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Vietnam’s Industrialization Ambitions: The Case of Vingroup and the Automotive Industry
Vietnam’s Industrialization Ambitions: The Case of Vingroup and the Automotive Industry
Vietnam’s Industrialization Ambitions: The Case of Vingroup and the Automotive Industry
Ebook28 pages24 minutes

Vietnam’s Industrialization Ambitions: The Case of Vingroup and the Automotive Industry

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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. The company, through its subsidiary Vinfast, aims to become a leading automaker in Southeast Asia with an annual capacity of 500,000 units and a localization ratio of 60 per cent by 2025.
LanguageEnglish
PublisherISEAS
Release dateJan 29, 2019
ISBN9789814843423
Vietnam’s Industrialization Ambitions: The Case of Vingroup and the Automotive Industry

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