A series of international trade exhibitions for the automotive service and spare parts industries kicked off in Ho Chi Minh City on June 19.

VOV.VN - Two firms of the Republic of Korea - Han Hwang Ind and Shin Shin Machinery – have been licensed to invest US$5.1 million into HanShin Metal Vina to produce auto spare parts in the south-central province of Binh Dinh.

VOV.VN - As many as 180 Chinese firms operating in the auto parts industry are set to participate in the Automechanika Ho Chi Minh City 2023 from June 23 to 25 to seek business opportunities in the Vietnamese market, according to Calvin Lau, director of Messe Frankfurt Co., Ltd (Hong Kong).

VOV.VN - Vietnam spent a total of US$240 million importing auto parts and accessories during the first half of August, with Chinese-origin parts increasing sharply, according to details given by the General Department of Vietnam Customs.

VOV.VN - Despite being an importer of car spare parts, Vietnam also earns billions of US dollars from exporting auto parts each year to the world's leading auto powers.

Many businesses from the Republic of Korea (RoK) are looking to connect and get more information about the Vietnamese market as well as investment policies of the country, especially in auto parts, mechanics, and electronics, said Vu Ba Phu, Director of the Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade (MoIT).