Today, Vietnam has a very impressive car manufacturing industry that has thrive in over many years, not like in the Philippines, our car manufacturing has been pegged to a level dependent on foreign investors automakers.
At the Moment, there are about six manufacturing giants operating in Vietnam that has started since the 90's that brought it's economy to a better position of its economy.
GM, ISUZU, THAKU, VINAXUKI, SAIGON MECHANICAL, MEKONG are those that had made it good for the industry in Vietnam.
We know that an economy is given good condition through industrialized condition via car manufacturing.
Considering that auto parts are made of about 30,000 pieces, it would then equate to the same as 30,000 small manufactureres of parts that makes a good economy for a country.
In Vietnam, with about six major manufacturing brands and makers, this would increase and spur trade ande commerce for the country.
The Jeepney and Bus Modernization in the Philippines is a good question at the moment. Why can't the government enter the industry for the benefit of the modernization and keeping foreign reserves at bay and increase trade and commercial activity in the country?
The situation n where the government would want to modernize our mass transportation is very timely to enact car industry and manufacturing in the country.
The program can be a very good reason to modernize our economy, and industrialize it for this matter.
Technology transfer is not a problem to today's generation where the government can take into partnership with a foreign brand, and in agreement would be technology transfer.
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