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.
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