The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
Thailand’s Industry Ministry is requesting Chinese electric vehicle manufacturers to assemble their EVs with at least 40% of parts sourced locally in a move to support the automotive supply chain in the Southeast Asian nation.
Vietnam is striving to earn nearly 13.7 billion USD from its export of means of transportation, auto parts, and accessories this year from last year's 11.98 billion USD.
Honda Logicom Vietnam Company Ltd, a subsidiary of Honda Logicom Company Ltd (Aichi, Japan) will start building a new general logistics warehouse as well as bonded warehouse in June 2022 in DEEP C Industrial Zones in the northern port city of Hai Phong.
Vietnam imported 14,523 cars in the first two months of 2020, representing a year-on-year plunge of 43.7 percent, according to the Ministry of Industry and Trade (MoIT).
Vietnam needs to issue special policies for the automobile industry to catch up with other countries in the ASEAN region, said experts at a conference held in Hanoi on October 22.
The Ministry of Finance plans to eliminate the import tax for auto materials and parts in order to support the development of the country’s automobile industry.
Auto industry products and technologies were introduced at the sixth China-ASEAN Automobile Industry Expo in Liuzhou city of China’s Guangxi province from October 21-23.
