Among foreign exhibitors are automakers from Singapore, India, China and Thailand, displaying new sedans, assembling equipment, interior decorations, lubricants, additives, and clean fuels.

In the face of the economic slowdown, the organisation of the annual Saigon Autotech & Accessories with the participation of many foreign businesses shows manufacturers’ efforts to overcome the difficult time and shore up production, said Le Duong Quang, Deputy Minister of Industry and Trade.

“Although the automobile industry is experiencing difficulty, I believe that Vietnam will become a lucrative market for foreign automakers, as well as the support industry,” said Quang.

The four-day exhibition is being co-hosted by the Asia Trade Fair and Business Promotion Holdings (ATFA) and Taiwan’s Chan Chao International Co. Ltd.

Organisers will arrange exchanges with exhibitors from the US, the Republic of Korea, Thailand, Taiwan, Singapore, India, Arab Saudi and China to offer opportunity for Vietnamese businesses to expand business operations.

The exhibition is expected to attract more than 100,000 visitors.