Vietnam automotive industry is about to experience tougher supervision, with the
Ministry of Industry planning a new regulatory agency to guarantee the quality
of locally-produced cars and motorbikes, Asia Pulse reported.

The ministry hopes to set up the agency in the third quarter of the year to
monitor production at car and motorcycle plants and crack down on imports of
components and assembly kits.

According to the Ministry of Trade, Asia Pulse said, imports have soared.

In recent months, 3,218 cars were imported, 389 percent more than last year,
while local assemblers, who include BMW and Toyota, imported 1,757 CKD and Ikd
assembly kits, up 104 percent.

Car makers were reported to have sold 1,363 vehicles in January, 333 more than
a year ago, almost on target to boost sales by 30 percent this year.

Industry insiders estimate that around 13,000 cars will be imported in 2001,
Asia Pulse said.

To view related research reports, please follow the links

Market Profile: Vietnam

automotive industries of Asia-Pacific