Released on: January 24, 2008, 3:25 am

Press Release Author: Shushmul Maheshwari

Industry: Automotive

Press Release Summary: RNCOS, the leading market research company, has released a
report “Vietnam Automobile Industry Forecast (2007-2010)” that
highlights the present scenario of Vietnam automobile in context of the South-East
Asia automobile industry.

Press Release Body: RNCOS, the leading market research company, has released a
report “Vietnam Automobile Industry Forecast (2007-2010)” that
highlights the present scenario of Vietnam automobile in context of the South-East
Asia automobile industry. The Vietnam automobile industry’s production, sales,
and import statistics have been covered to figure out the past and future trends,
supplemented with forecasting of overall automobiles sales by segment, where
motorcycle segment is taken separately due to its large size. The report has
rationally analyzed the key driving factors, opportunities, and challenges for the
Vietnam automobile industry.

Vietnam Automobile Industry

Worldwide automobile industry is growing at a rapid pace as many countries are going
through the phase of economic development. And the same scenario is applicable for
Vietnam too in South-East Asia.

Vietnam automobile industry was loosing track till 2005 but it recovered in the year
2006 and posted a good growth rate in South-East Asian countries. Changing lifestyle
and rising spending in automobile-related parts in Vietnam has propelled the growth
of automobile industry in the country. Apart from that, Vietnam’s entry to WTO
has made the conditions favorable for foreign manufactures as the Vietnamese
government has reduced the auto-component import tax in 2006. Though Vietnam was
more of a motorcycle-oriented country in past years, its passenger car segment
witnessed a good growth after Vietnam joined WTO. Rising income and flexible bank
loan structure has incited the growth in passenger car segment.

Increased disposable income has increased the purchasing power of Vietnamese and
flexible car loan is considered to be a good supporter of passenger car sales in
future (2007-2010). Till 2006, spending on buses, coaches, and taxis had increased
and it is showing high demand for road transportation. In this scenario, cost
effective and low cost passenger cars may see a healthy future ahead.

Key Issues and Facts Analyzed

- What was the automobile sales trend in past in Vietnam automobile industry and how
will the industry march ahead in future?
- Which factors are thrusting the Vietnam automobile industry?
- What are the opportunities and challenges for the automobile manufacturers in
Vietnam?

Research Methodology Used

Information Sources

The information has been taken from authentic and reliable sources like books,
newspapers, trade journals, and white papers, industry portals, government agencies,
trade associations, monitoring industry news and developments, and access to more
than 3000 paid databases.

Analysis Method

Methods like historical trend analysis, linear regression analysis using software
tools, judgmental forecasting, and cause and effect analysis have been used in the
report for rational analysis.

About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today\'s globally competitive environment.

For more information visit: http://www.rncos.com/Report/IM559.htm
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