Stuck in Neutral: Vietnam’s Automobile Industry Policy

Vietnam’s automobile industry is undergoing transformational change as the country is pursuing global and regional economic integration. While this overall policy direction is unambiguous, sectoral policy suffers from contradicting policy objectives of different ministries, lacking coordination and...

Full description

Saved in:
Bibliographic Details
Published in:ASEAN economic bulletin 2021-08, Vol.38 (2), p.223-243
Main Author: Schroder, Martin
Format: Article
Language:English
Subjects:
Alliances
Automobile industry
Automobile production
Automobiles
Cooperation
Coordination
COVID-19
Economic integration
Feasibility studies
Globalization
Industrial development
International economic integration
Liberalization
Manufacturers
Manufacturing
Motor car industry
Motor cars
OEM
Production capacity
Tariffs
Trade policy
Trans-Pacific Partnership Agreement
Transportation equipment industry
Vehicles
Citations: Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Vietnam’s automobile industry is undergoing transformational change as the country is pursuing global and regional economic integration. While this overall policy direction is unambiguous, sectoral policy suffers from contradicting policy objectives of different ministries, lacking coordination and clarity in government-industry communication. Analysis of policy measures indicates that Vietnam briefly sought to protect the automobile industry from liberalization, but quickly abandoned these measures as they proved to be ineffective. To allow Vietnam’s automobile industry to develop further, it is suggested that the government must overcome internal conflicts, improve stakeholder participation and extend support to the supplier industry, which provides most inputs for vehicle production.
ISSN:2339-5095
2339-5206
DOI:10.1355/ae38-2e