Toyota invests 9.3 billion baht in Vietnam

Thansettakij•Economy•19d ago

Reader Briefing

Toyota announces an additional investment of approximately 9.3 billion baht in Vietnam, sparking discussions on Thailand's role as a production hub.

•Toyota is investing over 283 million USD (approximately 9.3 billion baht) in Vietnam.
•Private sector sources state this is an expansion based on market size and costs, not a relocation from Thailand.
•Thailand is warned to focus on attracting new investment in the electric vehicle era.

•Toyota announced an additional investment in Vietnam valued at over 283 million USD or approximately 9.3 billion baht.
•The investment has drawn attention within the Thai automotive industry regarding Thailand's production base.
•Private sector sources informed Thansettakij that the investment should not be interpreted as a relocation of production from Thailand to Vietnam.
•Private sector sources stated the investment is an expansion of the production network based on changing market sizes and costs.
•Thailand remains important as a primary production base for Toyota.
•The private sector warned that Thailand's major challenge is maintaining new investment in the electric vehicle era.

Full article content is available on the original source.

Toyota(โตโยต้า)ℹ️

An automotive company investing over 283 million USD in Vietnam.

Thansettakij(ฐานเศรษฐกิจ)

The media outlet that received information from private sector industry sources.

Vietnam(เวียดนาม)ℹ️

The country where Toyota is increasing its investment.

Thailand(ไทย)ℹ️

A primary production base for Toyota that faces challenges in the electric vehicle era.