Visitors at the Vietnam AutoExpo 2018(Photo: baodautu.vn)
Hanoi (VNA) – The 16th International Exhibition on Automobile,Transportation and Supporting Industries (Vietnam AutoExpo 2019) will takeplace at the Vietnam National Convention Centre in Hanoi from June 12-15.
The event is jointly held by the Ministry of Industry and Trade’s Institute forIndustry Policy and Strategy, Vietnamese Society of Automotive Engineers andC.I.S Vietnam Advertising & Exhibition Joint Stock Company.
According to the organising board, the auto sector will thrive as the Vietnameseeconomy witnessed the highest growth in the past ten years and the GDP growthis forecast at 7 percent in 2019.
Statistics from the Vietnam Automobile Manufacturers’ Association (VAMA) showedthat more than 288,600 vehicles were sold in 2018, up nearly 6 percent from theprevious year. The sale of locally-assembled cars rose 11 percent while that ofimported vehicles fell over 6 percent.
Businesses are investing heavily in the auto industry to meet the increasing demandof the domestic market.
Furthermore, the Vietnamese supporting industry is envisioned to satisfy 45percent of domestic production by 2020. In such context, the Vietnam AutoExpowill serve as a venue for businesses in the auto industry to roll out newproducts as well as exchange with customers and partners to promote technology development.
This year event will see the participation of renowned brands like Veam Motors,Gaz Group, KC Motors, Daewoo, Faw, Dongfeng, Hyundai, Ducati, Harley-Davidson,Triumph, and Royal Enfield. Various brands in the supporting industry will bepresent as well, including Dunlop, Elig, Timsun, Vietmap, Bosch, Philips andCNC Hanoi.
The auto expo is thelargest annual event of the auto industry in the northern region of Vietnam.This year, the event is expected to attract 35,000 visitors. -VNA
VNA
