The event is organized by the Vietnam Automobile Manufacturers Association (VAMA), the Official Automobile Importers Association of Vietnam (VIVA), and the Vietnam Association of Motorcycle Manufacturers (VAMM).

Speaking at the opening ceremony, Deputy Minister Truong Thanh Hoai stated, "Currently, Vietnam has over 5 million cars, with passenger vehicles making up 67%, equating to a ratio of 50 cars per 1,000 people. However, this figure remains modest. For a market of 100 million people, there is still substantial room for the automotive industry to expand."

"Vietnam's per capita income has improved rapidly over the past five years and continues to rise, leading to a growing demand for cars and motorcycles. In this context, the Vietnam Motor Show serves as a reputable annual event where the public can explore the latest innovations from automotive brands, contributing to the robust growth of the Vietnamese automobile industry," Deputy Minister Hoai added.

Reflecting on Vietnam's automotive market, Nakano Keita, Chairman of the Vietnam Automobile Manufacturers Association (VAMA), said, "Last year was challenging for the automotive industry. However, thanks to government support policies, the sector is now recovering, stabilizing, and accelerating."

According to him, the supply of both imported and domestically produced vehicles has been abundant, with many new models launched and vehicle prices dropping swiftly. Notably, several factories have officially commenced operations, with many imported models now shifting to local assembly.

The latest report from VAMA shows that Vietnam's automotive market saw a significant sales boost in September, with 36,585 vehicles sold, up 45% from August (25,196 vehicles) and 44% compared to the same period last year (24,687 vehicles). This was also the highest monthly sales in the first nine months of the year. In the first three quarters, total sales from VAMA reached 225,583 vehicles, a slight 6.94% increase compared to the same period last year (209,927 vehicles).

Mr. Nakano noted that consumers are increasingly interested in advanced technology, safety features, and driving experiences. The Vietnamese government is also actively pursuing its Net Zero target by 2050, prompting car brands to introduce new technologies to reduce CO2 emissions as quickly as possible.

"We hope the government will consider a comprehensive plan and support policies for all types of vehicles to promote eco-friendly models, leading the automotive industry toward sustainable development," the VAMA Chairman expressed.

The Vietnam Motor Show is the largest event of the country's automotive industry, held every two years since 2002. This year's theme is "Technology Opens a Green Future," featuring 19 car brands and supporting industry enterprises. Over 200 car and motorcycle models are on display, with around 15 new cars making their debut.

The highlight of the show is the lineup of green vehicles from Japanese and Chinese brands. The hybrid models include the Honda Civic e:HEV RS, Honda CRV e: HEV, Toyota Camry hybrid, Subaru Crosstrek e-Boxer, YangWang U8, Denza D9, and Suzuki XL7 hybrid. The electric models on display are the Skoda Enyaq, MG Cyberster, MG4, Toyota FT-3e concept car, BYD Han, and BYD M6.

However, the absence of luxury brands, which regularly participated in previous exhibitions, such as Mercedes-Benz, Lexus, Audi, and Volvo, was noticeable. Major market players like Hyundai, VinFast, and Ford were also not present.

Pham Huyen & Vo Tam