To safeguard both public health and business development throughout the automotive industry in the midst of the global COVID-19 outbreak, organisers of Automechanika Ho Chi Minh City had announced in February to reschedule the 2020 show edition. After a careful assessment of the situation, the show will now take place from 20 to 22 August at the Saigon Exhibition and Convention Center (SECC). This Vietnam’s leading trade fair for the automotive service industry will heighten government incentives to speed up the localisation and growth of the domestic auto industry. The fair expects 360 local and overseas exhibitors showcasing the latest products, services and technologies.
As always, Automechanika Ho Chi Minh City responds to ever-changing market needs. This year, the show sets to amplify the Vietnamese Government’s call to localise and expand the country’s automotivemanufacturing capabilities, from OE right through to the aftermarket, by nurturing more foreign investment and international cooperation.
The recent COVID-19 outbreak has highlighted opportunities in the local automotive manufacturing market where it aims to become more self- sufficient and take on some of the demand in the global supply chain. In fact, international industry players also see favourable benefits in the domestic market. For example, the country recorded USD four billion of foreign direct investment (FDI) during the first quarter of 2020, of which the manufacturing and processing sector saw some of the highest gain1. To foster such growth in the automotive industry, international exhibitors at the show will present cutting-edge products, services and technologies to the local market. Activities are also set to improve Vietnamese talent in the auto industry; facilitate business exchange between domestic and overseas players, as well as explore foreign investment opportunities that will inevitably lead to more localisation in the automotive manufacturing development.
Source: Tyretradenews
