Foreign automakers switch to trading as Vietnamese scale up productionVietNamNet Bridge - While foreign-invested manufacturers have shifted to importing cars for domestic sale, Vietnamese enterprises have increased investments and expanded production, vowing to develop a domestic automobile industry. On the same day, Thaco opened the Japan – Chu Lai international maritime route and received APL’s first ship from Hiroshima docking at the Chu Lai Port. While foreign-invested manufacturers have shifted to importing cars for domestic sale, Vietnamese enterprises have increased investments and expanded production, vowing to develop a domestic automobile industry. The newly inaugurated Thaco Mazda is equipped with the most advanced automatic production lines. VinFast, another Vietnamese automobile brand, also is thinking big with its plan to become the leading automobile manufacturer in South East Asia with the capacity of 500,000 products by 2025.


Source:   VietNamNet News
April 24, 2018 09:11 UTC