VN strives to become car spare parts supplier

The overall goal is to turn the auto industry into an important one of the country, give a boost to the development of other industries, and become a spare parts supplier to the global car production chain.

Under the strategy, Viet Nam will focus on manufacturing small multi-purpose trucks to serve agricultural production as well as passenger cars with reasonable prices.

The country will give priority to small-sized and economical cars that provide seating for up to nine people, encourage the production and assembly of special-purpose vehicles.

Domestic car production is expected to meet 67 percent of the local demand in 2020 and 78 percent in 2035.

Auxiliary industries will also be developed to support the auto industry in a bid to gradually raise the localization rate.

The auto industry is also expected to ship 90,000 cars by  2035./.

By Huong Giang