Regional Outlook, Global Perspective

WHY VIETNAM’S AUTO INDUSTRY NEVER STEPPED ON THE GAS

WHY VIETNAM’S AUTO INDUSTRY NEVER STEPPED ON THE GAS
Saigon traffic, Oct 2017. Wikimedia Commons

 By Bui Sinh

VN Express-Oct 16

Vietnam’s auto industry has suffered from rewards not being connected to production and the neglect of domestic suppliers. It is evident that while joint ventures have continually received financial support and incentives without developing production, domestic suppliers have been ignored.  In this context, the emergence of VinFast – the year-old auto-making subsidiary of Vietnamese realty and retail giant Vingroup – is being seen as a keystone element in the development of the Vietnamese auto industry.

Read more at: https://e.vnexpress.net/news/news/perspectives/why-vietnam-s-auto-industry-never-stepped-on-the-gas-3821291.html

First published in: VN Express

 

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