Vietnam AutoExpo 2014 opens in Hanoi
(VOV) - The 11th Vietnam International Automobile Supporting Industries Exhibition & Conference opened at the Vietnam Exhibition and Fair Centre in Hanoi on June 19.
Hundreds of stands showcasing various modes of transport, such as tourism cars, buses, motorbikes, bikes and vehicles for special purposes are on display at the 10,000sq.m. event.
There are also exhibits of equipment and fuels for manufacturing, production and assembling automobiles, motorbikes and bikes, tools, components and spare parts as well as garage repairs, maintenance, banking, insurance services and consultancy.
The expo attracted great attention from well-known brand names, such as Nissan, Renault, Harley-Davidson, Chacman, JAC, Dong Phong, FAW, Vu Linh, Motul, Hanoi Plastics, BNB, Youngmin, Innotek, Nhan Hoa, GSI Vietnam, TC Group, Tan Phat and Viet Son.
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At the opening ceremony, Deputy Minister of Industry and Trade Ho Thi Kim Thoa said Vietnam’s economic recovery, its improved infrastructure and a high demand for vehicles create firm foundations for the development of the automobile and motorbike market.
Vietnam will have around 166,000-235,000 new cars by 2015 and 836,000 by 2020. The country is the fourth largest motorbike market in the world with 33.5 million units by 2020.
Thao emphasised that the Vietnam AutoExpo will help support businesses, stimulate market, and offer many trade opportunities for automobile manufacturers.