A sales space at the Automechanika HCM City Expo, a regional exchange honest for the automotive provider enterprise this is open in HCM City from February 28 to March 2. — VNS Photo Xuân Hương
Viet Nam News
HCM CITY — The Vietnamese automobile industry is expected to develop properly, driven mainly via growth in step with capita earnings, call for cars, and infrastructure development.

Speaking at a seminar on auto enterprise, held at some point of the Automechanika HCM City expo, Nguyễn Thanh Đàm, chairman of Vast Group JSC, stated that manufacturing reached 215,000 autos a final year, which changed into modest as compared to different nations in the place.

This accounted for simply zero.2 in keeping with a cent of the number of cars produced globally.

More than 352,200 devices have been bought in Việt Nam final 12 months, rating fourth in the ASEAN place after Indonesia (1.1 million gadgets), Thailand (950,000 units), and Malaysia (560,000).

The average number of vehicles in step with 1,000 human beings in Việt Nam turned into nevertheless low (at 23 vehicles in line with 1,000 people) as compared to other countries, Đàm stated.

With a boom in income, a “golden demographic” with the number of humans having properly income now accounting for 52 in line with a cent of the populace, call for motors among young families and automobile consumption is expected to increase strongly.

“There can be fierce opposition amongst big automobile businesses this 12 months,” he stated, adding that carmakers would launch many new fashions to increase their market proportion.

The automobile marketplace is predicted to grow by way of 10 according to cent this year, he stated.

But the underdevelopment of the helping enterprise, the low localization ratio and tax guidelines that bring about excessive car costs have affected the development of the automobile enterprise.

To make an automobile, between 30,000 and 40,000 accessories and elements are wanted, however in Việt Nam greater than 90 according to cent of those add-ons and components are provided by determining organizations or other overseas businesses, they said.

According to the Ministry of Industry and Trade, Việt Nam has 358 businesses worried about car manufacturing, which includes 50 vehicle assemblers and 214 add-ons makers.

Local organizations have produced easy accessories, together with a body shell, cabin shell, gear containers, vehicle seat, and brakes, with low generation content and cost addition.

Acknowledging the situation, the Government has devised rules to boost the development of the nearby supporting enterprise to increase localization quotes, in addition, to enable extra local corporations to take part inside the car production chain, delegates said.

In addition, exchange festivals will offer possibilities for neighborhood corporations to study the modern add-ons and elements in addition to new vehicle fashions, and discover co-operation possibilities with foreign partners, they delivered.


Automechanika HCM Expo, a regional alternate truthful for the car service industry, opened on February 28 on the Saigon Exhibition and Convention Centre, with 359 global exhibitors from 18 international locations and territories taking component.

Fiona Chiew, deputy fashionable manager of Messe Frankfurt (Hong Kong) Ltd, said: “With encouraging feedback from last year’s version, the honest will retain to address the nearby marketplace’s inherent needs by using presenting a robust collection of home and overseas exhibitors, who’re imparting their latest services and products.

“This yr, the show will highlight marketplace segments including the aftermarket and the commercial vehicle area due to their growth ability in Việt Nam’s car enterprise.”

The honest affords critical opportunities for nearby companies to network, exchange enterprise thoughts and broker offers with a number of the enterprise’s maximum influential names.

It also helps organizations shape their enterprise strategies and funding decisions while penetrating Việt Nam’s automobile industry, and helps neighborhood firms getting into overseas markets.

Over fifty-five in keeping with a cent of exhibitors are displaying the “Truck Competence” pictogram at their cubicles if you want to help buyers fast discover the particular merchandise, offerings, and era that they want.

Visitors may also discover a wide range of products together with components, additives, electronics, lightings, lubricants, and removers, as well as wheels and tires for commercial automobiles from both local and overseas exhibitors.

The expo additionally consists of many different occasions, consisting of fleet management convention, collision restore training and renovation workshop, go with the flow performance, and one-to-one matchmaking programme.

Organized by using Messe Frankfurt New Era Business Media Ltd, Chan Chao International Co Ltd, and Yorkers Exhibition Service Vietnam, the expo will run until March 2. — VNS

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