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Article: Vietnam to develop automobile industry
- Article from:
- Xinhua News Agency
- Article date:
- October 11, 2004
CopyrightCopyright 2004 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Vietnam to develop automobile industry
HANOI, Oct. 11 (Xinhua) -- The Vietnamese government has just
approved an overall plan on developing its automobile industry by
2010, with the main target of manufacturing more made-in-Vietnam
vehicles and raising the proportion of locally-made components in
assembled products, according to sources from the Ministry of
Industry on Monday.
Under the plan, the automobile industry will meet 40-50 percent of
the local demand for trucks, buses and cars, and 30 percent of the
demand for special-use vehicles in 2005. The respective targets for
2010 are over 80 percent and 60 percent in 2010.
Besides, the proportion of locally-made components in trucks, ...