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Vietnam’s car market set to overtake motorbikes after 2035, says World Bank

Vietnam is on track for a transportation shift, with car sales projected to overtake motorbikes after 2035. The World Bank expects the market to grow to 54 million cars by 2050, fueled by rising incomes and EV adoption.

World Bank raises VN’s growth forecast to 6.8 per cent

As export demand may decrease this year, Việt Nam should strengthen domestic business activities and services to drive economic growth, says Mariam Sherman, World Bank director for VN, Cambodia and Laos.