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▲Taiwanese bicycle industry players in Vietnam often meet for meals and exchanges.
Back in 1996, Strongman was Two Major Setbacks cycles and e-bikes exported from
the first Taiwanese bicycle Vietnam to the EU will drop from
assembly factory to invest and However, the good times the current 6% to zero, making
set up a plant in Vietnam. Kenda did not last. In 2004, the Europe- Vietnam the first choice for Tai-
Tire followed in 1998, establish- an Union launched an anti-dump- wanese companies to diversify
ing a plant in Dong Nai Prov- ing investigation on bicycles from their risks outside China. By Oc-
ince. In 2000, MT Racing (now Vietnam and, in 2005, imposed a tober 2024, more than 60 Taiwan-
defunct) and Asama entered 34.5% anti-dumping duty on im- ese bicycle-related companies had
South Vietnam. At that time, ported bicycles (for Zhuangmeng, set up factories in Vietnam, mak-
Asama integrated more than a 15.58%), causing Vietnam’s ad- ing it the largest overseas produc-
dozen parts manufacturers into vantages to disappear - forcing tion hub outside of China. Among
a team and set up a plant in the many manufacturers to exit. As- them, the most manufacturers are
Shenlang Industrial Park in Binh sembly factories such as Asama, located in the Baocui Industrial
Duong Province. Later, a group J&D, and Strongman shifted to Zone in Binh Duong Province.
of Taiwanese bicycle manufac- Cambodia. It wasn’t until 2011 Despite skyrocketing land costs
turers, led by KMC, also invest- that the EU lifted the anti-dump- and many industrial zones being
ed in the Amata Industrial Park ing duties, allowing a resurgence sold out, Taiwanese bicycle com-
in Dong Nai Province. In 2000, in Vietnam. In 2014, the 513 panies continue to visit and assess
Vietnam became the hottest des- anti-China riots caused extensive the possibility of setting up facto-
tination for Taiwanese bicycle damage to many Taiwanese facto- ries in Vietnam. Chinese bicycle
manufacturers who did not want ries, but despite the heavy losses, manufacturers are also following
to set up factories in China or many Taiwanese businesses re- suit. Although only a few Chinese
wished to expand into the vast mained committed to their roots companies, such as Fuji-ta, Meri-
Southeast Asian market. in Vietnam. da, Ningbo Taimao, Giant, Yadea,
Jinhua Zhuoyuan, Sunway, and
China+1 Julong, have factories in Vietnam,
reports suggest that over 200
In recent years, with Chinese bicycle companies have
the escalation of the US- actively visited Vietnam for in-
China trade war, Vietnam spections this year. It is expected
has become the biggest that more Chinese manufacturers
beneficiary. Starting in will set up factories in Vietnam in
2025, the tariffs on bi- the near future.
▲Ho Chi Minh City, with a population of over 10 million, 2025 Bike & E-Bike Market Update 27
is filled with motorcycles weaving through the chaotic and
congested traffic.
