With the viewpoints that the automobile industry is an industry that creates an important motive force for promoting industrialization and modernization and should be encouraged through stable.
Consistent and long-term development policies and to develop the automobile industry on the basis of drawing upon the potential of enterprises of all economic sectors with the aims to get specific targets such as by 2020, the total number of vehicles will reach approximately 227,500, including around 114,000 cars of up to 9 seats, around 14,200 cars of 10 or more seats, around 97,960 trucks, and around 1,340 special-use vehicles….
On July 16, 2014, the Prime Minister signed the Decision No. 1168/QD-TTg approving the Strategy for development of Vietnam’s automobile industry through 2025, with a vision toward 2035.
At the Decision, the Prime Minister requires the Ministries, related ministries and sectors in identifying and establishing strategic partnerships and promote investment in projects which are large enough for creating markets for the supporting industry. To encourage the manufacture of environment-friendly vehicle lines (energy-efficient, hybrid, biofuel-powered and electric vehicles, etc.) to meet the requirements on emission standards.
At the same time, to concentrate investment on renovating and upgrading technologies for raising the quality of products to conform with international standards and form a number of concentrated automobile industrial centers/clusters through manufacture reorganization. To step up cooperation and association among automobile manufacture and assembly enterprises, supporting industry enterprises, research & development institutions and training institutions of all economic sectors for raising investment efficiency and increasing specialization.
The Prime Minister also emphasizes that For trucks and passenger cars of 10 seats or more to attach importance to developing multi-utility small trucks to serve agricultural production and rural areas and medium- and short-distance passenger cars running on inter-provincial and -district routes and in inner urban areas, etc.,
Which are suitable to local terrain conditions and transport infrastructure, ensuring reasonable cost, safety and comfort. For passenger cars of up to 9 seats, to focus on energy-efficient small-sized personal cars suitable to transport infrastructure and people’s incomes.
This Decision takes effect on the signing date.
