July of 2004 marked an important progress in development history of Toyota Motor Vietnam as it launched the 1st Auto Parts Export Center in Vietnam. By exporting auto parts to countries in Toyota’s global production network, Toyota Motor Vietnam has set targets for the active & effective contribution to development of the Vietnam economy, especially of the auto industry.
Export auto parts to countries in the Toyota’s global production network
Having located in the area of over 7.000m2 in the Toyota Motor Vietnam factory, main export parts of the center include: antenna, exhausted gas recycle valves, acceleration pedals, which are exported to other countries under the Toyota global IMV (Innovative Multi-purpose Vehicle) project. These parts are also used for Yaris, Vios, Corolla Altis and Hiace. Since the establishment of over 10 years, currently, all parts have been exported to 13 countries including: Thailand, Indonesia, the Philippines, Malaysia, India, Argentina, South Africa, Venezuela, Pakistan, Taiwan, Brazil, Egypt and Kazakstan.
The annual export turnover of Toyota Motor Vietnam has achieved 20 million USD per year. In 2014 only, the export turnover of Toyota Motor Vietnam achieved over 40 million USD – the highest ever record, which increased the accumulated export turnover up to 286 million USD.
The export turnover of Toyota Motor Vietnam year by year (unit: USD)
By expanding a wide export market, Toyota Motor Vietnam has pioneered a new way for development of Vietnam’s auto parts industry - towards exportation.