Going global: The competition challenge for "Made in Vietnam" cars
Hanoi, Sept. 17 -- From mainly producing and assembling vehicles for the domestic market, a growing number of Vietnamese automobile manufacturers are stepping up exports, expanding into overseas markets and gradually strengthening their position in global value chains. Testing made-in-Vietnam cars For many years, Vietnam's automobile industry largely developed around production and assembly to meet domestic demand. A limited market size, underdeveloped supporting industries and low localisation rates meant that exports of completely built-up (CBU) vehicles had yet to become a major growth driver for the sector. However, the picture has changed markedly in recent years. Major brands such as THACO, Hyundai Thanh Cong, VinFast and KIM LONG M...
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