The Vietnam Germany Innovation Network (VGI Network) has held a conference in Wolfsburg, Germany, to foster connectivity among Vietnamese experts and businesses as well as those of the Vietnamese origin in automobile industry and relevant technical sectors.
Toyota Motor Corp and Honda Motor Co. have ceased operation of their factories in Malaysia after this Southeast Asian country initiated a national lockdown to curb the spread of COVID-19 on June 1.
ASEAN economic ministers will sign a pact on mutual recognition arrangements (MRAs) for automobiles and parts as well as the improvement of protocols for dispute settlement mechanisms in September.
Besides record-breaking achievements, the automobile industry was a growth highlight of Vietnam’s economy in 2018, particularly with the introduction of a made-in-Vietnam branded car.
New policies promoting development of the domestic automobile sector will create opportunities for the industrial real estate market, according to a CBRE Vietnam report released in December.
The use of effective policies in the automobile sector since the beginning of the year has boosted the production and assembling of automobile and better controlled imported vehicles in the first six months of 2018.
Supporting industry development will create a driving force for Vietnam’s automobile industry, as heard a seminar held by the Vietnam Association of Supporting Industries on May 24.
The Prime Minister has issued a decision on mechanisms and measures to implement the strategy for Vietnam’s automobile industry development through 2025, with a vision toward 2035.
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