“We hope that more Chinese companies will invest in Vietnam to set up factories and produce automotive parts and components, and Vietnam will provide more preferential taxation, land, etc.†The second China-ASEAN (Liuzhou) automobile construction machinery was held in Liuzhou in late September. At the Parts & Components Expo, Wu Wenzhou, deputy director of the Heavy Industry Department of Vietnam’s Ministry of Industry and Trade, said that.
According to statistics, Vietnam currently has an average of 2 cars per 100 people and has a low per capita car ownership. Vietnam plans to have 50 cars per 1,000 people by 2020. At present, Vietnam is vigorously developing infrastructure such as roads and bridges, and Vietnam’s per capita GDP is also growing rapidly, which will further stimulate the consumer market in Vietnam. Chinese auto companies will invest in Vietnam in a timely manner and will have very broad prospects for development.
Cambodia is equally optimistic about the potential of Chinese auto companies in ASEAN. Minister of State Affairs and Commerce of Cambodia accounted for Pulasi that Liuzhou’s sales of construction machinery, automobiles and other products are very popular in Cambodia. As Cambodia and China are geographically similar, the political, economic and cultural exchanges between the two parties go back to ancient times. With the development of globalization, exchanges and contacts between China and Cambodia have been further strengthened, and economic exchanges have become more frequent. China's automobile and construction machinery products have a very good market in Cambodia, and strengthening cooperation is a general trend.
Look again at Indonesia and Malaysia. Indonesia is the third-largest auto market in the ASEAN region after Thailand and Malaysia, but it still belongs to countries with a very low auto ownership rate. The data shows that as of May 2012, Indonesia's car ownership amounted to 10.97 million, which was equivalent to 2.2 times that of 2000. The number of cars in Malaysia in 2011 was 9.54 million, an increase of 1.3 times from 2000. It is estimated that by 2020, Indonesia will reach 20 million vehicles, an increase of 90% over 2011; while Malaysian vehicle ownership will increase by 97% to 18.8 million vehicles.
Statistics from the China Association of Automobile Manufacturers show that from January to August this year, domestic auto exports reached 675,400 units, an increase of 25.1% over the same period of the previous year. In the second half of last year, since the auto industry has been in a slump, the rapid growth of exports has undoubtedly added a bright light to the development of the Chinese auto industry.
With the gradual increase of per capita income level, ASEAN countries have begun to enter the new stage of automobile consumption, and the market potential is huge. Chinese enterprises should consider more ASEAN countries with similar geopolitical links, high cultural complementarity and high industrial complementarity in the “going global†development process. market.
At the same time, ASEAN is currently implementing the "Overall Plan for ASEAN Interconnection and Interoperability" with a view to achieving the ASEAN Economic Community in 2015. The improvement of traffic conditions has made ASEAN's demand for automobiles more and more in the future, and the increased implementation of infrastructure has also brought about an increase in the demand for engineering vehicles. There is no doubt that the completion of China-ASEAN Free Trade Area and the exertion of geopolitical advantages will provide China with more opportunities to expand its auto industry into the ASEAN.
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