Cars in Viet Nam are not coming cheap as their prices are twice as high as those in Thailand and Indonesia, and even way higher than in developed countries like Japan and the US.
The Vietnamese automobile industry is expected to grow well, driven mainly by an increase in per capita income, demand for cars, and infrastructure improvement
The Vietnamese automobile market is predicted to develop strongly between now and 2035 as the country is experiencing a “golden population structure,” which offers opportunities to promote the automobile industry.
PM Nguyen Xuan Phuc attended a ceremony in the northern port city of Hai Phong to start the construction of the first Vietnamese automobile manufacturing complex in Dinh Vu – Cat Hai economic zone.