Vietnam should strictly monitor zero-tax car imports from ASEAN: Thaco

Leading auto firms are embarking upon domestic production, reversing from a planned shift to imports.

The country's lack of auto parts suppliers means many components have to be imported and the added costs are passed on to consumers.

Low-tech and low-added value production is putting the brakes on the industry. 

Decades-old technologies are stifling Vietnam's competitiveness in the global market.

Vietnam’s leather and footwear industry is trying to move up the global value chain to seize the potential benefits of new-generation free trade agreements.

Having constructed two manufacturing plants in Vietnam, Samsung is still looking for local enterprises that can provide the company with quality spare parts, said Han Myoungsup, general director of the Samsung manufacturing complex.

Vietnam’s manufacturing is currently determined by low-wage, low-tech and low-added value production. And the country is finding its way to move up the global value chain so that it can maximize the potential benefits from a variety of new generation free trade agreements including the pending Trans-Pacific Partnership (TPP).