Increase in Number of Automotive Enterprises Expected to Drive Vietnam Automobile Industry: Ken Research Vietnam automobile industry is a fast growing sector, mainly dependent on domestic sales. The industry is one of the largest economic sector by revenue. All currently produced models are generally designed abroad by foreign brands, and many rely on knock-down kit production. Owing to high import taxes on automobiles, the Vietnamese government defends domestic manufacturing.… Read More »
Vietnam Automobile Market Research Report: Ken Research Today Vietnam Automobile Industry is largely stopped at simple assembly. The average localization rate is around 10%. Almost all of domestic components are in the form of simple technology with low value and mainly used for trucks and passenger cars. The newly promulgated Decree 116/2017/ND-CP on Production, Assembly and Trading of Automobiles is expected to… Read More »
