The 14th Saigon Autotech & Accessories, which opened on May 24, hopes to provide networking opportunities for manufacturers and suppliers of automobiles and other vehicles and components.

The four-day international expo is being attended by around 200 companies, 60 per cent of them from countries and territories such as China, Korea, Taiwan, and Indonesia.

On display are products like cars and electric bikes and their components like lights, braking systems and others.

There will also be several forums to provide more networking and learning opportunities for participants besides business matching events.

Pham Tuan Anh, deputy director of the Ministry of Industry and Trade’s industrial department, said while the automobile and component industries have been receiving a lot of support from the Government, there is room for improvement.

Most local companies in auto supporting industries remain focused on simple parts such as glass, mirrors, seats and wires, he said.

“Businesses and authorities need to develop supporting industries and invest more in the automobile sector. If the auto industry is well developed, it will push other industries, especially supporting industries, to grow along with it.”

He stressed the importance of organising more networking and investment promotion events and providing learning opportunities.

The expo, at the Saigon Exhibition and Convention Centre in District 7, is organised by the Asia Trade Fair and Business Promotion Joint Stock Company. — VNS