News

Vietnam became the fastest growing automobile manufacturing center in southeast Asia

Vietnam became the fastest growing automobile manufacturing center in southeast Asia
(Nhan Dan news) at present, more than 600 million people in the southeast Asian market is becoming a global auto makers' ideal destination. Just like the Philippines, Vietnam, with the flourishing development of speed attract the eyes of the auto maker.
According to the BMI Research of Fitch Ratings research institution's data from 2017 to 2021, Vietnam and the Philippines will become southeast Asia's two fastest-growing auto manufacturing center. The agency predicted in 2021 that will produce 300% surge in the Philippines cars, 359000 vehicles, and a doubling in Vietnam's car production, will produce 12000 vehicles a year.
The two countries in recent years to keep the level of economic growth rate of more than 6% and ascend the world's fastest growing countries list. Though the motorcycle are residents of the two countries the most common means of transportation, but experts said, in the domestic per capita income under the background of gradually increase, use car number also will increase increasingly.

www.asiatiger.org Vinh Sang Co.,Ltd.