Many businesses from the Republic of Korea (RoK) are looking to connect and get more information about the Vietnamese market as well as investment policies of the country, especially in auto parts, mechanics, and electronics.
Developing supporting industries to increase the use of locally produced parts is an urgent requirement if Viet Nam''s automobile industry is to be developed, and this will also help grow other industries.
Developing supporting industries to increase the use of locally produced parts is an urgent requirement if Viet Nam''s automobile industry is to be developed, and this will also help grow other industries.
The Vinfast-An Phat Plastic Auto Parts Company (VAPA) on Tuesday officially inaugurated its factory at the Dinh Vu – Cat Hai Economic Zone in the northern city of Hai Phong.
The Ministry of Finance has asked the Government to amend its laws to eliminate the special consumption tax on locally manufactured auto parts and components, a move which could reduce prices of locally assembled cars.
The latest US tariffs on Chinese auto parts was likely to hit Viet Nam’s rubber industry, said head of the Vietnam Rubber Association (VRA)’s Rubber Development Consulting Division Tran Thi Thuy Hoa.
Construction on a US$24.6-million auto parts factory is under-way in the northern Thai Binh province’s Tien Hai Industrial Zone with completion expected in July 2019.
Authorities in the central province of Quang Nam have asked the Government to reduce the import tax on auto parts and components for locally-assembled vehicles at the earliest.
The Pegasus-Shimamoto Auto Parts Vietnam Co., Ltd inaugurated its
automobile manufacturing plant in Long Duc Industrial Zone on February
17 in the southern province of Dong Nai.
Southern Dong Nai Province has given the green light for the Japanese company Pegasus-Shimatomo Auto Parts to start construction on a factory for automobile and motorbike spare parts.