In recent years, Vietnam has gradually become an important production base for the global bicycle industry with its mature manufacturing base, relatively low labor costs and the government's preferential policies for foreign investment. Especially in the field of mountain bike (MTB) manufacturing, Vietnam has not only attracted many international brands to set up factories, but also local brands are rising rapidly.
In 2025, Vietnam's bicycle manufacturing industry further consolidated its position in the global supply chain, while the local consumer market is also growing rapidly. This article will deeply analyze the "Top Ten Mountain Bike Manufacturers in Vietnam in 2025", covering international brand OEM factories, local enterprises and mixed capital companies, and interpret them from multiple dimensions such as "market positioning, product competitiveness, export performance and future trends".
SUPANDA
SUPANDA is a brand bicycle under Tianjin Panda Group, which is an intelligent bicycle factory integrating production and trade. At present, the market layout of Tianjin Panda Group is expanding. We have established offices in Russia and Vietnam. Our products are favored by more customers for "high quality and low price". In the future, Tianjin Panda Group will invest more funds and energy in intelligent riding, provide more people with intelligent riding experience, and make China manufacturing stronger.
1. Giant Manufacturing Vietnam
Vietnam production base of the global bicycle giant
Parent company: Giant Group of Taiwan
Factory location: Binh Duong Province
Main products: high-end mountain bikes, road bikes, electric bikes
Giant is one of the world's largest bicycle manufacturers. Its Vietnam factory mainly serves the global market and also supplies cost-effective models to Vietnam. In 2025, the production capacity of Giant's Vietnam factory will be further expanded to become one of the most important high-end bicycle production bases in Southeast Asia.
Market advantages:
OEM + independent brand parallel: In addition to producing Giant brand bicycles, it also OEMs for other international brands.
Technological leadership: using advanced aluminum alloy and carbon fiber frame manufacturing technology.
Best-selling models: Giant Talon (entry-level mountain bike), Anthem (competitive full suspension bike)
Future trends:
Add electric mountain bike (E-MTB) production lines to cater to the global electrification trend.
Expand the local high-end market in Vietnam and compete with Trek and Specialized.
2. United Bike Vietnam (Polygon parent company)
Indonesian brand's Vietnamese manufacturing base
Parent company: Indonesia United Bike Group
Factory location: Binh Duong Province
Main products: Polygon brand mountain bikes, OEM
United Bike Vietnam is the main production base of Polygon, a well-known bicycle brand in Southeast Asia. Its products are known for their high cost performance and are popular in Vietnam and overseas markets (such as Australia and Europe).
Market advantages:
The king of cost performance: Compared with Giant and Trek, Polygon's models with the same configuration are 10-20% cheaper.
Full range coverage: From entry-level (Xtrada) to professional level (Siskiu), there are layouts.
Strong export: Export volume will increase by 30% in 2025, mainly to Europe and the United States.
Future trends:
Strengthen carbon fiber frame technology and move towards the high-end market.
Develop more electric mountain bike models to seize the E-MTB market.
3. Vietbike (Vietnamese local brand)
Leader of independent mountain bikes in Vietnam
Headquarters: Hanoi & Ho Chi Minh City
Main products: mid- and low-end mountain bikes, urban commuter bikes
Vietbike is one of the most influential bicycle brands in Vietnam, focusing on the affordable market, suitable for cycling enthusiasts with limited budgets.
Market advantages:
Affordable price: Entry-level mountain bikes cost only 5-10 million VND (about 200-400 USD).
Localized service: There are more than 200 dealers nationwide, and maintenance and parts supply are convenient.
Best-selling models: Vietbike X9 (hardtail mountain bike), X10 (upgraded version)
Future trends:
Plan to cooperate with foreign parts suppliers to enhance product competitiveness.
Possible launch of electric mountain bikes to cater to the Vietnamese E-bike craze.
4. Maruishi Bikes Vietnam (Japanese Maruishi Bicycle Vietnam Factory)
Japanese quality, made in Vietnam
Parent company: Japan Maruishi Cycle
Factory location: Ho Chi Minh City
Main products: mid-range mountain bikes, city bikes
Maruishi is known for its durability and high cost-effectiveness in Vietnam. It mainly targets the local market and exports some to Southeast Asia.
Market advantages:
Japanese quality control: frame welding and painting processes are better than some local brands.
Best-selling models: Maruishi XC (off-road mountain bike), Trail (forest bike)
Future trends:
It may introduce higher-end models to compete with Giant and Polygon.
5. Trinx Vietnam (Taiwanese brand, made in Vietnam)
The leader of the affordable market
Parent company: Taiwan Trinx
Factory location: Binh Duong Province
Main products: entry-level mountain bikes
Trinx is positioned as the "cheapest reliable brand" in Vietnam and is very popular among students and commuters.
Market advantages:
Low price: The cheapest mountain bike is only 3 million VND (about 120 USD).
Wide channels: Leading sales on e-commerce platforms such as Shopee and Lazada.
Future trends:
It is possible to launch lighter models to enhance competitiveness.
6. Peugeot Cycles Vietnam (Peugeot of France, locally assembled)
Peugeot Cycles Vietnam is the localized branch of the French century-old bicycle brand Peugeot Cycles in Vietnam, focusing on the production and sales of high-quality bicycles.
Peugeot Cycles originated in 1882 and is the bicycle division of the French Peugeot SA. It has a history of over 140 years and is famous for its exquisite craftsmanship and classic design. In Vietnam, Peugeot Cycles operates through a Locally Assembled model, combining French design standards with local Vietnamese manufacturing to offer products at more competitive prices.
Model range: covers urban commuter bikes, road bikes, mountain bikes, folding bikes, etc., to adapt to Vietnam's diverse road conditions and riding needs.
Design and technology: Continuing the French lineage, focusing on frame geometry, lightweight (such as aluminum alloy/carbon fiber materials) and comfort, some models use core components imported from Europe (such as transmission systems).
Localized adjustments: Optimized for Vietnam's climate (high temperature, rainy) and road conditions (complex road surfaces), such as strengthening anti-rust treatment and wide tire design.
Assembly production: Set up an assembly plant in Vietnam, import some parts, and complete assembly locally to reduce costs while maintaining quality standards.
Pricing strategy: More affordable than pure imported European brands, the main models are priced at about 5 million to 20 million Vietnamese dong (about 200-800 US dollars), targeting the mid-to-high-end consumer market.
Competitors: Compete with international brands such as Trek and Giant and local Vietnamese brands (such as Martin and Nicola), but use "French design" as a differentiated selling point.
7. Asama Vietnam (Japanese brand, made in Vietnam)
Asama Vietnam is a bicycle brand produced and sold in Vietnam. It originated from Japan's Asama Cycle, but is mainly aimed at the Southeast Asian market, especially local Vietnamese consumers. The brand is characterized by high cost performance and localized production, providing bicycle products suitable for Vietnam's road conditions and consumption levels.
Origin in Japan: Asama Cycle is a well-known Japanese bicycle manufacturer, founded in 1948, mainly producing mountain bikes, road bikes, city bikes, etc.
Made in Vietnam: Asama has set up a factory in Vietnam, using Japanese technical standards, but parts and assembly are all completed in Vietnam to reduce costs and adapt to the local market.
Market positioning: Mainly targeting the mid-to-low-end market, with affordable prices, suitable for daily commuting, students and leisure riding.
City Bike: Suitable for Vietnamese streets, equipped with practical accessories such as mudguards and rear racks.
Mountain Bike (MTB): Entry-level to intermediate configuration, suitable for complex road conditions in Vietnam.
Road Bike: Lightweight design, but more economical, suitable for amateur cycling enthusiasts.
E-Bike: A new series launched in recent years to cater to the trend of electric bicycles in Vietnam.
Frame: Steel or aluminum alloy, durable but relatively heavy (high-end models may use lighter materials).
Speed system: Shimano Tourney or domestic transmissions (such as Sunrun) are mainly used to meet basic needs.
Tires: Adapt to Vietnamese road conditions, mountain bikes use puncture-resistant tires, and city bikes use comfort tires.
Brake system: V brakes or mechanical disc brakes (some mid-range models).
8. Martin Bikes (Vietnamese local brand)
Martin Bikes is a leading local bicycle brand in Vietnam. It was founded in 2004 and focuses on producing cost-effective bicycles, covering commuting, mountain, road, children's bicycles and other fields. The brand is known for its localized design, durability and affordable prices. It has a high market share in Vietnam and is especially popular among students and ordinary families.
Founded in 2004, it is one of the earliest bicycle brands in Vietnam.
Market positioning: mainly targeting the low-end market, affordable, suitable for mass consumption.
Production model: 100% made in Vietnam, some parts imported (such as the transmission system).
Brand goal: to provide "bicycles suitable for Vietnamese people" to adapt to local road conditions and consumption habits.
9. Nikko Bikes (Vietnamese brand)
Established: early 2000s (the exact year is not disclosed), slightly later than Martin and Asama Vietnam.
Market positioning: Focus on economical and practical bicycles, with prices 30% to 50% lower than international brands (such as Giant and Trek).
Production mode: 100% made in Vietnam, with some parts (such as transmissions and brakes) imported.
Brand concept: Provide "durable bicycles suitable for daily riding in Vietnam".
Price range (VND)
City bike: 2,800,000–5,500,000 VND (≈110–220 USD)
Mountain bike (MTB): 4,500,000–9,000,000 VND (≈180–360 USD)
Road bike: 6,000,000–11,000,000 VND (≈240–440 USD)
Kids bike: 1,800,000–3,800,000 VND (≈70–150 USD)
✅ Advantages: Cheaper than Giant and Trek, slightly more expensive than Trinx and Martin, but similar in quality.
10. DK Bikes Vietnam (Taiwan OEM factory)
DK Bikes Vietnam is a bicycle brand originating from a Taiwanese OEM factory. It is well-known in the Vietnamese market for its cost-effective sports bicycles, focusing on mountain bikes (MTBs) and road bikes. Its positioning is between local cheap brands (such as Martin) and international brands (such as Giant).
Taiwanese origin: established by a Taiwanese bicycle OEM factory, using Taiwanese manufacturing standards, but exclusively for the Vietnamese and Southeast Asian markets.
Production model: set up factories in Vietnam for assembly, core components (such as gearshifts, frames) come from Taiwan or China to reduce costs.
Market positioning:
Price range: 5,000,000–15,000,000 VND (≈200–600 USD)
Competitors: Trinx (China), Asama (Japanese OEM), Peugeot Cycles Vietnam assembly version.
Advantages: cheaper than Giant/Trek, but higher configuration than pure Vietnamese brands (Martin/Nikko).
DK Bikes Vietnam is a product of Taiwan supply chain + Vietnamese localization, suitable for users who want advanced cycling experience but have limited budget. If you are struggling between Martin and Giant, DK may be a compromise.
Future trends in Vietnam's bicycle manufacturing industry (2025-2030)
1. The rise of electric mountain bikes (E-MTBs): brands such as Giant and Polygon increase investment in electric models.
2. Upgrading of local brands: Vietbike and Maruishi may break through to the mid-to-high-end market.
3. Continued export growth: Vietnam will become one of the cores of the global bicycle supply chain.
4. Popularization of carbon fiber technology: More brands try carbon fiber frames to reduce costs and prices.
In 2025, Vietnam's bicycle manufacturing industry will present a dual-track development model of "foreign investment-led + local rise". International brands such as Giant and Polygon still occupy the high-end market, while local or affordable brands such as Vietbike and Trinx meet the needs of the masses. In the future, with the advancement of electrification and lightweight technology, Vietnam is expected to become one of the important innovation centers of the global bicycle industry.
In addition, Tianjin Panda Group's office in Vietnam has also been established. We are conducting large-scale product promotion in Vietnam, aiming to provide more cyclists with affordable and high-quality bicycle products. When mountain bike riding becomes a trend, more people will recognize the SUPANDA brand. The concept of the SUPANDA brand is "Let more people enjoy the joy of smart riding." Tianjin Panda Group currently has bicycle factories in Tianjin, China and Pingxiang County, Xingtai City, Hebei Province. The bicycle factory in Tianjin mainly produces mid-to-high-end mountain bikes, city bikes and electric bikes, while the factory in Pingxiang County, Xingtai City mainly produces children's bicycles and mid-to-low-end mountain bikes. The factories in the two places have their own division of labor to provide customers with different levels of bicycle products to meet the needs of more cycling enthusiasts. When you need a reliable bicycle manufacturer, Tianjin Panda Group is one of your best choices!
