Toyota Vietnam Reports Export Revenues of US$11.8Mln

Toyota Vietnam Reports Export Revenues of US$11.8Mln

Toyota Vietnam, the largest carmaker in Vietnam, earned US$11.8 million from exported spare parts in 10 years of operations in the country.

Toyota Vietnam parts are mainly exported to Thailand, Malaysia, India, Indonesia, Argentina and South Africa.

Exported parts are antenna, valves and brakes.

The Japanese-invested company expects to bag an additional US$6-7 million in export revenues from now to this year’s end.

Last July, Toyota Vietnam opened an automobile parts export center in its factory in the northern province of Vinh Phuc, aiming to export auto parts to Toyota's IMV (Innovative Multi-purpose Vehicle) assemblers worldwide.

Toyota Vietnam, set up in September 1995 with an initial investment of US$89.61 million, sold 3,059 cars in the country in the first four months of this year, representing an on-year increase of 18 per cent and holding 31 per cent of the market share. It has an annual capacity of turning out 10,000 cars.

The Market Daily