According to Vietnam Credit, the output capacity of Vietnam ‘s car supporting industry is hush first gear. The number of vietnamese suppliers in the car industry is a lot smaller than that of Thailand. Thailand has closely 700 tier 1 suppliers while the figure for Vietnam is less than 100. As for tier 2 and 3 suppliers, there are 1,700 in Thailand while Vietnam has less than 150. ( data by ASEAN SECURITIES, MOIT ) .
On top of that, car parts presently produced in Vietnam are chiefly labor-intensive parts with simpleton technology such as glasses and tires .
In summation, Vietnam ’ south engagement in the provide chain and production of car manufacturers in the area is very limit. specifically, since 2018, imported cars of ASEAN origin have enjoyed an significance tax rate of 0 %. however, with such abject production capacity, it can be seen that Vietnam benefits identical short from the supply chain and production of car manufacturers in the ASEAN area.
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In 2020, the Covid-19 pandemic had a negative impact on the entire automotive industry. however, Vietnam ’ s policy of supporting 50 % of the registration fee applied to domestically assemble cars at the end of June 2020 has helped the industry get the better of difficulties .
It was this back policy that has besides had a significant impact on the marketplace when helping sales of domestically assemble cars accelerate. The sum sales of cars in Vietnam in 2020 was 296,634 units, which is just 8 % lower than that in 2019 .
reference : TC Motor, VAMA, VinFast ; Unit : cable car .
HYUNDAI THANHCONG VIET NAM JOINT STOCK COMPANY
The roast venture factory between Hyundai Thanh Cong ( Vietnam ) and Hyundai Motor ( Korea ) is located in Ninh Binh. celebrated Hyundai-branded cars such as : Hyundai SantaFe, Elantra, Grand i10, Tucson are manufactured and assembled in this factory. In the cheeseparing future, Hyundai Thanh Cong plans to expand this factory and increase its production .
Hyundai Thanh Cong has been the party with the largest annual car sales for two years. In 2020, this party sold more than 81,000 vehicles to the grocery store .
In accession to the two best-selling models, Accent and Grand i10, most of Hyundai ‘s other passenger cars besides dominate the market. In particular, Santa Fe holds the top of the best-selling 7-seat SUV in size D while Kona is entirely inferior to Kia Seltos and Toyota Corolla Cross .
2. Toyota Motor Vietnam
Toyota is a popular japanese car brand in Vietnam. Toyota Motor Vietnam car factory is located in Phuc Yen town, Vinh Phuc state. This is a joint venture between Toyota Japan Company, Vietnam Engine and Agriculture Corporation ( VEAM ) and KUO Company ( Asia ) .
presently, Toyota factory assembles CKD models such as Toyota Innova, Toyota Corolla Altis, Vios and Fortuner .
Toyota is besides a leading automobile stigmatize in Vietnam. however, despite the wide image of products, its product portfolio is spotty .
previously, in the tilt of 10 most democratic cars, Toyota regularly contributed 4-5 product lines. now lone Vios remains. Innova is far behind other MPV models while Fortuner has besides been usurped by Hyundai Santa Fe .
Toyota Vietnam ‘s sales of cars in 2020 was 70,692 vehicles .
Truong Hai Auto Corporation (Thaco) specializes in manufacture, assembling, importing, exporting, distributing, maintaining and repairing automobiles in Vietnam. Currently, Thaco is cooperating with many major car manufacturers in the worldly concern to import their products to Vietnam for assembly .
Mazda ( Japan ), KIA ( Korea ), Peugeot ( France ) and most recently BMW ( Germany ) are extraneous cars assebled by Thaco. In addition, Thaco besides cooperates with Hyundai and Foton to manufacture trucks and buses in Vietnam. The factory is located in Chu Lai Open Economic Zone, Quang Nam Province, Vietnam. With mod engineering and high-quality human resources, the caller ‘s annual output signal reaches 10,000 vehicles.
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In 2020, sales of Kia, Mazda and trucks assembled and manufactured by Thaco were 39,180 vehicles, 32,224 vehicles and 24,119 vehicles, respectively .
VinFast is the inaugural and presently the only vietnamese car manufacturer. The company is headquartered in Hanoi and has a fabrication plant in Hai Phong. The company has launched car product lines LUX SA2.0, LUX A2.0 and VinFast Fadil .
According to statistics, in 2020, VinFast sold to the market a total of 29,485 cars, of which Fadil was the most democratic model with a sales volume of more than 18,000 units .
Established in 1994, Mitsubishi Motors Vietnam is the result of a kinship ( a joint venture ) between Mitsubishi Automobile Manufacturing Company ( Japan ), Mitsubishi Trading Company ( Japan ) and Transport Investment Cooperation and Import Export Joint Stock Company ( Vietnam ), with head office in Binh Duong province .
The ship’s company has launched many high-quality car products such as Mitsubishi Pajero, Mitsubishi Grandis, Mitsubishi Outlander Sport, Mitsubishi Triton in Vietnam .
Mitsubishi ’ s car sales in 2020 was 28,954 units .
Ford Vietnam Limited is a joint venture between Ford Motor Corporation ( the US ) and Song Cong Diesel Company ( Vietnam ). The party has an assembly plant located in Hai Duong with a capability of 14,000 vehicles a year. Ford ‘s most popular CKD model in Vietnam is EcoSport .
In 2020, Ford Vietnam sold 24,663 vehicles .
Honda Vietnam Company Limited was established in 1996 with two independent product lines : motorcycles and automobiles. however, it was not until 2005 that the ship’s company was licensed to manufacture and assemble automobiles in Vietnam. Honda automobile fabrication establish is presently located in Vinh Phuc and Ha Nam .
Despite holding the largest market parcel in the motorcycle segment, Honda ‘s automobile market plowshare is not large. entire sales of Honda car models in Vietnam in 2020 merely reached 24,418 vehicles .
Suzuki started manufacture and assembling cars and motorcycles in Vietnam in 1996 at its factory in Binh Da Industrial Park, Dong Nai. The company has besides built a new fabrication plant in Binh Long Industrial Park, Bien Hoa, Dong Nai .
presently, Suzuki ‘s commercial vehicles are not highly appreciated by vietnamese consumers, and have relatively low sales. however, sales of Suzuki-branded trucks are growing. After a long clock time of struggling with merchandise strategy, Suzuki ultimately has had a best-selling model, which is XL7 .
The total number of vehicles sold by Suzuki in 2020 was 14,518 units .
Alice Hoang Thao – Vietnam Credit