In order to develop Vietnam’s automobile support industry, domestic enterprises need the help of leading enterprises and state policies.
Vietnam’s automakers import 80 percent of the parts they need. Given the unprecedented sales of over 500,000 cars in 2022, the development of supporting industries for the automobile industry is becoming more urgent.
A car is made up of about 30,000 parts, but domestic enterprises can only produce simple items such as seats, power cords, rims and tubeless tires.
The active participation of upstream enterprises like Thaco and VinFast plays an important role in enhancing the development of the auto support industry, providing an opportunity for secondary component suppliers to exchange, research, and improve skills and product quality.
In addition to the support of leading enterprises, Vietnam’s automobile industry also needs policies to solve problems such as investment efficiency and the lack of high-quality material industries to quickly narrow the cost gap, expand the network of domestic component suppliers, and promote the development of the supporting industry.
