in China, it is still the Vietnam auto and motorcycle industry. The largest supplier of spare parts accounts for about 72% of Vietnam’s total imports.
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