Vietnam aluminum products in the automotive industry

20/04/2022
Vietnam's auto industry has developed very rapidly in recent years. Auto parts manufacturing and assembly enterprises are gradually asserting their role and position in the domestic automobile market.
Autonomous car manufacturing enterprise in Vietnam
Vietnam's auto industry has developed very rapidly in recent years. Auto parts manufacturing and assembly enterprises are gradually asserting their role and position in the domestic automobile market.
 
The localization rate in automobile production has shown positive signs
Vietnam's automobile manufacturing industry began to form and develop 20 years ago, about 30 years later than other countries in Asia. However, the localization rate in this field has appeared many positive signals.
 
According to the Ministry of Industry and Trade, the number of cars produced in Vietnam in the past two years has increased rapidly. In particular, in 2020, the domestic market may surpass the Philippines (the country with the 4th largest car output in Southeast Asia) in both production and sales.
 
The Ministry of Industry and Trade also revealed that Vietnam currently has over 40 enterprises operating in the field of automobile assembly and manufacturing. According to data from the Vietnam Register, the output of domestically manufactured and assembled cars increased from 287,586 vehicles (in 2018) to 323,892 vehicles (in 2020).
 
Many Vietnamese enterprises have actively participated in the automobile production chain with a total assembly capacity of up to: 755,000 vehicles/year (of which, 35% are from the foreign-invested sector and 65% of enterprises). domestic industry).

Vietnam aluminum products in the automotive industry

Opportunities for the aluminum industry in Vietnam
With an increasing degree of autonomy in the domestic automobile manufacturing industry, manufacturers of aluminum components in automobiles in Vietnam are facing a huge opportunity to upgrade their brands, skills, and technology. This is both an opportunity and a challenge, however, with the right support and guidance of the Vietnamese Party and State, Vietnamese aluminum manufacturers are gradually moving towards international and export to the oversea market.
 
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