The 16th International Exhibition on Automobile, Transportation and Supporting Industries (Vietnam AutoExpo 2019) will take place at the Vietnam National Convention Centre in Hanoi from June 12-15.
Visitors at the Vietnam AutoExpo 2018 (Photo: baodautu.vn)
Hanoi (VNA) – The 16th International Exhibition on Automobile,Transportation and Supporting Industries (Vietnam AutoExpo 2019) will takeplace at the Vietnam National Convention Centre in Hanoi from June 12-15.
The event is jointly held by the Ministry of Industry and Trade’s Institute forIndustry Policy and Strategy, Vietnamese Society of Automotive Engineers andC.I.S Vietnam Advertising & Exhibition Joint Stock Company.
According to the organising board, the auto sector will thrive as the Vietnameseeconomy witnessed the highest growth in the past ten years and the GDP growthis forecast at 7 percent in 2019.
Statistics from the Vietnam Automobile Manufacturers’ Association (VAMA) showedthat more than 288,600 vehicles were sold in 2018, up nearly 6 percent from theprevious year. The sale of locally-assembled cars rose 11 percent while that ofimported vehicles fell over 6 percent.
Businesses are investing heavily in the auto industry to meet the increasing demandof the domestic market.
Furthermore, the Vietnamese supporting industry is envisioned to satisfy 45percent of domestic production by 2020. In such context, the Vietnam AutoExpowill serve as a venue for businesses in the auto industry to roll out newproducts as well as exchange with customers and partners to promote technology development.
This year event will see the participation of renowned brands like Veam Motors,Gaz Group, KC Motors, Daewoo, Faw, Dongfeng, Hyundai, Ducati, Harley-Davidson,Triumph, and Royal Enfield. Various brands in the supporting industry will bepresent as well, including Dunlop, Elig, Timsun, Vietmap, Bosch, Philips andCNC Hanoi.
The auto expo is thelargest annual event of the auto industry in the northern region of Vietnam.This year, the event is expected to attract 35,000 visitors. -VNA
More Vietnamese in urban areas plan to buy cars this year after the tax rate of complete built-up units imported from ASEAN countries fell to zero percent from January 1, experts from the Auto Purchase Index of Financial Times Confidential Research (FTCR) said.
The domestic automobile parts industry has failed to reach the set target despite support from the Government, said Nguyen Thi Tue Anh, deputy director of the Central Institute for Economic Management (CIEM).
In order to help boost the Vietnamese automobile industry – one of the most important contributors to national economic growth – the country could do with focusing on its policy stability, market expansion, support industry development, and connectivity reinforcement, according to insiders.
The prices of imported automobiles in the Vietnamese market may not reduce as much as expected after the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) came into effect on January 14, according to the Ministry of Industry and Trade.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.