11. But there is as yet no local component industry and few foreign companies have come in because the volume of manufacturing in Vietnam is still too low.
12. Sujana said the two sides had only to agree on the technical aspect of the agreement, including the issue of the use of local components.
13. That percentage is likely to rise as Volkswagen brings in overseas suppliers to help improve the quality of local components.
14. The government would also continue to cut down on its imports by using more local components in its major projects, he said.
15. The local component level would entitle it to luxury tax exemptions under a government ruling which predates the national car policy.