Exports of transport vehicles and spare parts hit over US$11 billion
VOV.VN - Vietnam's exports of transport vehicles and spare parts surged by 18% to reach US$11.579 billion during the 10-month period, according to details given by the Ministry of Industry and Trade.
This has made the product group rank among the top 10 products with an export turnover exceeding US$11 billion for the first time.
Industry insiders point out that the product group is anticipated to exceed a turnover of US$13 billion if it maintains double-digit growth momentum moving forward.
Amid the decline in consumption output of the entire automobile industry, the positive export growth of auto parts and components has proved that the country has secured its position as part of the global automobile production chain.
In fact, the country has seen a number of investors to inject capital into a series of auto supporting industry projects worth trillions of VND in Vietnam recently.
For example, Waffer's project of Taiwan (China) is capitalised at VND1,250 billion and will come into operation in November in the northern Hai Duong province with the factory expected to export auto parts cast from plastic and aluminum alloys from 2024.
