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Saturday, July 20, 2024

HCMC to host automotive service industry trade fair

By Le Hoang

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HCMC – HCMC is set to host Automechanika HCMC 2023 from June 23 to 25 at the Saigon Exhibition Convention Centre (SECC) in District 7.

The event, organized jointly by Messe Frankfurt (HK) Ltd, Chan Chao International Enterprise Group, and Yorkers Exhibition Service Vietnam, will showcase the latest technologies and market trends through booth displays, industry conferences, and lifestyle events.

Over 450 enterprises from 21 countries and territories have already registered for this fifth edition of the trade fair for the automotive service industry. The number of Vietnamese participants is expected to increase by 50% compared to the previous 2019 edition, which featured 66 Vietnamese companies.

“Around 180 of the registrants are Chinese auto spare part manufacturers, demonstrating their interest in business opportunities in Vietnam,” Calvin Lau, director of Messe Frankfurt, told The Saigon Times.

The event also aims to encourage local carmakers to raise the automobile localization ratio to 40%, in line with the Government’s vision, and promote trade with foreign firms.

The Vietnam Automobile Manufacturers’ Association predicts car sales to reach one million in 2028 and 3.5 million in 2040.

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