Trends In Southeast Asia 2019 #02: Vietnam's Industrialization Ambitions: The Case Of Vingroup And The Automotive Industry


by Le Hong Hiep

Trends In Southeast Asia 2019 #02: Vietnam's Industrialization Ambitions: The Case Of Vingroup And The Automotive Industry

Price:  US$6.48   (SGD9.00*)
Format:  Paper Back, 19 pages
Published:  2019, Singapore, 1st Edition
ISBN:  9789814843416
SB#:  062425 (150)

About This Book

Vietnam has officially admitted its failure to achieve industrialized economy status by 2020. This failure is partly due to its inability to grow a strong local manufacturing base and develop key strategic industries. The participation of Vingroup, the country's largest private conglomerate, in the automotive industry has sparked new hopes for Vietnam's industrialization drive. Challenges that Vinfast faces include its unproven track record in the industry; the limited size of the national car market; the lack of infrastructure to support car usage in Vietnam; the intense competition from foreign brands; and its initial reliance on imported technologies and know-hows. However, Vinfast enjoys certain advantages in the domestic market, including the large potential of the Vietnamese automotive market; its freedom as a new automaker to define its business strategies without having to deal with legacy issues; Vingroup's sound business and financial performance and its ecosystem; strong support from the Vietnamese government; and nationalist sentiments that will encourage certain Vietnamese customers to choose its products.


Please note that this book may not be in stock. We will confirm availability upon receipt of your order. * Actual charges are made in Singapore Dollars (SGD).   SGD1.00 = US$0.72