Vietnam is one of the most promising markets for automotive sector. In the last 5 years, the market enjoyed a healthy growth of 18% and is expected to continue around 20% growth in the next 5 years thanks to the low car penetration rate, golden population structure and rising disposal income in Vietnam. Vietnamese government give so many incentive policies to encourage the development of local automotive and auto part sectors. Local automotive manufacturers are open to cooperate with auto part suppliers in order to exploit local market as well as for exporting to ASEAN countries. However, the auto part sector in Vietnam is still underdeveloped mainly due to the low car sale volume and limited capability of auto part suppliers.
3 months ago, FiinGroup conducted a market research on Vietnam auto part sector for KOTRA so we would like to share some key research findings with you to assist you to get more in-depth understanding.
Read more here: http://fiingroup.vn/News/Detail/3098629?lang=en-US
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