Vietnamese automobile industry: Current situation and the orientation in the near future
- Author Cong Tri Tran
- Co-Author Le Hung Duong
- DOI
- Country : Vietnam
- Subject : Transport
Keywords : automobile industry, FDI enterprises, domestic demand
Abstract
2018 is considered a very important milestone of the Vietnamese automobile industry when the import tax of complete cars in the region is 0%. Concerns about the shortness of domestic assembly products when competing with imported CBU vehicles imported duty-free into Vietnam are warned from before. However, together with supporting policies of the Government and the efforts of enterprises when continuously investing in and improving competitiveness, domestic products have partly stabilized at the same time the manufacturing and assembly industry. Cars have also changed and reached spectacular. After nearly 20 years of construction, Vietnam initially had an automobile "assembly" industry. We have established a supporting industry that provides a number of parts for the production and assembly of automobile in the country. The automobile industry in Vietnam has also assembled a number of major automobile corporations in the world such as Ford, Mercedes, Toyota and also "formed" 18 FDI enterprises and 38 companies in the country engaged in production with capacity of about 460.000 vehicles a year, including a full range of cars, trucks, vehicles. Some extent, it also meets enough and timely domestic demand for cars in accordance with the objectives set only in terms of quantity.
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