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VIETNAM BUSINESS NEWS AUGUST 9

VIETNAM BUSINESS NEWS AUGUST 9
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Vietnam to solve bottlenecks to develop its auto industry


Thursday, 09:45, 08/07/2021
Limited market capacity and price differences between domestically produced cars and imported cars are the two biggest bottlenecks for the local auto industry, according to the latest report from the Ministry of Industry and Trade (MoIT).
According to the ministry, the local auto market was one third of the size of Thailand s and one quarter of Indonesia s. It added that the local auto industry is scattered with many different assemblers and models. This has made it difficult for firms which manufacture, assemble, and produce components and spare parts to invest and develop in means of mass production. 
Meanwhile, GDP per capita in Vietnam has not reached a level whereby the majority of people can afford to own cars. This, coupled with weak traffic management, has restrained the demand for new vehicles. ....

Han I , Republic Of , Hai Duong , Hi Duong , Le Van Thanh , Prime Minister , Vietnam Automobile Manufacturers Association , Party Committee Of Hai Duong , Party Committee , Ford Vietnam , Deputy Prime Minister Le Van Thanh , ஹான் நான் , குடியரசு ஆஃப் , ஹாய் துஓங்க் , வணக்கம் துஓங்க் , லெ வேன் த்யாந் , ப்ரைம் அமைச்சர் , வியட்நாம் ஆட்டோமொபைல் உற்பத்தியாளர்கள் சங்கம் , கட்சி குழு , ஃபோர்ட் வியட்நாம் ,