Experts believe that in the immediate time, Laos and Cambodia will not be rivals on the same par with Vietnam.
The Ministry of Industry and Trade (MOIT), in its report on automobile industry development submitted to the National Assembly, warned that Vietnam would not only have to compete with automobiles made in Thailand and Indonesia, but also with new manufacturers, including Laos and Cambodia.
|Experts believe that in the immediate time, Laos and Cambodia will not be rivals on the same par with Vietnam.|
Regarding Laos and Cambodia’s automobiles, Nam said there are two possible scenarios.
First, these countries would also assemble Japanese and South Korean cars as Vietnam does, but with bigger preferences and lower prices. Second, Laos and Cambodia could import CBU cars from other markets at low tariffs.
Vietnam’s automobile market is expected to set a new sales record this year with sales of the Vietnam Automobile Manufacturer Association (VAMA) members and TC Motors averaging nearly 32,000 cars each month in January-September.
Some experts and government units have voiced concern over the future growth prospects of the local automobile sector due to the upsurge in car imports from foreign markets in recent months.
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