Vietnam aims to produce 227,000 units of automobiles and become asupplier of spare parts and high-value items in the world automobileproduction chain by 2020.

This is part of the goals under amaster plan on Vietnam’s automobile industry development by 2020, with avision up to 2030 recently approved by the Prime Minister.

Under the plan, nine-seat cars will make up 60 percent of the totalproduction by 2020 and 70 percent by 2030. Those with more than 10seaters will account for 90 percent and 92 percent by 2020 and 2030,respectively.

By 2020, trucks and special-purpose automobileswill make up 78 percent and 15 percent. As many as 20,000 will be madefor export while spare parts exporters are expected to bring home 4billion USD at this time.

Support industry for automobilemanufacturing will satisfy 30-40 percent of home demand. By 2025 and2030, the figure will be 45 and 50 percent.

To achieve thegoals, the government will make it easier for industry players to accesspreferential credit and incentives, especially manufacturers ofeco-friendly automobiles.

It will also encourage the public use by offering the lowest taxes on 16-24 seat coaches.

Vehicles of nine seats and more will be subject to maximum taxeswhile models with an engine capacity of more than three litres will facehigh environment fees.-VNA