ID :
20275
Sat, 09/20/2008 - 09:03
Auther :
Shortlink :
http://m.oananews.org//node/20275
The shortlink copeid
German consulting company hails Vietnam's car market
Berlin (VNA) - With a population of over 80 million people, Vietnam is an attractive market in the ASEAN region, said Globis GmnH, a German research and consulting company, in a report introducing the Vietnamese passenger car market.
Notwithstanding the low average income and the very high car prices, the passenger car market is booming since 2007, when new registrations doubled, the report said, adding that both locally assembled and imported cars are in high demand.
According to the report, with more liberal regulations, the car market in
Vietnam might grow much faster than Globis' estimate of 17%.
With further opening of the local market, which will happen in line with
WTO and AFTA agreements, using Vietnam as a manufacturing base for
exports will be more feasible, it said.
The report, contains 79 pages, was compiled in the period from March 2008
to July 2008.
Globis is a Berlin-based consulting company with broad international
coverage regarding strategy development, especially entry strategies into
new markets.-Enditem
Notwithstanding the low average income and the very high car prices, the passenger car market is booming since 2007, when new registrations doubled, the report said, adding that both locally assembled and imported cars are in high demand.
According to the report, with more liberal regulations, the car market in
Vietnam might grow much faster than Globis' estimate of 17%.
With further opening of the local market, which will happen in line with
WTO and AFTA agreements, using Vietnam as a manufacturing base for
exports will be more feasible, it said.
The report, contains 79 pages, was compiled in the period from March 2008
to July 2008.
Globis is a Berlin-based consulting company with broad international
coverage regarding strategy development, especially entry strategies into
new markets.-Enditem
