![Motorcycles are in short supply, prices are `dizzying`: The Ministry of Industry and Trade clearly indicates the reason 2 Motorcycles are in short supply, prices are `dizzying`: The Ministry of Industry and Trade clearly indicates the reason 2](https://sieuthiyte247.com.vn/wp-content/uploads/2024/05/sieuthiyte247.com_.vn-motorcycles-are-in-short-supply-prices-are-dizzyin-1.jpg)
Motorcycles are in short supply, prices are `dizzying`: The Ministry of Industry and Trade clearly indicates the reason 2
According to the Department of Industry, motorbikes are in short supply and the price increase is due to a lack of chips.
According to records, for many months now, domestic motorbike prices have been continuously pushed up.
Currently, many people who want to buy have to place an order and suffer a huge price difference.
Many Honda car models have increased their prices so much that there are no cars even for sale.
Car manufacturers are all `looking` at chips
Talking to Traffic Newspaper, a representative of the Department of Industry (Ministry of Industry and Trade) said that currently the main cause of shortages and increased prices of vehicles in general and motorbikes in particular is due to the lack of chip supply.
According to this person, currently Vietnam cannot produce chips, but are mainly imported from China, Korea, Japan…
China implements the `Zero Covid` policy, so many factories have to produce moderately, even close, a development that the representative said has greatly affected the chip supply of the entire industry.
This person gives an example: Thaco or Thanh Cong Automobile Company, although the car has completed the equipment assembly stage, but only lacks a chip that the companies cannot deliver the car to customers.
When will Vietnam produce chips?
In the near future, does Vietnam have plans to attract or invest in chip factories? According to the representative: `Currently Intel is working with the Ministry of Planning and Investment to open a chip assembly factory.
As for chip production to serve the automobile and motorbike industry, not yet, because there are certain characteristics.`
Therefore, the scarcity of motorbikes due to chip shortage will still depend on China’s production developments.
The fastest solution is for China to change its `Zero Covid` policy, this person predicted, `it will have to wait until after the country’s party congress, then maybe there may be a different strategy`.
![Motorcycles are in short supply, prices are `dizzying`: The Ministry of Industry and Trade clearly indicates the reason 3 Motorcycles are in short supply, prices are `dizzying`: The Ministry of Industry and Trade clearly indicates the reason](https://sieuthiyte247.com.vn/wp-content/uploads/2024/05/sieuthiyte247.com_.vn-motorcycles-are-in-short-supply-prices-are-dizzyin-2.jpg)
This is a stable car line with a `fever` price in recent months.
How is Vietnam supporting the motorbike industry?
Talking about the current situation of the motorbike industry in Vietnam, the representative of the Department of Industry said that up to 80-90% are FDI enterprises.
`The market and purchasing power are large, so motorbike manufacturers such as Honda and Yamaha all assemble themselves and attract their supplier system from abroad to Vietnam,` he said, adding that he is also currently
How does Vietnam support the motorbike industry? According to the representative, in the policy, supporting industries are prioritized for development (according to Decree 111), including 6 industry groups: Textiles, footwear, electronics
That is, there is no separate policy for the motorbike industry, but the Ministry of Industry and Trade will research, propose, and promulgate a general policy for the mechanical manufacturing industry, including parts related to the motorbike industry…
The representative expressed that currently, direct support for the motorbike industry is being provided from a training perspective.
`The Ministry of Industry and Trade is coordinating with a number of large enterprises such as Samsung, Honda, Toyota to organize training, improve production, management processes, quality management of production processes…If there are enterprises
However, this person also emphasized: `The process is still long, because the requirements of the automobile industry are much higher than those of motorbikes.`