LEADER 03568nam 22005292 450 001 9910793468803321 005 20200211111956.0 010 $a981-4843-42-3 024 7 $a10.1355/9789814843423 035 $a(CKB)4100000007816417 035 $a(MiAaPQ)EBC5739503 035 $a(OCoLC)1136442943 035 $a(MdBmJHUP)muse82713 035 $a(UkCbUP)CR9789814843423 035 $a(DE-B1597)522801 035 $a(OCoLC)1091007545 035 $a(DE-B1597)9789814843423 035 $a(Au-PeEL)EBL5739503 035 $a(EXLCZ)994100000007816417 100 $a20191218d2019|||| uy| 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aVietnam's industrialization ambitions $ethe case of Vingroup and the automotive industry /$fHong Hiep Le$b[electronic resource] 210 1$aSingapore :$cISEAS-Yusof Ishak Institute,$d2019. 215 $a1 online resource (19 pages) $cdigital, PDF file(s) 225 1 $aTrends in Southeast Asia ;$v2019 no. 2 300 $aTitle from publisher's bibliographic system (viewed on 27 Jan 2020). 311 $a981-4843-41-5 327 $tFrontmatter -- $tForeword -- $tVietnam's Industrialization Ambitions: The Case of Vingroup and the Automotive Industry 330 $aVietnam has officially admitted its failure to achieve industrialized economy status by 2020. This failure is partly due to its inability to grow a strong local manufacturing base and develop key strategic industries. The participation of Vingroup, the country's largest private conglomerate, in the automotive industry has sparked new hopes for Vietnam's industrialization drive. The company, through its subsidiary Vinfast, aims to become a leading automaker in Southeast Asia with an annual capacity of 500,000 units and a localization ratio of 60 per cent by 2025. Challenges that Vinfast faces include its unproven track record in the industry; the limited size of the national car market; the lack of infrastructure to support car usage in Vietnam; the intense competition from foreign brands; and its initial reliance on imported technologies and know-hows. However, Vinfast enjoys certain advantages in the domestic market, including the large potential of the Vietnamese automotive market; its freedom as a new automaker to define its business strategies without having to deal with legacy issues; Vingroup's sound business and financial performance and its ecosystem; strong support from the Vietnamese government; and nationalist sentiments that will encourage certain Vietnamese customers to choose its products. If Vinfast is successful, it will boost Vietnam's GDP growth and reinvent the country's automotive industry. Its success will also contribute significantly to the realization of Vietnam's industrialization ambitions and bring private actors into the centre stage of the economy. If the company fails, however, it will cause considerable problems for both Vingroup and the Vietnamese economy. 410 0$aTrends in Southeast Asia ;$v2019 no. 2. 606 $aAutomobile industry and trade$zVietnam 606 $aIndustrialization$zVietnam 615 0$aAutomobile industry and trade 615 0$aIndustrialization 676 $a338.47629209597 700 $aLe$b Hong Hiep$01524004 712 02$aISEAS-Yusof Ishak Institute, 801 0$bUkCbUP 801 1$bUkCbUP 906 $aBOOK 912 $a9910793468803321 996 $aVietnam's industrialization ambitions$93857237 997 $aUNINA