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automobile industry
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Prime Minister welcomes Skoda Auto's support for Vietnam's automobile industry
PM Chinh encouraged Skoda Auto to manufacture not only passenger cars but also other types of vehicles, engines, and components for automobile factories in Vietnam, leveraging the country as a strategic base to expand its reach across Southeast Asia.
Politics-Diplomacy
Vietnam's automobile industry to face multiple challenges in 2025
The Ministry of Industry and Trade has forecast that Vietnam's automobile market could grow by approximately 12% in 2025, with sales expected to reach 600,000 units. However, the influx of completely built-up (CBU) imported vehicles is likely to exert significant pressure on the domestic automobile industry.
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