HA NOI (VNS)— The Ministry of Industry and Trade has revised the auto industry development master plan in light of actual experiences in the past few years in a bid to cope with new trends on the market.
|Assembling auto parts at Vietnamese automaker Thaco Kia. The Ministry of Industry and Trade will finalise its master plan for developing the efficiency of the domestic automobile industry. — VNA/VNS Photo Tran Tinh
Deputy Minister of Industry and Trade Tran Tuan Anh said the plan has been sent to the Ministry of Natural Resources and Environment for reference before seeking final Government approval.
"We have built detailed targets and policies, especially policies on taxes and technology, to develop support industries," Anh said.
According to the revised version of the Viet Nam Automobile Development Plan to 2020 with a vision to 2030, the local auto sector will focus on the domestic market and will classify market segments to meet diversifying demands. The plan should go in line with the overall development of the country's socio-economic plan and help boost evolution of the manufacturing sector.
The Vietnamese auto industry faced a lot of difficulties, including the weakness of metallurgy and the lack of support industries, Anh said, noting that the ministry has added three "breaking" solutions to the revised plan, including more stable policies affecting the auto industry, producing environmentally-friendly vehicles, and creating more favourable conditions for development of the industry.
"In order to make it work, I believe the government needs co-ordinated methods to attract more investment to the sector and needs to upgrade transportation infrastructure" Anh said.
Development of support industries would be a core factor in the growth of the industry as a whole, Anh said, adding that the ministry was drawing up plans to build a complex that would gather together businesses in the support industries in a bid to help the ailing auto industry.
The country has 18 automobile manufacturers belonging to the Viet Nam Automobile Manufacturers Association (VAMA) and some 10 other smaller private manufacturers.
About 8,000 vehicles were sold in Viet Nam in October, down 21 per cent from the same month last year, according to VAMA. The industry group forecast that domestic manufacturers would sell a combined 95,000 vehicles in 2012. — VNS