Investment and Technology Issues for the Automotive Supporting Industry in Vietnam
- Author Dao Nam Cao
- Co-Author Van Trung Tran, Danh Chan Nguyen
- DOI
- Country : Vietnam
- Subject : Transport
Keywords : Automobile industry, industrialization and modernization, supporting industries
Abstract
Currently, the automobile industry of Vietnam has continued to develop, contributing to the industrialization and modernization of the country. According to the assessment, the country has over 400 enterprises involved in automobile production with Medium and small scale, with a total designed capacity of about 460,000 vehicles per year, including most types of cars, trucks and coaches. The automotive industry has produced products of international standards. The domestic market has more automobile products, with increasingly diverse models serving the needs of the people. Vietnam has about 200 companies producing parts and accessories for automobiles, but only half of them are really efficient for manufacturing and assembling automobiles. Moreover, the majority of automotive components manufactured domestically come in the form of simple, low value technology, mainly used for trucks and coaches. Therefore, to develop the automotive industry, investment in supporting industries will be indispensable.
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