Consumption in the automobile market is gradually recovering after a long period of social distancing in the country, but many domestic automobile manufacturers and assemblers are facing difficulties due to a shortage of spare parts.
Domestic automobile manufacturers have urged the Ministry of Finance to revise criteria for production capacity so as to enjoy preferential a tax incentive policy for imported automobile parts.
Many businesses from the Republic of Korea (RoK) are looking to connect and get more information about the Vietnamese market as well as investment policies of the country, especially in auto parts, mechanics, and electronics.
Taiwanese electronics manufacturer Foxconn is reportedly in talks with the Vietnamese automaker VinFast to produce batteries and electric vehicle (EV) parts.
Developing supporting industries to increase the use of locally produced parts is an urgent requirement if Viet Nam''s automobile industry is to be developed, and this will also help grow other industries.
Developing supporting industries to increase the use of locally produced parts is an urgent requirement if Viet Nam''s automobile industry is to be developed, and this will also help grow other industries.
The Sourcing Fair for Supporting Industry with Buyers that opened in HCM City Wednesday seeks to enhance supply chain linkages in supporting industries, enhance direct connections between foreign and other manufacturing firms and Vietnamese parts suppliers.
Many Vietnamese companies in supporting industries that can produce high-quality parts are nevertheless struggling to enter large international supply chains or are only able to supply low-value items to them.
The Ministry of Finance plans to eliminate the import tax for auto materials and parts in order to support the development of the country’s automobile industry.
The Vinfast-An Phat Plastic Auto Parts Company (VAPA) on Tuesday officially inaugurated its factory at the Dinh Vu – Cat Hai Economic Zone in the northern city of Hai Phong.
Toyota Việt Nam and An Phát Holdings Group (APH) are striving to increase localisation rate of plastic spare parts from current 30 per cent to 45 per cent.