Localization strategy:Thanks to the activity of the Stamping factory in 2013 and the automotive parts exports in 2007, as well as promote activities to enhance the localization at the plant, TMV became automobile manufacturers have high localization rates for Vietnam, reaching from 19% to 37% depending on the car model (according to the method of calculating the value of ASEAN). We at TMV are assembled 5 car model in Vietnam including: Camry, Corolla, Vios, Innova and Fortuner. All model car on localization rates are high. In particular, the effort brought Chassis Factory in Vietnam first came into operation in September of 2008, the rate of localization of Innova has reached 37%.Besides, to promote the industry, along with the incessant search for the parts suppliers in the country, TMV has call-successful effort the company provides automotive parts Division of Toyota's investment in Vietnam such as Denso, Toyota Boshoku Hai Phong, Toyota Gosei Haiphong ... to cater for domestic production as well as exports of automotive parts in full the bridge.At the plant, TMV also produced, fabricated components, spare right at the TMV as: chassis, oil Pipes, exhaust ... Currently, TMV constantly research still to put more of the details on the manufacture, fabrication plant at TMV, contribute to improving the rate of localization of the company and contributed to the development of automobile industry in Vietnam.With desire together and create favorable conditions for the cooperation with potential suppliers, in April 2009, TMV has opened the Center for localization right at the company headquarters in Vinh Phuc for showcasing automotive parts, components have potential localization with many different materials. On the basis that, in setting visual properties and localization products will be enhanced, making it easy in the calculation and research of domestic production for the supplier. Currently, TMV keeps researching and finding more domestic suppliers in order to improve the rate of localization for the company's products in particular and contribute to the development of the automobile industry in Vietnam in General.
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