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Vietnam Bus Industry Research Report 2025-2034

Published Sep 03, 2025
Length 80 Pages
SKU # CRIC20369939

Description

Buses are essential vehicles for transporting large numbers of passengers and their belongings, and are widely used in public transportation, long-distance transport, tourist transfers, school bus services, and work commuting. Depending on their length and purpose, buses can be categorized as large, medium, and small, and can also be divided into various types, including public buses, long-distance coaches, tourist buses, school buses, and commuter buses.

The bus industry chain encompasses multiple links, from the supply of raw materials and parts to complete vehicle manufacturing, sales, and operational services. According to CRI analysis, the upstream sector primarily comprises the basic raw materials and core components for bus manufacturing. The midstream sector, the core of the bus industry chain, is primarily undertaken by vehicle manufacturers and encompasses product design, structural development, system integration, and final assembly. The downstream sector connects the market with end users, encompassing bus sales, financial leasing, operational management, and after-sales service.

Global bus market demand has maintained steady growth, driven primarily by accelerated urbanization, increased public transportation investment, and increased tourism. According to CRI analysis, the modernization of public transportation systems in an increasing number of countries is driving demand for urban buses and commuter coaches, particularly in developing countries and densely populated areas. With the global tourism industry recovering, demand for long-distance tourist buses and scenic area shuttles has gradually rebounded, becoming a key growth driver.

In recent years, demand for buses in Vietnam has continued to grow, primarily driven by increased road infrastructure development, rapid tourism growth, and accelerated urbanization. According to CRI analysis, Vietnam's large population creates a significant demand for commercial buses in both metropolitan areas and rural areas with limited infrastructure. Furthermore, Vietnam's rapidly developing tourism industry, attracting millions of tourists annually, has fueled demand for buses. Public data indicates that Vietnam's tourism industry will welcome over 17.5 million international tourists in 2024, a year-on-year increase of approximately 39.5%.

Vietnam's bus production primarily relies on domestic manufacturing with some imported assembly. THACO (Trường Hải Auto Corporation) is a key manufacturer, having long held a significant position in the Vietnamese bus market. Its product range encompasses a full range of models, from small commuter vehicles to large city buses and tourist coaches. Compared to countries like China and Japan, Vietnam still relies heavily on imports for both complete buses and core powertrain components, lacking a comprehensive local parts supply chain.

With the recovery of Vietnam's tourism industry, the continued growth of the passenger transport industry, and the gradual replacement of fuel buses with electric buses, CRI predicts that Vietnam's bus sales will reach 25,900 units by 2034, with a compound annual growth rate (CAGR) of 13.2% from 2025 to 2034.

CRI recommends that global bus manufacturers, dealers, auto parts manufacturers, and investors promptly research the Vietnamese market and prepare for expansion into the country's bus market. CRI's offices in Shanghai, China, and Hanoi, Vietnam, will assist foreign companies in entering the Vietnamese bus market.

 

Topics covered:

  • Overview of the Bus Industry in Vietnam
  • The Economic and Policy Environment of Bus Industry in Vietnam
  • The Market Size of Bus Industry in Vietnam (2025-2034)
  • Analysis of Major Bus Industry Manufacturers in Vietnam
  • Main Driving Forces and Market Opportunities of Bus Industry in Vietnam
  • What are the main driving forces, challenges and opportunities of Bus industry in Vietnam during the forecast period of 2025-2034?
  • Which companies are the main players in Vietnam's Bus industry market and what are their competitive advantages?
  • What is the expected revenue of Vietnam's Bus industry market during the forecast period of 2025-2034?
  • Which part of Vietnam's Bus industry market is expected to dominate the market in 2034?
  • What are the main disadvantages facing Vietnam's Bus industry?
  • How can foreign capital enter Vietnam's Bus industry?

Table of Contents

80 Pages
1 Overview of Vietnam
1.1 Geography of Vietnam
1.2 Demographics of Vietnam
1.3 Economic Condition of Vietnam
1.4 Minimum Wages Standard in Vietnam
2 Overview of Bus Industry
2.1 Definition and Classification of the Bus Industry
2.1.1 Definition of the Bus Industry
2.1.2 Classification of Bus
2.2 Bus Industry Chain in Vietnam
2.2.1 Upstream: Raw Materials and Key Components
2.2.2 Midstream: Manufacturing and Processing
2.2.3 Downstream: Application Areas
2.3 The Policy Environment of Bus Industry in Vietnam
2.4 CRI's Recommendations for Foreign Companies Investing in Vietnam's Bus Industry
3 Supply and Demand of Bus Industry in Vietnam
3.1 Supply Analysis
3.1.1 Supply Situation of Bus in Vietnam
3.1.2 Production of Bus in Vietnam
3.1.3 Factors Affecting Bus Production in Vietnam
3.2 Demand Analysis
3.2.1 Total Passenger Volume
3.2.2 Number of Tourists
3.2.3 Public Transportation Demand
4 Import and Export of Bus Industry in Vietnam
4.1 Import Situation of Vietnam’s Bus Industry
4.1.1 Import Volume of Bus in Vietnam
4.1.2 Main Import Sources of Vietnam’s Bus
4.2 Export Situation of Vietnam’s Bus Industry
4.2.1 Export Volume of Bus in Vietnam
4.2.2 Export Destinations of Vietnam’s Bus
5 aNALYSIS REVENUe AND COST OF BUS INDUSTRY IN VIETNAM
5.1 Analysis Revenue of Bus Industry in Vietnam
5.1.1 Total Revenue of Bus Industry in Vietnam
5.1.2 Vietnam’s Bus Ticket Price
5.2 Analysis Cost of Bus Industry in Vietnam
6 Market Competition of Bus Industry in Vietnam
6.1 Entry Barriers to Vietnam’s Bus Industry
6.1.1 Brand Barriers
6.1.2 Quality Barriers
6.1.3 Capital Investment Barriers
6.2 Competition Structure in Vietnam’s Bus Industry
6.2.1 Bargaining Power of Suppliers
6.2.2 Bargaining Power of Consumers
6.2.3 Competition in Vietnam’s Bus Industry
6.2.4 Potential of New Entrants
6.2.5 Threat of Substitutes
7. Analysis of Main Companies of Vietnam’s Bus
7.1 Hoang Long Bus
7.1.1 Development History
7.1.2 Main Business
7.1.3 Operation Model
7.2 Sinh Cafe Bus
7.2.1 Development History
7.2.2 Main Business
7.2.3 Operation Model
7.3 Phuong Trang FUTA Bus
7.3.1 Development History
7.3.2 Main Business
7.3.3 Operation Model
7.4 Mai Linh Bus
7.4.1 Development History
7.4.2 Main Business
7.4.3 Operation Model
7.5 VinBus
7.5.1 Development History
7.5.2 Main Business
7.5.3 Operation Model
8. Outlook of Bus Industry in Vietnam 2025-2034
8.1 Analysis of Development Factors of Vietnam’s Bus Industry
8.1.1 Driving Force and Development Opportunities of Vietnam’s Bus Industry
8.1.2 Threats and Challenges Faced by Vietnam’s Bus Industry
8.2 Supply Forecast of Bus Industry in Vietnam
8.3 Demand Forecast of Bus Market in Vietnam
8.4 Import and Export Forecast of Bus Industry in Vietnam
Disclaimer
Service Guarantees
LIST OF CHARTS
Chart 2018-2024 Vietnam’s Total Population
Chart 2018-2020 Per Capacity CDP in Vietnam
Chart 2020-2024 Bus Industry Policies Released by the Vietnamese Government
Chart 2020-2024 Bus Production in Vietnam
Chart 2020-2024 Bus Sales in Vietnam
Chart 2020-2024 Number of Tourists in Vietnam
Chart 2020-2024 Total Bus Revenue in Vietnam
Chart 2020-2024 Bus Ticket Prices in Vietnam
Chart Vietnam’s Number of Electric Buses in 2024
Chart Vietnam’s Regions of Electric Bus Deployment in 2024
Chart 2020-2024 Bus Import Volume and Value in Vietnam
Chart 2020-2024 Bus Export Volume and Value in Vietnam
Chart 2020-2024 Cost Analysis of the Bus Industry in Vietnam
Chart Production Forecast of Bus in Vietnam (2025-2034)
Chart Market Size Forecast of Bus in Vietnam (2025-2034)
Chart Bus Sales Forecast in Vietnam (2025-2034)
Chart Import and Export Forecast of Bus in Vietnam (2025-2034)
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