Autotech & Accessories 2024: Propelling Vietnamese Enterprises into the Global Supply Chain

Autotech & Accessories 2024 has been expanded in scale, fostering greater trade and creating new opportunities for businesses to embrace emerging tech trends in manufacturing and get ahead of the curve.

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The 20th International Exhibition on Automotive, Motorcycle, Electric Vehicle, and Supporting Industries (Autotech & Accessories 2024) officially opened its doors on May 16, welcoming visitors from May 16 to May 19, 2024, at the Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City.

This year, Autotech & Accessories expands its scale to over 15,000 square meters, featuring 400 booths from nearly 300 reputable businesses from Vietnam and other countries and territories worldwide, including the US, South Korea, Thailand, China, and Taiwan. Among the exhibitors showcasing complete vehicles are SAMCO, MIV, AIE electric vehicles, Sunway Bike, Vien Pham, and Jiangsu Aitefu.

When it comes to supporting industries, the exhibition presents over 300 well-known brands, including Minh Thanh Phat, Minamoto, New Super Power, MYS Vietnam, AMER VN, HELIOS, and KDX America. Additionally, a diverse range of other products are on display, such as dashcams, vehicle maintenance and repair tools, in-car electronics, motor oils, radiators, and tires.

Autotech & Accessories 2024 goes beyond fuel-based vehicles by focusing on expanding products and services within the electric vehicle ecosystem. This includes breakthrough solutions and innovations related to batteries, charging stations, and in-car technologies.

In addition to exhibition booths, the event features dedicated areas for specialized activities and experiences catering to a diverse audience. These include businesses seeking partners and individuals passionate about exploring and researching the automotive, motorcycle, and supporting industries.

Autotech & Accessories 2024 will enhance trade promotion between domestic and foreign enterprises.

Ms. Nguyen Minh Ngoc, Chairman of ATFA, the organizing unit, shared that Vietnam’s supporting industries mainly focus on auto parts and components with limited technological sophistication. Out of approximately 5,000 businesses supplying parts and components for the automotive and mechanical industries, only 30% are involved in the global value supply chain.

“With 5,000 individuals and businesses from various fields, such as manufacturing, supplying auto parts and components, repair equipment, interior and exterior fittings, transportation, tourism, agriculture, healthcare, and education, registering for trade, it is evident that the automotive, motorcycle, electric vehicle, and supporting industries are becoming increasingly interconnected,” said Minh Ngoc. “Businesses are actively expanding their markets and gradually joining the global supply chain.”

A highlight of this year’s event is the “Initiative Festival,” a new platform for science and technology enthusiasts and those passionate about research and creativity. The festival features the participation of 14 technical topics, products, and models with high creativity and applicability in the automotive, motorcycle, electric vehicle, and supporting industries sectors.

According to Mr. Vo Tan Thanh, Vice President of the Vietnam Chamber of Commerce and Industry (VCCI), the automotive, motorcycle, electric vehicle, and supporting industries in Vietnam are overcoming challenges and difficulties arising from economic and social fluctuations. The sector is preparing to enter a recovery phase, marked by positive signals in the cooperation and business production of enterprises.

“This exhibition can serve as a stepping stone for businesses to embrace new technology trends and production and business methods, allowing them to seize development opportunities and deeply engage in the global supply chain,” emphasized Thanh. “It also marks a transformative step for Vietnam’s supporting industries as the automotive, motorcycle, and electric vehicle sectors gear up for recovery in the latter half of 2024.”

SOURCEvneconomy
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