Building a new strategy to promote the development of Vietnam’s automobile industry until 2045

Recently, the Ministry of Industry and Trade has issued a Draft Outline of the Strategy for the Development of the Automobile Industry to 2030, with a vision to 2045, to solicit broad comments from units, organizations, and individuals. It is expected that by June, the Ministry of Industry and Trade will complete the first Draft, then continue to edit it to complete it; in September 2024, it will report to the Minister for submission to the Prime Minister for approval.

In fact, the automobile manufacturing industry is also strongly influenced by science, technology, and consumer trends. Therefore, in the coming period, if the Vietnamese automobile manufacturing industry wants to develop well, it needs to make appropriate changes. Therefore, implementing the development of the “Strategy for the Development of the Vietnamese Automobile Industry to 2030, with a vision to 2045” is extremely necessary and meaningful in both practice and science.

Priority product groups include trucks and passenger cars with 10 seats or more, passenger cars with up to 9 seats, specialized vehicles and supporting industries. For trucks and passenger cars with 10 seats or more, the focus will be on developing multi-purpose small trucks serving agricultural and rural production and medium and short-range passenger cars running between provinces, districts, inner cities… suitable for terrain conditions, domestic traffic infrastructure with reasonable prices, safety and convenience.

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