DUBLIN--(BUSINESS WIRE)--Research and Markets(http://www.researchandmarkets.com/research/95db5a/strategic_analysis) has announced the addition of Frost & Sullivan's new report "Strategic Analysis of Passenger Vehicles Market in Vietnam - 2011" to their offering.
This research service covers in detail the passenger vehicle market in Vietnam. It covers Vietnam's macro economic indicators and demographic overview, mobility trends, market drivers and restraints, structure of Vietnam Automotive industry, automotive cluster in Vietnam that includes OEMs, tier 1, tier 2 suppliers. This research service also includes in detail Automotive recap 2009, automotive market outlook, OEM and supplier profiles, price positioning of different segment vehicles and their volume sales in 2009. Vietnam macro economic indicators include population, GDP growth, interest rates, exchange rates, population indicators. Vietnam's Automotive Master Plan Aims to Develop the Road Transport Network and Make the Automotive Industry an Important One By 2020
Rising Economic Growth and Limited Car Ownership Strengthen Growth of Passenger Vehicles Market in Vietnam despite High Prices
Consistent national economic growth, since 2006, is making the Vietnamese vehicle market increasingly attractive for investment. High per capita income has led to an increase in disposable income and purchasing power for the rising middle-aged population group, which is expected to opt for newer vehicles. About 46.7 per cent of Vietnam's population is in the car buying age group and considerable passenger vehicle sales can be expected at suitable price points, notes the analyst of this research service.
The automotive industry in Vietnam enjoys preferential treatment from the Government, which imposed high tariffs and import duties on imported cars and components that could be produced domestically, giving the locally assembled products a tremendous price advantage. Yet, the entry of international luxury car brands created an impressive growth in the luxury car market in the last few years. The total automotive sales is expected to grow by 3.5 per cent in 2011 to reach 116, 152 units, as the market recovers along with the country's economy. Passenger vehicles will continue to be the most popular segment in 2011 with sales of around 59, 237 units. However, the consumers in Vietnam are expected to show a higher preference for smaller fuel-efficient cars.
Companies Mentioned:
- Toyota Motor Vietnam Co. Ltd.
- Truong Hai Joint Stock Company
- Vietnam-GM Daewoo
- Ford Vietnam Co., Limited
- Denso Manufacturing Vietnam Co., Ltd
- Robert Bosch Vietnam Co. Ltd
- Sumiden Vietnam Automotive Wire Co., Ltd.
For more information visit http://www.researchandmarkets.com/research/95db5a/strategic_analysis