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.
|Number of pages||243|
|Journal||Journal of Southeast Asian Economies|
|Publication status||Published - Aug 11 2021|