TY - BOOK ID - 46267015 TI - Vietnam's industrialization ambitions : the case of Vingroup and the automotive industry AU - Le, Hong Hiep AU - ISEAS-Yusof Ishak Institute PY - 2019 SN - 9814843423 9814843415 PB - Singapore : ISEAS-Yusof Ishak Institute, DB - UniCat KW - Industrialization KW - Automobile industry and trade KW - Conglomerate corporations KW - Chaebols KW - Conglomerate mergers KW - Conglomerates (Corporations) KW - Corporations, Conglomerate KW - Keiretsu KW - Mergers, Conglomerate KW - Consolidation and merger of corporations KW - Corporations KW - Industrial concentration KW - Competition KW - Automotive industry KW - Motor vehicle industry KW - Wirtschaftspolitik KW - Politische Wissenschaft KW - Kraftfahrzeugindustrie KW - Fallstudie KW - Industrialization. KW - Conglomerate corporations. KW - Automobile industry and trade. KW - Vingroup. KW - Vietnam KW - Vietnam. KW - Industrial development KW - Economic development KW - Economic policy KW - Deindustrialization KW - Einzelfallanalyse KW - Einzelfalldiagnose KW - Einzelfallstudie KW - Case study KW - Fallanalyse KW - Psychologische Diagnostik KW - Autoindustrie KW - Automobilindustrie KW - Kraftfahrzeug KW - Kfz-Industrie KW - Fahrzeugindustrie KW - Kraftfahrzeugwirtschaft KW - Politikwissenschaft KW - Politologie KW - Politische Soziologie KW - Volkswirtschaftspolitik KW - Allgemeine Wirtschaftspolitik KW - Politik KW - Industrie KW - Betʻŭnam KW - Biet Nam KW - Bietnam KW - Biyetnan KW - Chính phủ nước Cộng hòa xã hội chủ nghĩa Việt Nam KW - Cộng hòa xã hội chủ nghĩa Việt Nam KW - Fītnām KW - Fiyatnām KW - I͡Uzhnyĭ Vʹetnam KW - National Republic of Vietnam KW - Nước Cộng hòa xã hội chủ nghĩa Việt Nam KW - Petʻŭnam KW - Republica Socialista de Vietnam KW - Rèpublica socialista du Viêt Nam KW - République socialiste du Vietnam KW - RSV KW - RSVN KW - S.R.V. KW - Satsyi͡alistychnai͡a Rėspublika V'etnam KW - Socialist Republic of Viet Nam KW - Socialist Republic of Vietnam KW - Sosialistiese Republiek Viëtnam KW - Sot͡sialisticheska republika Vietnam KW - Sot͡sialisticheskai͡a Respublika Vʹetnam KW - SRV KW - SRVN KW - Vʹet-Nam KW - Vʹetnam KW - Viet-Nam KW - Vijetnam KW - Vītnām KW - Vīyitnām KW - Vjetnamio KW - Vyetnam KW - Vyetnam Sosialist Respublikası KW - Wietnam KW - Yüeh-nan KW - Vietnam (Democratic Republic) KW - Vietnam (Republic) KW - Việt-Nam KW - Sozialistische Republik Vietnam KW - République Socialiste du Vietnam KW - Socialističeskaja Respublika V'etnam KW - V'et-Nam KW - Công-Hòa-Xã-Hôi-Chu-Nghĩa-Viêt-Nam KW - Nuóc-Công-Hòa-Xã-Hôi-Chu-Nghĩa-Viêt-Nam KW - Vietnamesen KW - Nordvietnam KW - Südvietnam KW - -1954 KW - 02.07.1976 KW - -Automobile industry and trade UR - https://www.unicat.be/uniCat?func=search&query=sysid:46267015 AB - Vietnam 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. ER -