Addressing the opening ceremony, Deputy Minister of Industry andTrade Ho Thi Kim Thoa highly valued efforts by auto manufacturers tomaintain production and expand the market.
Thoasaid that in the face of challenges to the automotive industry, thesuccess of the exhibition will help support enterprises, stimulateconsumption demand, and create new opportunities for cooperation andtechnology transfer.
With an area of nearly10,000sq.m, the four-day exhibition is displaying different types ofvehicles manufactured by the big names from Vietnam, Japan, China,India, Thailand, Singapore, Malaysia and the Republic of Korea,including Vinasuki, Huyndai and Honda.
Electric bike and motorcycle manufacturers and spare parts businesses are also showing their products at the event.
According to the ministry, Vietnam is the fourth largest market formotorbikes, following China, India and Indonesia. By 2020, the number ofmotorbikes in Vietnam is predicted to reach 33.5 million.
In 2015, between 166,000-235,000 automobiles are expected to be sold in the Vietnamese market.-VNA