Scooter market turns active ahead of Tet

Posted on 08 February 2010

Many motorcycle dealers in HCMC have received increasing orders for scooters although the Lunar New Year holiday, or Tet, has more than a week to go. Demand for scooters has grown strongly ahead of Tet, motorcycle traders said. It is noticeable that motorcycle dealerships in the city had posted up signs that read “No more for sale” or “Available but higher prices”.

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Scooter market turns active ahead of Tet

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Vietnam Fast Facts:

  • GDP (2008): $84.98 billion.
  • Real growth rate: 6.23% (2008)
  • Inflation rate (January 2009): 17.48% year-on-year.
  • External debt (2008): 29.8% of GDP, $21.8 billion.
  • Population: 85.79 million
  • Services: 38.10% of GDP, 2008
  • Exports: $62.9 billion
  • Imports: $80.4 billion
  • Goldman Sachs paper: Vietnam: The Next Asian Tiger in the Making