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Revenue and profitability of Toyota Vietnam in 2012-2015
more than 20 years of development in Vietnam, Toyota has made many contributions to the economy of Vietnam. Until now car makers sold a total of 305,799 units. From 11 employees in its early days, so far the number of officers and employees of the company have more than 1,900 people and more than 6,000 employees working in 41 dealer system - branches and authorized service stations Toyota extends to all over the country. Toyota's current chartered capital of over 49 million.
However, the Japanese giant has repeatedly sent messages to move factories from Vietnam without a development policy justified.
Share at a press conference between 2015, Mr. Yoshihisa Maruta, General Manager Toyota Vietnam, said the company is still undecided before deciding to assemble, manufacture or import of CBU cars when import tariffs from ASEAN countries fell to 0% in 2018. the reason given is because Vietnam has no specific plans after the overall strategy of developing Vietnam's automobile industry till 2020 and vision to 2030 was adopted in 2018 when the moment no longer how often.
Le Thuy Trung, deputy director of the Department of Economy and Industry, the Ministry of Planning and Investment said that the proportion of imported vehicles and spare parts in Vietnam is very high, pushed higher car prices in Vietnam 2-3 times the price of the car in other countries. Domestic manufacturers have threatened to withdraw and move to commercial. But the most important thing is that the assembly has a large gain in Vietnam. High car prices, they are not so foolish that they pulled out of Vietnam at all.
Early in 2016, the company has reiterated the need for state policies aimed at strengthening and development of auxiliary industries, and industry Vietnam automobile industry to create better conditions for the market to continue to grow.
in fact despite huge profits in Vietnam, but the rate of localization of Toyota remained low.
at the time of 1997, the market size only at 6,000 vehicles a year, Toyota holds 22% market share to around 1,200 vehicles, sold every day only from 3 to 4 cars. So then, General Director of Toyota Vietnam, said that the localization is a concept of luxury. Because want to localization, the system must have a supply of spare parts. But there is no genuine parts leave any large funds to invest in the production line only to supply components Toyota every day 3-4, the carrier will not be able to achieve business efficiency.
However, so far as sales car sales have increased 50 times, the localization rate of Toyota though also gradually be raised, but also at only 19 to 37% depending on the vehicle. According to the method of determining the value of ASEAN. By 2015, the total number of product localization for all Toyota vehicles has reached over 270 kinds of products.
Speaking about the prospects of the automobile industry in Vietnam, said VEAM than countries gender, Vietnam participating automobile assembly industry relatively late. Although there have been many encouraging policies developed to become the spearhead automobile in the process of industrialization and modernization of the country, so far, we can say Vietnam automobile industry's only standard elves giant manufacturers have outstanding reputation with auto industry history long.
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