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VN AutoExpo 2019 to be held

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 Viet Nam Advertising & Exhibition Joint Stock Company.  This year’s event will attract the participation of a range of popular domestic and foreign brands such as Veam Motors, Gaz Group, KC Motors, Daewoo, Faw, Dongfeng, Hyundai, Ducati, Harley-Davidson, Triumph and Royal Enfield, along with several brands in the supporting industry including Dunlop, Elig, Timsun, Vietmap, Bosch, Philips, CNC Ha Noi, HJC, and Daichi.  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% in 2019. This is a positive sign for the automobile market, particularly with regards to commercial vehicles. Statistics released by the Viet Nam Automobile Manufacturers’ Association (VAMA) have shown that during the last year, automobile sales of VAMA members surged by nearly 6% to reach 288,683 units.   The sale of locally-assembled cars rose 11% while that of imported vehicles fell over 6%. According to organisers, 2018 saw the nation’s economy record its highest growth rate over the past ten years with GDP growth projected to hit 7% in 2019. This is a positive sign for the automobile market, particularly with regards to commercial vehicles. Statistics released by the Viet Nam Automobile Manufacturers’ Association (VAMA) have shown that during the last year, automobile sales of VAMA members surged by nearly 6% to reach 288,683 units.   Businesses are investing heavily in the auto industry to meet the increasing demand of the domestic market…. [Read full story]