Thanh Cong Group has restructured its business with the ambition to expand into real estate following its success in the automobile industry.
This is the first time a Vietnamese company has been involved in the production of electric cars, marking a breakthrough for the development and integration of the Vietnamese automobile industry and contributing to the opportunity of owning a car to a handful of Vietnamese people.
The Government’s Decree No. 116/2017/ND-CP which came in full force and effect on January 01, 2018, is viewed as a “new barrier" to protect domestic automobile industry from the automobiles imported from ASEAN entitled to a zero per cent tariff, according to automobile importers and exporters.
There was a positive sign of the Vietnam automobile industry of which revenue in October 2017 was higher than last month.
Vietnam is increasing its exports of automotive parts, accessories and other means of vehicles to many countries, notably some countries with developed automobile industry such as the United States, Japan and Thailand.
Before an ever-rising pressure of duty at 0% on completely built cars imported from ASEAN nations, which is scheduled to be applicable in next year, many local automobile firms are launching a series of price reduction strategies on locally produced products. TheLEADER's reporter Vu Long interviewed Mr. Pham Anh Tuan, head of the Vietnam Automobile Manufacturers' Association (VAMA)'s Policy Subcommittee on a scenario for Vietnam's automobile industry.
Foreign-invested automobile manufacturers have denied a MOIT report about Vietnam’s automobile industry that says assembled-in-Vietnam cars are twice as expensive as Thailand’s and Indonesia’s.
