CBU (complete built unit) imports have been flooding the Vietnamese market while domestic factories have cut output, raising concerns among car part manufacturers that they may lose jobs.

Vietnam's automobile market is expected to set a new sales record this year with sales of the Vietnam Automobile Manufacturer Association (VAMA) members and TC Motors averaging nearly 32,000 cars each month in January-September.

VietNamNet Bridge - Vietnam’s automobile industry needs support from government to reduce production costs and become a player in the regional automobile market, experts say.

Foreign-invested auto companies in Vietnam are stopping domestic production and shifting to importing cars to sell in the market.

VietNamNet Bridge - Mercedes, Ford, Audi, Porsche and BMW auto manufacturers have been expanding their distribution networks in Vietnam in recent months.

Thaco, a 100 percent Vietnamese automobile manufacturer, has begun exporting spare bus parts to Russia, but experts have warned that it will have to compete with Chinese enterprises.

VietNamNet Bridge - While complaining about difficulties, foreign automobile manufacturers still could reap fruit in 2015. Despite big problems, they still want to cooperate with Vietnam’s automobile industry.

VietNamNet Bridge - The Trans Pacific Partnership Agreement (TPP) brings a ray of hope to the Vietnam’s automobile industry.

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Luxury car brand owners have been trying to expand their distribution networks in Vietnam, which means that they believe in the prosperity of the market in 2013.