Automotive manufacturing output in Vietnam is expected to rise to meet domestic as well as export demand through a new development strategy for the country’s automotive industry.
According to Vietnam News Agency, the 10-year plan, which has been approved by prime minister Nguyen Tan Dung, is focused on building trucks, specialised vans and nine- and 10-seater vans. The strategy will also encourage the production of small and multi-purpose vans for agricultural and rural use. In addition, exports of Vietnamese-made cars is targeted to reach 900,000 units by 2035.
The auto parts industry has not been left out, either, with the introduction of advanced technologies and partnerships with major global brands expected to produce world-class parts. The industry is projected to meet 35% of domestic spare parts and accessories demand by 2020 and 65% in 2035.
The plan places emphasis on the need for collaboration among carmakers and assemblers, parts makers and research and training centres in all economic sectors.