a. Strengths: leading position in the automotive market Vietnam:
Since its founding, Toyota Vietnam has always focused on developing a comprehensive way on the following objectives: Success in business, Protection Environment, and Community Development. With the motto "Customer is first, high quality products and after-sales service perfect", TMV has always maintained its leading position in the automotive market in Vietnam. In 2007, sales of TMV has also reached record levels with 20,113 cars sold, up 36% compared to 2006, contributing to the cumulative sales of over 90,000 vehicles the company up. The company's car models introduced in recent years as Innova, Camry and Vios completely new customer has been received warmly and immediately became the model "hot" in the market. In particular, Toyota Innova vehicle record serial "best selling model" for the second year in a row with sales of 20,000 vehicles cumulative threshold.
Since "join" in the Vietnam market, Toyota is always protected make yourself a pioneering position and never yielding the largest market share in the hands of any other competitor. Along with the process of deeper and faster integration into the economy in a "flat world", has appeared more serious competitor both at home and abroad and obvious division "pie" automotive market Vietnam will become increasingly more difficult. Murakami asked him about how Toyota will hold the "pie" as the current largest, the CEO said TMV will continue to expand investment in Vietnam in order to enhance competitiveness, meet customers and promote local content
in 2007 is the year of Vietnam's automobile market made many best record ever, which Toyota Vietnam is probably the "giants" occupied many records with "phenomenon "Innova continues to impress with unmatched performance is achieved landmark sales of 20,000 units after nearly 2 years of launch. Toyota also confirmed its position as number one in nine consecutive years on the Vietnam automobile market with this year's car consumption of over 20,000 vehicles.
The effort and the success of TMV has been recognized with award bonuses and merit of the Government of Vietnam as well as many organizations.
Here are some typical prizes:
- 01/26/2008: Golden Dragon Award 2007 - 7th row since 2001
- 8 / 2006: Award "Outstanding Exporter 2006"
- 1/2006: Special Award for the company received the Golden Dragon Award 5 times in a row.
- 9/2005 Labor Medal and was awarded Third Place The reward is the first company to export achievements in 2004
b. Weaknesses: The flip side of the problem grew:
Toyota President has publicly acknowledged that the pace of rapid global growth of the Group is part of the cause of the problem of quality products in the near future here. Group 1 Automotive Japan has enhanced the quality management measures, while maintaining sales goals, despite many comments concerned about fluctuations in US financial markets will be affected negative to the automotive market.
There are many reasons behind the problem of the quality of corporate cars in recent times, since the pace of development, the process of designing, manufacturing, however, some problem was acknowledged that some problems, such as pressure of time, or lack of experts, comes from fast growth of corporations in recent years. Toyota President even mentioned the phenomenon of "big company disease" exists today, when Toyota ranked automobile manufacturer leading. From the moment in 2006 when a growing number of product recalls, Mr. Watanabe has repeatedly have apologized in the press conference in Japan. Overall, Mr. Watanabe was quite frank and honest in recognizing the challenges of Toyota in the process of expanding the market and expand the scale of production.
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