Fifteen renowned brands will present displays at the Vietnam Motor Show 2018 (Source: VMS) Hanoi (VNA) – Fifteenrenowned brands will present displays at the Vietnam Motor Show 2018, thelargest national event of its kind, as heard at a press conference about theevent held in Hanoi on August 20.
These brands hold memberships of theevent organisers, the Vietnam Automobile Manufacturers Association (VAMA) andthe Vietnam Car Importers Association (VIVA). The brands include Audi,Chevrolet, Ford, Jaguar, Honda, Land Rover, Lexus, Maserati, Mercedes-Benz,Mitsubishi Motors, Nissan, Subaru, Toyota, Volkswagen, and Volvo.
The Vietnam Motor Show 2018 isscheduled to take place at the Saigon Exhibition and Convention Centre (SECC)in Ho Chi Minh City from October 24-28.
VAMA Chairman Toru Kinoshita saidthe event will, for the first time, see the participation of both Vietnameseauto producers and importers, which promises a more diverse exhibition.
He noted that exhibitors willintroduce locally-assembled and imported vehicles across segments such as medium,luxury, sport, and luxury sport cars, facilitating consumers’ selection of asuitable car.
Kinoshita said the minivan sectorowns the highest market share and records the fastest growth on the Vietnameseauto market, with their prices ranging from 500-900 million VND (21,500-38,700USD).
The organisers will arrange anarea for displaying support industry products, with the participation ofhundreds of firms specialising in equipment and accessories for automobiles,lubricant companies, and banks.
An outdoor space for the SubaruRuss Swift Stunt Show will also treat visitors to some thrilling performances.
The ASEAN Auto Purchase Indexfrom the Financial Times has indicated an increase in the number of Vietnamese lookingto purchase cars over the last five years – gradually gaining on those inIndonesia, Thailand, and Malaysia.
The average proportion of urbanconsumers who intended to buy a car in Vietnam increased from 11 percent in2013 to 15 percent in 2016 and 2017. This was lower than the average of 25percent in ASEAN’s urban areas, yet still the largest rise among the five ASEANcountries of Indonesia, Malaysia, the Philippines, Thailand, and Vietnam.–VNA
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