Stuck in Neutral: Vietnam's Automobile Industry Policy

Research output: Contribution to journalArticlepeer-review

Abstract

Vietnam’s automobile industry is undergoing transformational change as the country is pursuing global and regional economic integration. While this overall policy direction is unambiguous, sectoral policy suffers from contradicting policy objectives of different ministries, lacking inter-ministerial coordination, and missing clarity in government-industry communication. Analysis of policy measures indicates that Vietnam briefly sought to protect the automobile industry from liberalization but quickly abandoned these measures as they proved to be ineffective. To allow Vietnam’s automobile industry to develop further, it is suggested that the government must overcome internal conflicts, improve stakeholder participation, and target support on the supplier industry which provides most inputs into vehicle production.
Original languageEnglish
Pages (from-to)223
Number of pages243
JournalJournal of Southeast Asian Economies
Volume38
Issue number2
Publication statusPublished - Aug 11 2021

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