Could tungsten mines be the springboard for Vietnam’s auto industry? VietNamNet Bridge - Increasing the localization ratio and reducing production costs are vital issues for Vietnam’s automobile industry. As Vietnam is one of the worlds’s largest tungsten producers, it could be material that could help revive the auto industry. The auto production cost in Vietnam is 10-20 percent higher than in Thailand and Indonesia because of the high number of imported car parts. Vietnam’s automobile industry, after 20 years of development, still cannot reach the targeted localization ratio.

Source: VietNamNet News April 18, 2018 00:33 UTC