Vietnam Automobile Standard Report Q4/2019
VIETNAM MOTOR INDUSTRY
The automobile industry in Vietnam currently largely stops at simple assembly with an average localization rate of about 10%. To promote domestic automobile production, the Government has issued Decree 116/2017 / ND-CP to create new development opportunities for domestic enterprises instead of falling behind imported cars. According to the General Statistics Office, in the first 9 months of 2019, the number of cars produced and assembled nationwide increased by xx.x% over the same period in 2018.
The market entry of VinFast is expected to promote the development of the domestic automobile manufacturing and assembly industry, increasing the localization rate and reducing the dependence on imported cars.
According to the Vietnam Automobile Manufacturers Association (VAMA), in the first 9 months of 2019, sales of the whole car market increased by xx.xx% over the same period in 2018. Ranking of 10 best-selling car models In the whole market, there have been many changes in rankings compared to 2018. However, it can be seen that the rankings in the first 9 months of 2019 still have the main contribution coming from domestic manufactured and assembled vehicles with 8. / 10 models
The total number of CBU imports in the first 9 months of 2019 has increased more than 8 times in quantity and more than x times in value compared to the same period in 2018. It can be seen, after a continuous decline from 2016- In 2018, due to the impact of the supply market, barriers from the domestic decree on imported cars, Q3 / 2019 recorded the best growth of imported cars in the past few years when the number of imported cars in 9 months. The beginning of the year is nearly equal to x% compared to the whole of 2018.
The automobile industry in Vietnam currently largely stops at simple assembly with an average localization rate of about 10%. To promote domestic automobile production, the Government has issued Decree 116/2017 / ND-CP to create new development opportunities for domestic enterprises instead of falling behind imported cars. According to the General Statistics Office, in the first 9 months of 2019, the number of cars produced and assembled nationwide increased by xx.x% over the same period in 2018.
The market entry of VinFast is expected to promote the development of the domestic automobile manufacturing and assembly industry, increasing the localization rate and reducing the dependence on imported cars.
According to the Vietnam Automobile Manufacturers Association (VAMA), in the first 9 months of 2019, sales of the whole car market increased by xx.xx% over the same period in 2018. Ranking of 10 best-selling car models In the whole market, there have been many changes in rankings compared to 2018. However, it can be seen that the rankings in the first 9 months of 2019 still have the main contribution coming from domestic manufactured and assembled vehicles with 8. / 10 models
The total number of CBU imports in the first 9 months of 2019 has increased more than 8 times in quantity and more than x times in value compared to the same period in 2018. It can be seen, after a continuous decline from 2016- In 2018, due to the impact of the supply market, barriers from the domestic decree on imported cars, Q3 / 2019 recorded the best growth of imported cars in the past few years when the number of imported cars in 9 months. The beginning of the year is nearly equal to x% compared to the whole of 2018.
Abbreviations
Summary
1. BUSINESS ENVIRONMENT
1.1 Macroeconomic situation
1.2 Legal barriers
2. WORLD AUTOMOBILE MARKET
2.1 Production
2.2 Consumption
3. VIETNAM'S AUTOMOBILE MARKET
3.1.1 Scale and characteristics
3.1.2 Industry value chain
3.1.3 Industry position
3.1.4 Production
3.1.5 Consumption
3.1.6 Import
3.1.7 Car prices
3.2. Motivation for development
3.3 Planning
4. ENTERPRISES
Summary
1. BUSINESS ENVIRONMENT
1.1 Macroeconomic situation
1.2 Legal barriers
2. WORLD AUTOMOBILE MARKET
2.1 Production
2.2 Consumption
3. VIETNAM'S AUTOMOBILE MARKET
3.1.1 Scale and characteristics
3.1.2 Industry value chain
3.1.3 Industry position
3.1.4 Production
3.1.5 Consumption
3.1.6 Import
3.1.7 Car prices
3.2. Motivation for development
3.3 Planning
4. ENTERPRISES
LIST OF TABLES
Table 1: Roadmap to apply special consumption tax to cars
Table 2: Competition analysis between Truong Hai and Toyota Vietnam by the end of 9/2019
Table 3: Special excise tax on vehicle segment, 1018
Table 4: Top brands of cars with over VND 2 billion imported to Vietnam, 2017
Table 5: Estimated cost of rolling for 2 Vinfast models in Hanoi
Table 6: Price list of typical models, 6 / 2017-9 / 2019
Table 7: Prices of cars imported from ASEAN before January 1, 2018, assuming the price in the exporting country is
Table 8: Prices of imported cars from ASEAN after January 1, 2018, assuming the price in the exporting country is
Table 9: Estimated vehicle output and growth rates in years
Table 10: Estimated proportion of the number of domestically manufactured and assembled vehicles compared to the total domestic demand (%)
Table 11: Export of complete units and spare parts
Table 12: Localization rate by value over years
Table 1: Roadmap to apply special consumption tax to cars
Table 2: Competition analysis between Truong Hai and Toyota Vietnam by the end of 9/2019
Table 3: Special excise tax on vehicle segment, 1018
Table 4: Top brands of cars with over VND 2 billion imported to Vietnam, 2017
Table 5: Estimated cost of rolling for 2 Vinfast models in Hanoi
Table 6: Price list of typical models, 6 / 2017-9 / 2019
Table 7: Prices of cars imported from ASEAN before January 1, 2018, assuming the price in the exporting country is
Table 8: Prices of imported cars from ASEAN after January 1, 2018, assuming the price in the exporting country is
Table 9: Estimated vehicle output and growth rates in years
Table 10: Estimated proportion of the number of domestically manufactured and assembled vehicles compared to the total domestic demand (%)
Table 11: Export of complete units and spare parts
Table 12: Localization rate by value over years
LIST OF FIGURES
Figure 1: Available income and household expenditure, 2008 - 2017f
Figure 2: GDP at current prices per capita, 2013 - 2018
Figure 3: GDP growth rate by quarter, 2016 - 2019
Figure 4: Monthly CPI fluctuation, 1/2015 –9 / 2019
Figure 5: Consumer confidence index, Q1 / 2014-Q1 / 2019
Chart 6: VND / USD exchange rate, 1 / 2013-9 / 2019
Figure 9: Production of cars in the world, 2013 - 2018
Figure 10: Structure of automobile production by vehicle type, 2018
Figure 11: Production structure by region, 2017
Figure 12: Automobile production structure by region, 2018
Figure 13: World automobile consumption by vehicle type, 2013 - 2018
Figure 14: 10 most sold models in the world, 2018
Figure 15: World automobile consumption, 2015 - 2018
Figure 16: Automobile consumption of countries of the ASEAN Automobile Association (AFF), 2018
Figure 17: Number of vehicles used in the world, 2012 - 2017
Figure 18: Vehicle use structure by region, 2017
Figure 19: Number of businesses, 2010-2017
Figure 20: Number of employees, 2010-2017
Figure 21: Revenue from automobile manufacturing and assembly activities, 2010-2017
Figure 22: Wholesale and retail sales of cars, 2010-2017
Figure 23: Vehicle consumption structure by business, 9M / 2019
Figure 24: Manufacturing and assembling cars in Vietnam, 2010-9T / 2019e
Figure 25: Production and assembly structure by vehicle type, 2011 - 9M / 2019e
Figure 26: Automobile consumption in Vietnam, 2010 - 9M / 2019
Figure 27: Consumption of cars by vehicle type, 1 / 2018-9 / 2019
Figure 28: Consumption volume by car origin, 1 / 2018-9 / 2019
Figure 29: Car ownership rate of less than 9 seats, some countries in the region, 2017
Figure 30: Number of cars per 100 households by urban - rural area, 2004 - 2016e
Figure 31: Top 10 best-selling cars in 9T / 2019e
Figure 32: Regional consumption structure of VAMA members, 9M / 2017-9T / 2019
Figure 32: Sales of cars by region, 9M / 2019
Figure 33: Vehicle consumption structure by business, 9M / 2018
Figure 34: Vehicle consumption structure by business, 9M / 2018
Figure 35: Import of complete units, 2011-9T / 2018
Figure 36: Import structure of cars by type, 9M / 2019
Figure 37: Import of complete units from some major countries, 9M / 2018 -9M / 2019
Figure 38: Import structure of CBU cars by country, 9M / 2019
Figure 39: Top market for importing over 2 billion cars into Vietnam, 2017
Figure 40: Vietnam automobile prices with other countries, 2017
Figure 41: Price of vehicles divided by cost structure incurred by consumers
Figure 42: Average income growth rate by age group, 2014-2018
Figure 43: Population pyramid, 2018
Figure 44: Outstanding loans for consumer, 2012-2018
Figure 45: Population structure by class stratification (expenditure), 2013 - 2020f
Figure 46: Available income and household expenditure, 2008 - 2017f
Figure 1: Available income and household expenditure, 2008 - 2017f
Figure 2: GDP at current prices per capita, 2013 - 2018
Figure 3: GDP growth rate by quarter, 2016 - 2019
Figure 4: Monthly CPI fluctuation, 1/2015 –9 / 2019
Figure 5: Consumer confidence index, Q1 / 2014-Q1 / 2019
Chart 6: VND / USD exchange rate, 1 / 2013-9 / 2019
Figure 9: Production of cars in the world, 2013 - 2018
Figure 10: Structure of automobile production by vehicle type, 2018
Figure 11: Production structure by region, 2017
Figure 12: Automobile production structure by region, 2018
Figure 13: World automobile consumption by vehicle type, 2013 - 2018
Figure 14: 10 most sold models in the world, 2018
Figure 15: World automobile consumption, 2015 - 2018
Figure 16: Automobile consumption of countries of the ASEAN Automobile Association (AFF), 2018
Figure 17: Number of vehicles used in the world, 2012 - 2017
Figure 18: Vehicle use structure by region, 2017
Figure 19: Number of businesses, 2010-2017
Figure 20: Number of employees, 2010-2017
Figure 21: Revenue from automobile manufacturing and assembly activities, 2010-2017
Figure 22: Wholesale and retail sales of cars, 2010-2017
Figure 23: Vehicle consumption structure by business, 9M / 2019
Figure 24: Manufacturing and assembling cars in Vietnam, 2010-9T / 2019e
Figure 25: Production and assembly structure by vehicle type, 2011 - 9M / 2019e
Figure 26: Automobile consumption in Vietnam, 2010 - 9M / 2019
Figure 27: Consumption of cars by vehicle type, 1 / 2018-9 / 2019
Figure 28: Consumption volume by car origin, 1 / 2018-9 / 2019
Figure 29: Car ownership rate of less than 9 seats, some countries in the region, 2017
Figure 30: Number of cars per 100 households by urban - rural area, 2004 - 2016e
Figure 31: Top 10 best-selling cars in 9T / 2019e
Figure 32: Regional consumption structure of VAMA members, 9M / 2017-9T / 2019
Figure 32: Sales of cars by region, 9M / 2019
Figure 33: Vehicle consumption structure by business, 9M / 2018
Figure 34: Vehicle consumption structure by business, 9M / 2018
Figure 35: Import of complete units, 2011-9T / 2018
Figure 36: Import structure of cars by type, 9M / 2019
Figure 37: Import of complete units from some major countries, 9M / 2018 -9M / 2019
Figure 38: Import structure of CBU cars by country, 9M / 2019
Figure 39: Top market for importing over 2 billion cars into Vietnam, 2017
Figure 40: Vietnam automobile prices with other countries, 2017
Figure 41: Price of vehicles divided by cost structure incurred by consumers
Figure 42: Average income growth rate by age group, 2014-2018
Figure 43: Population pyramid, 2018
Figure 44: Outstanding loans for consumer, 2012-2018
Figure 45: Population structure by class stratification (expenditure), 2013 - 2020f
Figure 46: Available income and household expenditure, 2008 - 2017f
