Vietnam now has a new opportunity to develop its automobile industry. If the chance is missed, the country will become an automobile import market. According to the Tax Policy Department, the car market segment in Vietnam is growing very rapidly. The motorization period is nearing and the demand for automobiles is increasingly high. Analysts believe that the Vietnamese market will have a scale of 1 million products by 2025. According to Ministry of Public Investment (MPI), many foreign investors have shown their interest in investments in Vietnam. They are awaiting moves by Vietnam’s management agencies and will flock to Vietnam if they see good signals. This is a great opportunity to develop the automobile industry. If it cannot be embraced, Vietnam’s automobile industry will just assemble and produce on a small scale. However, many analysts think the opportunity will be missed. In order to develop the automobile industry, Vietnam needs to develop supporting industries, or vendors who provide car parts to assemblers. The supporting industries now are weak with enterprises using outdated technologies, lacking production experience. The car parts which can be made in Vietnam all have low added value, such as seats, electric wires and plastics, while the production… Read full this story
- Finding the Best New Online Business Opportunity - The Key to Success in Network Marketing
- Best New Online Business Opportunity - Staying Focused Just Like in Network Marketing
- 3 Sources For New Internet Business Opportunities
- How the US Relies on the Automobile Industry
- Evolution of Modern Automobile Industry
- Guenter Butschek says environment & safety need to be top priority for automobile industry
- Can the Automobile Industry Recover?
- New Online Business Opportunity Creates the Perfect Affordable System For Earning From Home
- Global Verge is This Next New Big Marketing Opportunity? Or is Global Verge Just a Scam?
- Why Must You Be a Bumblebee When You Tell Your Friends About Your New Online Business Opportunity?
VN automobile industry: new circumstances offer opportunity have 309 words, post on vietnamnet.vn at November 27, 2020. This is cached page on VietMaz. If you want remove this page, please contact us.