Impacts of COVID-19 on the Automotive Industry in Vietnam
This study aimed to determine the impact of COVID-19 on the automotive industry in Vietnam. Another objective was to promote some potential recovery scenarios after economic shocks. Finally, the study examined a solution to overcome COVID-19 and lead Vietnam’s automotive industry towards the “new...
| Main Authors: | , , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Universitas Indonesia
2023-07-01
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| Series: | International Journal of Technology |
| Subjects: | |
| Online Access: | https://ijtech.eng.ui.ac.id/article/view/6383 |
| Summary: | This study aimed to determine the impact of COVID-19 on the automotive
industry in Vietnam. Another objective was to promote some potential recovery
scenarios after economic shocks. Finally, the study examined a solution to
overcome COVID-19 and lead Vietnam’s automotive industry towards the “new
normal.” Qualitative research was used in conjunction with questionnaires and
document reviews to achieve the above objectives. In the qualitative stage,
in-depth interviews were conducted with 32 experts in the industrial sector to
explore the impact of COVID-19 on the automotive industry in Vietnam.
Structural Equation Modelling (SEM) with Partial Least Squares (PLS) and
Statistical Package for the Social Sciences (SPSS) were used to explore and
measure the impact of factors affecting the automotive industry with 620
respondents for a study regarding the industry that prevents the author from
having more actionable recommendations. The findings revealed that five
identified factors, which are business effects, supply chain and manufacturing,
response and imperatives, leadership, government, and regulatory intervention,
could be components of the impact of COVID-19 on the automotive industry in
Vietnam. Two recommendations that were pointed out include conducting the 4RE
Solution and applying the integration Block-chain leadership model to help
Vietnam overcome the crisis and take this pandemic as a chance to restructure
for a renewed automotive industry. |
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| ISSN: | 2086-9614 2087-2100 |