VIETNAM WORKS TO BOOST PARTS PRODUCTION TO STRENGTHEN OVERALL AUTO SECTOR – BUT IS IT TOO LATE?
May 1st, 2017
VIETNAM is working hard to develop an upstream parts manufacturing base, but this goal is proving hard to achieve and meanwhile, regional liberalization through the Association of Southeast Asian Nations (ASEAN) is threatening the country’s auto assembly segment.
In many ways, it is crunch time for Vietnam’s auto sector. Finally, thanks to years of rapid economic growth, an increasing number of Vietnam consumers are now able to buy automobiles –in a market traditionally dominated by motorcycles. The World Bank said average incomes in 2015 were ...
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