China trucks occupy the highest market share in Vietnam

www.chinatrucks.com: It is reported that a transportation company executive in Vietnam Hanoi complained that although his company has been looking for heavy trucks in last two months, they still can not get satisfactory heavy-duty truck. Because there are not many available options on the market, or choose South Korean trucks, or choose Chinese trucks.   

 

With the market demand rising, the price of China trucks is inflation in Vietnam. Since the Vietnam Ministry of Transport strengthened the control of road loading vehicles, the Vietnamese market demand for China trucks started to increase. According to the statistics that Vietnam GDC, only in 2014, Vietnam imported 13805 complete trucks, most of them are China trucks which worth around $538,000,000. In 2014, Vietnam imported three times trucks compared that in 2013. China has become Vietnam's largest supplier of trucks. Chinese trucks import amount occupies 34% of Vietnam's total import amount, import quantity is accounted for 20% of Vietnam's import vehicles.

Now, Chinese truck parts are more likely to buy from Vietnam. However, China trucks also have their own advantages just like more save fuel, that can help the Vietnamese truck driver to save a lot of fuel cost. In contrast, Vietnam's domestic truck makers know more about Vietnam market, also want to produce cheap and good quality trucks to meet the Vietnamese truck transportation company demands. But the market competition is very fierce, they still unable to compared with Chinese trucks.

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