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 take place 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 for Industry Policy and Strategy, Vietnamese Society of Automotive Engineers and C.I.S Vietnam Advertising & Exhibition Joint Stock Company.

According to the organising board, the auto sector will thrive as the Vietnamese economy witnessed the highest growth in the past ten years and the GDP growth is forecast at 7 percent in 2019.

Statistics from the Vietnam Automobile Manufacturers’ Association (VAMA) showed that more than 288,600 vehicles were sold in 2018, up nearly 6 percent from the previous year. The sale of locally-assembled cars rose 11 percent while that of imported vehicles fell over 6 percent.

Businesses are investing heavily in the auto industry to meet the increasing demand of the domestic market.

Furthermore, the Vietnamese supporting industry is envisioned to satisfy 45 percent of domestic production by 2020. In such context, the Vietnam AutoExpo will serve as a venue for businesses in the auto industry to roll out new products 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 be present as well, including Dunlop, Elig, Timsun, Vietmap, Bosch, Philips and CNC Hanoi.

The auto expo is the largest annual event of the auto industry in the northern region of Vietnam. This year, the event is expected to attract 35,000 visitors. -VNA