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COPYRIGHT 2006 Asia Pulse Pty Ltd
HANOI, Oct 31 Asia Pulse - Though Vietnam's automobile industry will face competition during integration, investors still believe the market for Vietnamese automobiles has a bright future.
"Vietnam is a good market for automobile manufacturers due to a high and stable economic growth rate, increasing per capita income and very low vehicle ownership ratio. There is only one automobile for every 120 people in Vietnam with a huge population of 83 million," representative of Vietnam Automobile Manufacturers' Association (VAMA), Nguyen Van Quy said opening...
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