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Tag: localization rate
Localization rate in Vietnam’s car industry remains low compared to regional peers
The main issues of the local automobile industry lie in the inability to master core technologies such as engine production, the control and transmission systems.
Vietnam aims to have locally-made cars: Deputy PM
The government has changed its development strategy for the automobile industry, given the fact that it’s not feasible to produce one entire car in Vietnam.
Vietnam gov’t eyes further preferential policies to support automobile industry
Existing incentive policies are not attractive enough to encourage local enterprises to further invest in the automobile industry.