The company has just inked a distribution deal with Euro Ebike Company to distribute, stock and market Vmoto and E-Max products in Vietnam. 

Vmoto says the Vietnam motorbike market is the fourth largest in the world after China, India and Indonesia. 

Vmoto has also advised it is currently developing a new model of electric two wheel vehicle with a structure that can be folded in 30 seconds which is be named Vmoto 1. 

Vmoto reported a net profit of $404,000 in the full 2013 calendar year.