Auto market remains 55 per cent capacity to await Vingroup
Although some investors might concern and even question the prospect of the Vietnamese auto market, Vingroup decided to start a US$3.5 billion automobile assembly.
Although some investors might concern and even question the prospect of the Vietnamese auto market, Vingroup decided to start a US$3.5 billion automobile assembly.
The Vietnamese auto market is witnessing a crazy race of price discount from local manufacturers, a move that recalls the same scenario of Chinese motorbike influx in early 2000s.
The auto market in Viet Nam is becoming more competitive when car firms drop prices to promote consumption in the context of ASEAN’s new tariff cut and the government’s tax policy changes.