Commercial buses are an important means of transportation for carrying large numbers of passengers and their belongings, and are a type of commercial vehicle that operates within and between cities. With its large population and vast area, Vietnam has a high demand for commercial buses in metropolitan areas or in rural areas with poor infrastructure.

Vietnam has a well-developed tourism industry that attracts millions of tourists every year to visit the country. Bus travel is a popular and affordable way to see Vietnam, and with buses connecting most of the major towns and cities, it is very convenient for tourists and the demand for road passenger transportation is growing. With the economic development of the region, increased investment in infrastructure development, and the gradual improvement of highway conditions, Vietnam’s bus industry has great potential for future development.

In 2022, Vietnam received only 3.6 million tourists, about 18% of the 19 million tourists before the Covid-19 pandemic. As the economy recovers and tourism gradually recovers, CRI expects Vietnam’s visitor arrivals to grow rapidly in 2023.

From 2018 to 2022, Vietnam’s bus sales volume shows a general trend of first decline and then increase, with a CAGR of -22.19% from 2018 to 2022, and a 70.05% year-on-year decrease in sales in 2020, which is the largest five-year decline in the past.In 2022, Vietnam’s bus sales volume for the whole year was 3,830 units, an increase of 87.75% year-on-year.

In December 2021, Vietnam’s first electric bus was officially put into service in the city of Hanoi, which will invest about VND21 trillion ($887.27 million at the current exchange rate) over the next few years in replacing all gasoline- and diesel-powered buses with electric alternatives, according to an analysis by CRI. Vietnam’s vinbus, a manufacturer of electric buses, said the number of buses replaced by electric buses in Hanoi will reach 225 by 2025, accounting for 21.3 percent of the total.

Under the Government Action Plan for Green Energy Transition and Reduction of Carbon and Methane Emissions, the Vietnamese government aims to have 100 percent of new public transit buses powered by electricity or green energy from 2025; at least half of all vehicles and all new cabs will be powered by electricity or green energy from 2030; and 100 percent of all buses and cabs will be powered by electricity or green energy by 2050.

With the recovery of Vietnam’s tourism industry, the continued growth of the passenger transportation sector, and the gradual replacement of fuel buses by electric buses, CRI expects Vietnam’s bus sales to reach 25,900 units by 2032, growing at a compound annual growth rate (CAGR) of 13.2% over the 2023-2032 period.

CRI suggests that for foreign-funded bus brands, they can initially enter the Vietnamese market through whole-vehicle export, or CKD, and if they get better results in the Vietnamese market, they can consider setting up their own factories in Vietnam, or looking for local partners to set up joint-venture factories in Vietnam.

Topics covered:

• Overview of the bus industry in Vietnam
• Economic and policy environment of the bus industry in Vietnam
• What is the impact of COVID-19 on the bus industry in Vietnam?
• Vietnam Bus Industry Market Size, 2023-2032
• Analysis of Major Vietnamese Bus Industry Manufacturers
• Key Drivers and Market Opportunities in Vietnam Bus Industry
• What are the key drivers, challenges and opportunities for the bus industry in Vietnam during the forecast period 2023-2032?
• Which are the key players in the Vietnam Bus Industry market and what are their competitive advantages?
• What is the expected revenue of Vietnam Bus Industry market during the forecast period of 2023-2032?
• What strategies have been adopted by the key players in the market to increase their market share in the industry?
• Which segment of the Vietnam Bus Industry market is expected to dominate the market by 2032?
• What are the major unfavorable factors facing the bus industry in Vietnam?

Table of Contents

1. Overview of Vietnam

1.1 Geographical Situation

1.2 Demographic Structure of Vietnam

1.3 Economic Situation in Vietnam

1.4 Minimum Wage in Vietnam, 2013-2022

1.5 Impact of COVID-19 on the Bus Industry in Vietnam

2. Overview of the Bus Industry in Vietnam

2.1 History of Bus Development in Vietnam

2.2 FDI in Vietnam’s Bus Industry

2.3 Policy Environment of Vietnam’s Bus Industry

3. Supply and Demand Situation of the Bus Industry in Vietnam

3.1 Supply Situation of the Bus Industry in Vietnam

3.2 Demand Situation in Vietnam’s Bus Industry

3.2.1 Total Passenger Traffic

3.2.2 Number of Visitors

3.2.3 Public Transportation Needs

4. Import and Export Situation of Vietnam’s Bus Industry

4.1 Imports into the Vietnamese Bus Industry

4.2 Vietnam’s Bus Industry Exports

5. Revenue and Cost Analysis of Vietnam Bus Industry

5.1 Revenue Analysis of Vietnam Bus Industry

5.1.1 Total Revenue of the Bus Industry in Vietnam

5.1.2 Bus Fares in Vietnam

5.2 Cost Analysis of Vietnam Bus Industry

6. Market Competition in Vietnam Bus Industry

6.1 Entry Barriers for Vietnam Bus Industry

6.1.1 Brand Barriers

6.1.2 Quality Barriers

6.1.3 Capital Barriers

6.2 Competitive Structure of the Bus Industry in Vietnam

6.2.1 Bargaining Power of Suppliers of Passenger Cars

6.2.2 Consumer Bargaining Power

6.2.3 Competition in the Vietnamese Bus Industry

6.2.4 Potential Entrants in the Bus Industry

6.2.5 Alternatives to Buses

7. Analysis of Major Bus Companies in Vietnam

7.1 Hoang Long Bus

7.1.1 Hoang Long Bus Company Profile

7.1.2 Hoang Long Bus Operations

7.2 Sinh Cafe Bus

7.2.1 Sinh Cafe Bus Corporate Profile

7.2.2 Sinh Cafe Bus Operations

7.3 Phuong Trang FUTA Bus

7.3.1 Phuong Trang FUTA Bus Company Profile

7.3.2 Phuong Trang FUTA Bus Operation Status

7.4 Mai Linh Bus

7.4.1 Mai Linh Bus Company Profile

7.4.2 Mai Linh Bus Operations

7.5 VinBus

7.5.1 VinBus Corporate Profile

7.5.2 VinBus Operation Status

8. Vietnam Bus Industry Outlook, 2023-2032

8.1 Analysis of Factors for the Development of the Bus Industry in Vietnam

8.1.1 Driving Forces and Development Opportunities for the Bus Industry in Vietnam

8.1.2 Threats and Challenges Facing Vietnam’s Bus Industry

8.2 Vietnam Bus Industry Supply Forecast

8.3 Vietnam Bus Market Demand Forecasts

8.4 Import and Export Forecast for Vietnam Bus Industry

8.5 Vietnam Bus Industry Revenue Forecast

The post Vietnam Bus Industry Research Report 2023-2032 first appeared on CRI Report.

A bus is a type of commercial vehicle that is designed and technically characterized to carry a large number of passengers and their accompanying luggage. Southeast Asia has a well-developed tourism industry, which attracts hundreds of millions of tourists to Southeast Asia for fun and sightseeing every year, and the demand for road passenger transportation has grown. And with the economic development in Southeast Asia, infrastructure construction investment increases, the road condition gradually improved, Southeast Asia bus industry has great potential for future development.

Although the development of the bus industry in Southeast Asia varies from country to country, according to CRI’s analysis, the level of development of Southeast Asia’s auto manufacturing industry restricts Southeast Asian countries to basically rely on imports of buses, and there are no domestic bus production plants. Thailand, for example, stopped its local bus production in the 1980s and turned to importing lower-cost buses from overseas. But with the development of Thailand’s domestic auto manufacturing industry, the government encourages and supports the localization of vehicles, Thailand restarted its bus production program, and is expected to be in operation by the end of 2023.

Southeast Asia in this report includes 10 countries: Singapore, Thailand, Philippines, Malaysia, Indonesia, Vietnam, Myanmar, Brunei, Laos and Cambodia. With a total population of over 600 million by the end of 2021, Southeast Asia has an overall economic growth rate higher than the global average and is one of the key drivers of future global economic growth.

According to CRI’s analysis, the economic levels of the 10 Southeast Asian countries vary greatly, with Singapore being the only developed country with a per capita GDP of about US$73,000 in 2021. While Myanmar and Cambodia will have a GDP per capita of less than US$2,000 in 2021. The population and minimum wage levels of each country also vary greatly. Brunei, which has the smallest population, will have a total population of less than 500,000 people in 2021, while Indonesia, which has the largest population, will have a population of about 275 million people in 2021.

CRI expects the Southeast Asia bus industry to continue to grow from 2023-2032.

Topics covered:

• Southeast Asia Bus Industry Status and Major Sources in 2018-2022
• What is the Impact of COVID-19 on Southeast Asia Bus Industry?
• Which Companies are the Major Players in Southeast Asia Bus Industry Market and What are their Competitive Benchmarks?
• Key Drivers and Market Opportunities in Southeast Asia Bus Industry
• What are the Key Drivers, Challenges, and Opportunities for Southeast Asia Bus Industry during 2023-2032?
• What is the Expected Revenue of Southeast Asia Bus Industry during 2023-2032?
• What are the Strategies Adopted by the Key Players in the Market to Increase Their Market Share in the Industry?
• What are the Competitive Advantages of the Major Players in Southeast Asia Bus Industry Market?
• Which Segment of Southeast Asia Bus Industry is Expected to Dominate the Market in 2032?
• What are the Major Adverse Factors Facing Southeast Asia Bus Industry?

Table of Contents

1 Singapore Bus Industry Analysis

1.1 Singapore Bus Industry Development Environment

1.1.1 Geography

1.1.2 Population

1.1.3 Economy

1.1.4 Minimum Wage in Singapore

1.2 Singapore Bus Industry Operation Status 2023-2032

1.2.1 Production Status

1.2.2 Sales Status

1.2.3 Import and Export Status

1.3 Analysis of Major Bus Production and Trading Companies in Singapore

2 Analysis of the Bus Industry in Thailand

2.1 Development Environment of Thailand Bus Industry

2.1.1 Geography

2.1.2 Population

2.1.3 Economy

2.1.4 Thailand Minimum Wage

2.2 Thailand Bus Industry Operation Status 2023-2032

2.2.1 Production Status

2.2.2 Sales Status

2.2.3 Import and Export Status

2.3 Analysis of Major Bus Production and Trading Companies in Thailand

3 Analysis of the Philippine Bus Industry

3.1 Philippine Bus Industry Development Environment

3.1.1 Geography

3.1.2 Population

3.1.3 Economy

3.1.4 Minimum Wage in the Philippines

3.2 Philippine Bus Industry Operation Status 2023-2032

3.2.1 Production Status

3.2.2 Sales Status

3.2.3 Import and Export Status

3.3 Analysis of Major Bus Production and Trading Companies in the Philippines

4 Malaysia Bus Industry Analysis

4.1 Malaysia Bus Industry Development Environment

4.1.1 Geography

4.1.2 Population

4.1.3 Economy

4.1.4 Minimum Wage in Malaysia

4.2 Malaysia Bus Industry Operation Status 2023-2032

4.2.1 Production Status

4.2.2 Sales Status

4.2.3 Import and Export Status

4.3 Malaysia Major Bus Production and Trading Companies Analysis

5 Indonesia Bus Industry Analysis 

5.1 Indonesia Bus Industry Development Environment

5.1.1 Geography

5.1.2 Population

5.1.3 Economy

5.1.4 Minimum Wage in Indonesia

5.2 Indonesia Bus Industry Operation Status 2023-2032

5.2.1 Production Status

5.2.2 Sales Status

5.2.3 Import and Export Status

5.3 Analysis of Major Bus Production and Trading Companies in Indonesia

6 Analysis of the Bus Industry in Vietnam

6.1 Development Environment of Vietnam Bus Industry

6.1.1 Geography

6.1.2 Population

6.1.3 Economy

6.1.4 Minimum Wage in Vietnam

6.2 Vietnam Bus Industry Operation in 2023-2032

6.2.1 Production Status

6.2.2 Sales Status

6.2.3 Import and Export Situation

6.3 Analysis of Major Bus Production and Trading Enterprises in Vietnam

7 Analysis of Myanmar Bus Industry

7.1 Development Environment of Myanmar Bus Industry

7.1.1 Geography

7.1.2 Population

7.1.3 Economy

7.1.4 Myanmar Minimum Wage

7.2 Myanmar Bus Industry Operation in 2023-2032

7.2.1 Production Status

7.2.2 Sales Status

7.2.3 Import and Export Situation

7.3 Analysis of Major Bus Production and Trading Companies in Myanmar

8 Analysis of Brunei Bus Industry

8.1 Brunei Bus Industry Development Environment

8.1.1 Geography

8.1.2 Population

8.1.3 Economy

8.1.4 Brunei Minimum Wage

8.2 Brunei Bus Industry Operation Status 2023-2032

8.2.1 Production Status

8.2.2 Sales Status

8.2.3 Import and Export Status

8.3 Brunei Major Bus Production and Trading Companies Analysis

9 Analysis of the Lao Bus Industry

9.1 Development Environment of Lao Bus Industry

9.1.1 Geography

9.1.2 Population

9.1.3 Economy

9.1.4 Minimum Wage in Laos

9.2 Laos Bus Industry Operation Status 2023-2032

9.2.1 Production Status

9.2.2 Sales Status

9.2.3 Import and Export Status

9.3 Laos Major Bus Production and Trading Companies Analysis

10 Analysis of the Bus Industry in Cambodia

10.1 Development Environment of Cambodia Bus Industry

10.1.1 Geography

10.1.2 Population

10.1.3 Economy

10.1.4 Minimum Wage in Cambodia

10.2 Cambodia Bus Industry Operation Status in 2023-2032

10.2.1 Production Status

10.2.2 Sales Status

10.2.3 Import and Export Situation

10.3 Analysis of Major Bus Production and Trading Companies in Cambodia

11 Southeast Asia Bus Industry Outlook 2023-2032

11.1 Southeast Asia Bus Industry Development Influencing Factors Analysis

11.1.1 Favorable Factors

11.1.2 Unfavorable Factors

11.2 Southeast Asia Bus Industry Production Status Analysis 2023-2032

11.3 Southeast Asia Bus Industry Sales Situation Analysis 2023-2032

11.4 Southeast Asia Bus Industry Import and Export Status Analysis 2023-2032

11.5 Impact of COVID -19 Epidemic on Bus Industry

The post Research Report on Southeast Asia Bus Industry 2023-2032 first appeared on CRI Report.