Vietnam Motor Show features 15 automobile brands
Vietnam Motor Show features 15 automobile brands
Vietnam Motor Show 2019 (VMS) welcomed the public from October 23 in HCMC’s District 7, with the participation of 15 car brands and nearly 200 suppliers in the supporting industries.
The five-day expo covers an area of 20,000 square meters and has indoor and outdoor exhibition areas, displaying nearly 100 car models imported and locally assembled from brands such as Audi, Ford, Honda, Jaguar, Land Rover, Lexus and Mercedes-Benz.
Although Truong Hai Auto, the distributor of Kia, Mazda, Peugeot and BMW cars, and TC Motor, which distributes Hyundai vehicles, does not attend the show, vehicles from all segments ranging from economy and mid-range to luxury vehicles from world-leading brands still attract car enthusiasts to the show.
Car lovers have the chance to see race car models used by the Red Bull Racing and Toro Rosso Formula One teams. Also, ecofriendly electric cars are on display at the event.
Moreover, suppliers of supporting products, car accessories and components and from other related industries have booths set up to showcase their products and services.
VMS 2019 is jointly organized by the Vietnam Automobile Manufacturers Association (VAMA), the Vietnam Car Importers Association, CIS Vietnam Company and Le Bros Company.
Toru Kinoshita, chairman of VAMA, said that the local automobile market has great potential for further growth, supported by the stable development of the economy and the advantage of a young population.
According to VAMA, its members sold over 230,000 automobiles in the January-September period, up 18% year-on-year. Meanwhile, among other non-VAMA members, TC Motor alone recorded sales of over 55,000 vehicles in the nine months.
Based on these sales results, local automobile traders predicted that automobile sales may exceed 350,000 units by the end of the year, beating the record high seen in 2016, when 304,000 cars were sold.
