A matter relating to steel production for Vietnamese automobile industry
- Author Thi Minh Hao Dong
- Co-Author Manh Hung Nguyen
- Country : Vietnam
- Subject : Transport
By 2019, the localization rate for the automotive industry will only reach an average of 7-10% while the goal set out in the Strategy and Planning for the development of Vietnam's automobile industry until 2010, with a vision to 2020 that the localization rate for the automotive industry will reach 40% by 2005, 60% by 2010. To develop this industry and raise the localization rate for the automotive industry, many ideas it is thought that there should be a policy to promote the automobile market and enhance the capacity of supporting industry enterprises to meet the requirements of global production chains. At present, there are about 300 automobile supporting enterprises in the whole country, but 80% are foreign enterprises, the rest are from Vietnam but most of them are small-scale, difficult to access capital. , it is difficult to invest in technology and the linkage between these enterprises is still weak. An automobile has about 30,000 components, but Vietnamese enterprises can produce no more than a dozen types.