Vietnamese Rush to Buy Electric Bikes after Gasoline Price Hikes

Demand for electric bikes is increasing sharply as locals are rushing to buy after the government of Vietnam hiked 31 per cent of gasoline price to VND19,000, the biggest rise so far, Vietnamese state newspaper said Wednesday.

 

&ldquoGasoline prices are raised, therefore, I have to buy electric bicycles for my family members to ride in the city,&rdquo Mrs Nguyen Thu Ha, a resident in Ho Chi Minh City&rsquos Binh Thanh district said.

 

Many bike shops in Ho Chi Minh City witnessed their strong sales over the past days. Ms Ho Thi Thu Suong, a saleswoman of a Martin-labeled 107 bike shop, also said an increasing number of customs hurried to buy bikes, and her shop has sold 15-20 units a day.

 

&ldquoThe demand for electric bikes will likely rise 10 per cent in coming days,&rdquo Ms Huong fore.

 

Prices of electric bikes range VND3.5 million to VND7.5 million a unit and most electric bikes on sale at the domestic market are imported from China, Taiwan, Japan&hellipwith labels of Delta, E-Bike, Viha, E-Go, Bluewing, Emperor, Robo, Plasma, Asama, Emoto, Hitasa, and Songtian.

 

Currently, there have been no official figures of electric bikes in Vietnam. (HCMC Law, Tin Tuc Online)