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Independent 5 year Automotive industry forecasts for Vietnam.
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Original Automotive market research and Automotive sector trend analysis for the Vietnam Automotive industry.
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Competitive intelligence, Vietnamese Automotive company rankings and SWOT analyses on international and domestic Automotive companies in Vietnam .

The Vietnam Automotives Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end- ; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

Business Monitor International’s Vietnamese Automotives Report provides industry professionals and strategists, corporate analysts, auto associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the Vietnamese automotives market.

Key Benefits of Report

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Benchmark BMI’s independent 5-year Automotives Industry forecasts on Vietnam to test other views – a key input for successful budgetary and planning in the Vietnamese Automotives market.
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Target Business Opportunities & Risks in the Vietnamese Automotives sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Vietnam .
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Exploit the Latest Competitive Vietnamese Automotives Intelligence & company SWOTS on your competitors and peers through company rankings by production, sales, market share and ownership structure – includes multi national and national companies in Vietnam .

Coverage

Executive Summary & Swot Analysis

Summary of BMI’s key industry forecasts and trend analysis, and commentary on key company and industry headline events. Collection of SWOT studies on local automotives market, economy and business environment.

Regional Overview

Cross-border analysis on the structure, size and value of the automotives sector, including comparative historical data and forecasts on the region’s sales and production figures.

Business Environment Rankings

Comparative guide to the region’s business environment, ranking of the regional markets by CBU Output Growth, Vehicle Penetration Potential, Regulation, Market Competition, Economics Risk and Politics Risk. The rankings table provides BMI’s view on the competitiveness of the regional markets.

Market Overview

Outlook of local market, commenting on its structure, size and value.

BMI 5-Year Industry Forecast

Historic data series and 5-year forecasts to end- for all key industry indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including: Total production value (US$bn); total production of units; production by vehicle-type, including cars, commercial vehicles, trucks and buses; total sales value (US$bn); sales by vehicle-type, including passenger cars and commercial vehicles (vans and microbuses, pickups, trucks and buses, 4 wheel drive); total exports by value (US$bn) and by units; total imports by value (US$bn) and by units; contribution to GDP; employment in industry.

BMI 5-Year Macroeconomic Forecast

BMI forecasts for all headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt.

Competitive Landscape

Comparative company analyses and rankings by production, sales, % market share, employees, registration date and ownership structure.

Company Profiles & SWOTS

Company profiles, including SWOT (Strengths, Weaknesses, Opportunities & Threats)analyses, fully researched senior executives and full contact details, business activity, leading products and services.

Executive Summary

Vietnam’s autos industry continues to feel the effects of new taxation policies, which according to BMI, will see new vehicle sales finishing 2009 down by around 20%. Sales for March spiked as consumers rushed to avoid the higher rates of Special Consumption Tax (SCT) introduced on April 1, with the larger vehicle segments that carry the highest rates registering the strongest growth. The sports utility vehicle (SUV)/multi-purpose vehicle (MPV) segment grew by 53% in the month while brands specialising in the segment, such as Toyota Motor and Mitsubishi Motors (MMC) posted positive sales growth of 13% and 60%, respectively. These results were not enough to rescue total Q109 sales, however, which fell by 36%. The slide was led by a 54% drop in commercial vehicle sales from the same period last year.

It is now looking even less likely that the government’s output target for the industry of 240,000 units by 2010 will be achieved. BMI has lowered its production forecast as the target now looks unattainable given the current levels. We expect output of just over 100,000 units when our forecast period closes at end-2013. There are increased incentives for domestic producers, however, as the government slashed the import tax rate on parts and engines in March. The move has already attracted Ford Motor to invest US$10mn in a new assembly line for its Mondeo sedan. According to the Vi?t Nam News (VNS), the new facility will have the capacity to manufacture 32 cars daily or 700 a month.

Vietnam remains in 10th place in BMI’s Business Environment Ratings for the autos industry in the Asia Pacific, impeded by the low scores for its Country Structure, which add to the Risks to Potential Returns. However, the market does score highly for its growth potential as sales are still at a low base, while there is still the potential to significantly raise the industry’s production capacity. If the market could attain some stability in terms of its taxation policy, allowing the industry to remain on track to achieve the government’s targets, we would expect to see Vietnam climb the rankings.

Through strong MPV and SUV performances on the back of the rush to avoid higher taxes for these segments, Toyota retained market leadership in March and Q1 with growth of 13% and a fall of 5% y-oy, respectively. Hyundai representative Vinamotor took second place with a 26% drop to 1,739 units, while another Hyundai affiliate, Kia Motors, represented by Truong Hai Auto, ranked third with a 23% fall to 1,677 units. Ford was second with a 24% drop to 2,250 while Honda Motor rounded out the top three with a 40% drop to 1,525.

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