The Vietnamese Automobile Market As 0% of the Car Import Tax In 2018
- Author Van Trung Tran
- Co-Author Dao Nam Cao
- DOI
- Country : Vietnam
- Subject : Transport
Keywords : Vietnamese companies, car assembly, automobile industry
Abstract
The car industry in Vietnam has a competitive advantage over other countries in the region. This has been clearly demonstrated through the localization rate and the number of Vietnamese companies involved in the car assembly process. The inadequate supporting industry development strategy has pushed the investors in the field to other countries. In particular, Hyundai has shifted its focus to developing the plant in Malaysia instead of Vietnam as originally stated. The world's largest automaker, Toyota, is considering focusing its production and assembly in Thailand and then exporting its units to other countries. In retrospect, major manufacturers have at least one assembly plant in countries such as Malaysia, Thailand or Indonesia, for which there is a strong automotive industry.
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