Hybrid, PHEV and EV engines help reduce harmful emissions and save fuel, but they are not favored in Vietnam because of the lack of encouragement
In the first half of the year, the number of cars imported to Vietnam increased by 500 percent, while some models saw a sharp increase of 650 percent compared with the same period last year.
Russian automobile manufacturers specializing in trucks and off-road vehicles have set their sights on establishing joint ventures to expand their production in Vietnam.
Though appreciating Japanese support to Vietnam’s industries, economists say that Japanese automobile manufacturers’ claims for investment incentives are unreasonable.
Japanese automobile manufacturers have discussed the possibility of relocating their factories to regional countries because of Vietnam’s weak supporting industries.
Automobiles sales in the first ten months of 2016 increased 30 percent to 242,681 units compared to the same period last year, announced the Vietnam Automobile Manufacturers’ Association on November 9.
Only foreign-invested automobile manufacturers can benefit from the current investment incentives, while Vietnamese automobile cannot grow, experts say.
Vietnam based automobile manufacturers are deliberating continuing activities in manufacturing or shifting to importing CKD units before the deadline of 2018, when Vietnam fully opens its door to global trade by reducing import taxes to zero.
(VOV) -Ho Chi Minh City will host the 9th Motorshow Vietnam exhibition on October 23 24.