Foreign companies in the supporting industry are expanding their reach into Vietnam to tap into the huge automotive demand.
|Foreign suppliers will visit Saigon Autotech & Accessories 2019 to look for opportunities to enter Vietnam |
The information was shared at Saigon Autotech & Accessories 2019 which is taking place from May 23 to 26 at Saigon Exhibition and Convention Center, Ho Chi Minh City.
South Korea’s JCWORKS, which specialises in professional car care products under the brand name GLOSSBRO, is looking to enter Vietnam. The company has nearly 10 years of experience in the distribution and production of automotive parts as well as interior and exterior cleaning chemical for automobiles.
Tommy Ji, CEO of JCWORKS, said that the Vietnamese market has tremendous potential so the firm wants to explore business opportunities here. To this end, the company is researching and designing interior and exterior cleaning chemical for automobiles to adapt to different weather conditions.
“There are similarities in the weather conditions between South Korea and Vietnam. Thus, the company expects to fare well at the Vietnamese market. JCWORKS is looking for partners and car manufacturers to distribute its products locally,” he added.
Meanwhile, a lamp desiccant specialised company from South Korea is also looking for opportunities in Vietnam.
Justin Kim, the representative of DesiKhan, is upbeat about the bright outlook of Vietnam. He said that many South Korean companies like LG and Samsung have established manufacturing facilities in Vietnam. The Vietnamese market is really promising, with VinFast to sell vehicles from next year.
The company sells lamp desiccant products with the excellent asoprtion rate of 120 per cent. The company also increases stability and durability for its desiccant products to maintain performance at the hot temperature environment inside the lamp.
“This is the first time we join Saigon Autotech & Accessories 2019. We hope to find local automobile partners like Toyota Vietnam as well as motorcycle manufacturers,” he said.
JCWORKS and DesiKhan are only two of the 300 enterprises coming showcase their state-of-art products and technologies at Saigon Autotech & Accessories 2019. The exhibitors come from different countries and territories including Vietnam, the US, Japan, Korea, China, Taiwan, Singapore, Malaysia, Thailand, Indonesia, and much more.
|The 15th Saigon International Autotech & Accessories Show is an effective trade promotion platform for domestic and foreign businesses |
As the only exhibition approved to be in the Supporting Industry Development Programme 2019 of the Vietnam Industry Agency under the Ministry of Industry and Trade (MoIT), Saigon Autotech & Accessories 2019 promises to be an event that is worth waiting for with useful special events and a wide range of attractive performances.
Besides product displays, one of the most interesting activities at Saigon Autotech & Accessories is Business Matching. Every year, at this event, about 2,000 meetings between exhibitors and trade visitors take place, yielding 500 successful commercial activities.
A special feature at Saigon Autotech & Accessories this year is a series of special seminars organised under the guidance and support of the Vietnam Association for Supporting Industry, the Vietnam Chamber of Commerce and Industry, and the Vietnam Industry Agency. The seminar covers a wide range of topics like “Made in Vietnam” cars, electric vehicles, and the application of intelligent technologies into services for vehicle users.
In addition, the Organising Committee of Saigon Autotech & Accessories 2019 will continue to collaborate with the automobile forum Otosaigon.com to organise the Car Audio Competition EMMA Vietnam 2019.
The supporting industry always plays an important role in the national economy, which is the basis for sustainable industrial development. However, for many years, Vietnam’s supporting industry has been facing many limitations. According to the Vietnam Industry Agency, the supply from domestic enterprises in the supporting industry meets only 10-15 per cent of the domestic demand. Therefore, the participation of foreign companies will help fill in the gap and promote the growth of the local automobile supporting industry.