The event, jointly organised by the Vietnam National Trade Fair & Advertising Company (Vinexad) and the Vietnam Auto Motorcycle and Bicycle Association (Vamoba), will run alongside the Vietnam Sport Show 2018.
A representative of Vinexad said this year’s exhibition will introduce more than 100 products from domestic firms and imported components from Germany, Italy, Malaysia, Thailand, Taiwan, and the Republic of Korea.
At the Vietnam Cycle 2018, a pavilion will be set up to honour Thong Nhat, a bicycle brand that has been operating for nearly 60 years. Thong Nhat is also the first Vietnamese firm to export bicycles to the US and European countries including Spain and Germany.
According to statistics from the Department of Market Surveillance under the Ministry of Industry and Trade, about 3 million bicycles are currently in use across the country.
Meanwhile, statistics from Vamoba showed that the total number of electric scooters and bicycles sold nationwide hit 500,000 in 2017, a rise of 30% year-on-year and higher than other types of vehicles.
To raise the efficiency of the exhibition, the organisers will arrange business-to-business (B2B) transactions between manufacturers and distributors, as well as between retailers in the northern region and leading importers in Ho Chi Minh City.
Furthermore, visitors to the event will be able to experience new products and receive gifts from key bicycle-building brands.