Foreign Carmakers Use 20% Made-in-Vietnam Parts

Vietnam’s 10 foreign-invested auto makers use only 5%-20% on average of the locally made parts, said an article on Voice of ASEAN website [www.aseanaffairs.com].

 

Toyota Vietnam, the best seller for two consecutive years as of December 2007, reported to obtain the rate at 33% for its most successful model of Innova and targeted to reach 37% this year and 40% next year.

 

Domestic makers have reached an inclusion rate of more than 40%, the web noted.

 

According to latest statistics, Vietnam is home to 200 enterprises involved in business activities related to the manufacturing, assembly and repair of automobiles.

 

The State owns four major auto enterprises, including the Vietnam Motor Industry Group (Vinamotor), Vietnam Engineering and Agricultural Machinery (VEAM), the Vietnam National Coal and Mineral Industries Group (Vinacomin) and the Saigon Transportation Mechanical Corporation (SAMCO). (www.aseanaffairs.com)