localisation rate

Room for Vietnam to increase its localisation rate

June 28, 2024 | 12:51

Although Vietnam’s localisation rate has improved, more advances are required to attract further Japanese interests.

Policies needed to boost production linkage, localisation rate: insiders

April 10, 2023 | 09:42

Policies are needed to boost the number of domestic enterprises participating in the supply chain of multinational companies, and a boost is necessary in the localisation rate of the processing and manufacturing industry, which now remain modest, insiders said.

Low localisation rate hindering progress

March 16, 2023 | 11:00

A stronger supporting industry and focus on boosting localisation rates is deemed a prerequisite to help brands increase production and also reduce costs.

Local suppliers miss out on expansions

April 08, 2022 | 10:00

Vietnam continues to attract foreign enterprises, especially in the manufacturing sector. However, the country’s localisation rate remains low, rendering companies dependent on imports and leaving little room for domestically-created profits.

Hyundai asked to increase localisation rate to 40 per cent

February 26, 2019 | 20:52

Deputy Prime Minister Trinh Dinh Dung has asked South Korean carmaker Hyundai Motor Company to promote technology transfer to its local partners in Viet Nam and increase its localisation rate to a minimum of 40 per cent.