Ô tô Thế giới

Công ty ô tô Thế giới ; World Auto Co., Ltd.
legal form	Công ty cổ phần (~ AG )
founding	2006
Seat	Ho Chi Minh City , Vietnam;
Branch	Automobile assembly and trade
Website	www.worldauto.com.vn

The Công ty ô tô Thế giới , in English World Auto Co., Ltd. ( Weltauto ), is the official general importer for automobiles of the German brand Volkswagen in Vietnam . The company, which was founded in 2006 and is listed on the stock exchange, has its headquarters in Ho Chi Minh City and supplies five authorized dealers. Since September 2007, the company has also been involved in a joint venture with the companies Công ty Vinashin và Sản xuất Thương mại and Công ty Vinashin Nghiệp tàu thủy Việt Nam Tổng công as a fitter for motor vehicles and represents the side of Volkswagen AG itself . The assembly hall covers an area of 100 hectares and is one of three companies in the Vinashin-Shinec industrial area in Hải Phong, which was established in September 2006 . Investors from a total of five countries, including Japan , South Korea , the Netherlands and Sweden , provided a sum of 120 million US dollars for the construction of the plant . The last contracts for the joint venture were signed in April of the following year.

In September 2009, three years after the start of construction, work began on the assembly plant. The Volkswagen Tiguan was the first model to be assembled here . The parts assembly of the Volkswagen New Beetle that was discontinued in Mexico and is exported from here has also been carried out here since September . In plans to tackle rival Toyota , which is successful in Asia , General Works Council Chairman Bernd Osterloh and CEO Martin Winterkorn have been examining possible locations for possible production of the Volkswagen Amarok in Southeast Asia since September 2010 . From 200,000 Amarok units are to be produced annually. Local competitors are mainly the Toyota Hi-Lux and the Isuzu D-Max . Whether the model will be manufactured in Vietnam or by Suzuki in Thailand is still controversial, as market observers for the Thai pick-up market are reporting declining registration numbers due to government tax breaks for micro and small cars.

With the current automotive assembly of VW in the ASEAN -space, which includes not only the resident also in Vietnam Công ty trach Nhiem Hữu hạn Liên-A Quốc tế the Garuda Mataram Motor, PT. in Indonesia and the soon to start production at HICOM Automotive Manufacturers (Malaysia) Sdn. Bhd. in Malaysia is counted, Volkswagen's market share is expected to be 0.2 percent over the next few years. Toyota, on the other hand, already covers a contingent of 33 percent in the ASEAN countries, making it the market leader. In order to settle in the middle class, assembly of the Volkswagen Passat is to begin in Vietnam from January 2011, which will compete with the Toyota Camry and the Toyota Corolla Altis . At the same time, the Volkswagen Lavida is to be imported, which will compete with the Toyota Vios .