Supply chains in Southeast Asia are racing to recover to full strength after months of factory stoppages and production cuts. This includes Vietnam, which is seeing a rapid return to normality, according to Nikkei Asia.
Indonesia is planning to extend a luxury tax break on the sale of sedans and two-wheel drive cars with engine power of less than 1,500 cc to August to support its pandemic-hit automotive industry.
The Hanoi Plastics Joint Stock Company (HPC) aims to constantly create, innovate technology and improve technical capacity, especially in the field of precision mechanics and mould production to further penetrate the global supply chain.
The COVID-19 situation has considerably sped up the transition of manufacturing work into Vietnam and the country is uniquely positioned to take advantage of this move, said an article recently published on SeekingAlpha content service.
Various regulations have hindered Indonesia’s automobile manufacturing and the country’s car exports are still lagging behind its neighbours like Thailand, General Secretary of the Indonesian Automotive Industries Association (Gaikindo) Kukuh Kumara said.
The spread of the COVID-19 pandemic in almost all countries and territories worldwide is likely to force automobile manufacturing and assembly firms in Vietnam to scale down operations and even close their factories.
Truong Hai Auto Corporation (Thaco) held a ceremony in the central coastal province of Quang Nam on December 28 to hand over 15 Vietnamese branded buses for export to the Philippines.
The development of electric vehicles (EV) is gaining momentum in Southeast Asian nations, as such vehicles require fewer parts and barriers to market entry are lower compared to engine-powered vehicles, according to The Yomiuri Shimbun.
Thailand’s car sales this year are likely to go up thanks to the improved purchasing power of many people, in line with recent better prices for agricultural products.
Thai authorities have acknowledged that high concentrations of particulate matter or PM 2.5, remain in at least 21 areas throughout Bangkok and its vicinity, and the overall pollution situation could worsen again this week.
THACO plans to put into operation 15 large-scale BMW-brand showrooms in HCM City, Hanoi and other major provinces and cities this year to provide the best care and best after-sales services to customers across the country.
Thailand and Japan will join hands to develop the skills of workers at all levels to create a high-quality workforce in order to accommodate for the Automotive Industry 4.0 era.
With the target of manufacturing 2.5 million units of automobile by 2020, Indonesia has become an attractive investment destination for the automotive industry.
Thai Prime Minister Prayut Chan-ocha on March 7 instructed the Ministry of Industry to be responsible for developing a plan to promote investment in the automotive industry.
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