Malaysia and China appeal to carmakers in Asia

In the recent Fitch Solutions Risk or Incentives Update (RRI) update, Malaysia leads the RRI index in Asia with 71.2 points, followed by China with 69.2 points. .

On November 4, Fitch Solutions (the macro research unit of Fitch Group financial services group) rated Malaysia and China as the leading countries in the list of the most attractive places for the automobile industry. in the area.

In the recent Fitch Solutions Risk or Incentives Update (RRI) update, Malaysia leads the RRI index in Asia with 71.2 points, followed by China with 69.2 points. .

Meanwhile, Thailand, from the top position in the region, has dropped to the third position in Asia with RRI reaching only 69 points due to the size of the workforce in the automobile industry.

According to Fitch Solutions, Asia has generally maintained its position as the most attractive region in the world to start or maintain automobile manufacturing operations; second place belongs to Europe. The Fitch Solutions report also highlighted that Thailand, Malaysia, China and India are the countries with the most attractive incentives for carmakers looking to invest or maintain their operations. made in Asia.

In particular, Japan is the only developed market in Asia among the top five most attractive countries in the region in terms of potential incentives.

Talking about the advantages, first to mention the cheap initial purchase price, the car is equipped with many options, when broken spare parts available, cheap spare parts prices are also cheap. Talking about the disadvantages of buying Chinese cars, most buyers are psychologically prepared for the risk, it is normal for the car to suddenly fail in the middle of the road. But there is a big difference here, bet on the safety of yourself and your family when the car has a problem on the road. Cars are not like motorcycles, broken down then need to go to repair that crane (crane costs are not less). Although the rescue cost is not high, a few times it will not be low at all.

Spare parts are cheap, but the replacement is not cheap, a few times they do not see, but adding them seven times is different. In particular, the car does not have to take into the garage to get it always, need to prepare mentally is to ride a motorcycle instead of waiting for repair.

It is also advisable to understand the culture of Chinese product trading in the Vietnamese market. Chinese products in Vietnam market are not important to brand reputation, so there is no guarantee of quality. With the business mindset of immediate profits, selling is done, "bringing the children to the market" so there is nothing to guarantee the quality of Chinese products.

The "trap" strategy of the manufacturer, in a good or bad shipment, there are buyers of Chinese products that are used indefinitely, but that shipment can be bought several times by buyers. Suffering one thing is that the number is worse than good. Buying Chinese products is all about luck and risk is always more than luck.

The price is cheap, of course, it is impossible to ask for quality, so products often sell spare parts and components - higher profits than selling the main product. In terms of not promoting the interests of customers, one can be exemplified by the Chinese phones installed to track customer use.