Industry Ministry admits failure in developing auto industry. So what’s next?

CVD

Last update 12:00 | 05/06/2017
VietNamNet Bridge – The Ministry of Industry and Trade (MOIT) has admitted that the plan to develop an automobile industry of Vietnam has failed, but it still insists on protecting domestic assembling enterprises which work for foreign invested enterprises.vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, auto industry, car price, AFTA

MOIT said the car selling price is twice as much as the price in other regional countries, while the locally made content ratio is still lower than the targeted level.

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