AUTOMECHANIKA HO CHI MINH CITY

Over the next 20 years, Vietnam will remain ASEAN’s fastest growing automotive market, with the automotive manufacturing sector developing and growing at an exponential rate too.

•In March 2019, passenger vehicle sales in Vietnam grew 76%, and commercial vehicle sales went up by 28%

•This year, local motorcycle sales in the country will continue to break records with an increase of 4%, equating to an estimated 3.5 million units

•Companies like Vinfast support localisation for their Vietnam-made cars. Their factory also contributes to the development of auto manufacturing with workshop facilities for painting, stamping and welding

•Vietman's total automation and control market remains strong and is set to be worth an estimated USD 184.5 million by 2021.