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.
As the ASEAN Chair for 2025, Malaysia is committed to advocating for the interests and developments of the region, particularly in key sectors such as automotive.
This initiative aims to diversify the supply of imported vehicles, foster competition in the domestic market, and align Vietnam’s tax policies with the evolving trends of the automotive industry.
Toyota Motor Vietnam's factory in the northern province of Vinh Phuc was established in 1995 and officially began operations one year later. From an initial production rate of just two vehicles per day, the plant's capacity has now grown to over 108 vehicles per day, or approximately 27,000 per year.
Vietnamese conglomerate Vingroup on November 20 announced the establishment of VinRobotics JSC, with a charter capital of 1 trillion VND (40 million USD), aiming to revolutionise production efficiency and optimise processes across industry, services and daily life through production and integration of smart robots and robotic products.
VinFast Automaker, a subsidiary of Vingroup, announced on November 12 that it delivered over 11,000 electric vehicles (EVs) in October, raising the total deliveries to more than 51,000 units, securing its position as the top-selling car brand in Vietnam in the first ten months of 2024.
Automechanika Kuala Lumpur, Malaysia's leading regional trade fair for automotive industry, has been switched from a biennial to an annual event to help industry participants connect with each other more regularly and stay up to date on global trends.
Vietnam will move to attract large enterprises and corporations with high technology, said Nguyen Anh Tuan, deputy director of the Ministry of Planning and Investment's Foreign Investment Agency.
Supply chains in Southeast Asia are racing to recover to full strength after months of factory stoppages and production cuts. This includes Vietnam, which is seeing a rapid return to normality, according to Nikkei Asia.
Indonesia is planning to extend a luxury tax break on the sale of sedans and two-wheel drive cars with engine power of less than 1,500 cc to August to support its pandemic-hit automotive industry.
The Hanoi Plastics Joint Stock Company (HPC) aims to constantly create, innovate technology and improve technical capacity, especially in the field of precision mechanics and mould production to further penetrate the global supply chain.
The COVID-19 situation has considerably sped up the transition of manufacturing work into Vietnam and the country is uniquely positioned to take advantage of this move, said an article recently published on SeekingAlpha content service.
Various regulations have hindered Indonesia’s automobile manufacturing and the country’s car exports are still lagging behind its neighbours like Thailand, General Secretary of the Indonesian Automotive Industries Association (Gaikindo) Kukuh Kumara said.
The spread of the COVID-19 pandemic in almost all countries and territories worldwide is likely to force automobile manufacturing and assembly firms in Vietnam to scale down operations and even close their factories.
The development of electric vehicles (EV) is gaining momentum in Southeast Asian nations, as such vehicles require fewer parts and barriers to market entry are lower compared to engine-powered vehicles, according to The Yomiuri Shimbun.
Thailand’s car sales this year are likely to go up thanks to the improved purchasing power of many people, in line with recent better prices for agricultural products.
Thai authorities have acknowledged that high concentrations of particulate matter or PM 2.5, remain in at least 21 areas throughout Bangkok and its vicinity, and the overall pollution situation could worsen again this week.
