More than 300 domestic and foreign businesses will take part in the 14th Saigon Autotech & Accessories International Exhibition scheduled in Ho Chi Minh City on May 24-27 next year.

A corner of the 2017 fair

On display at 500 booths will be alternative drive units, charging accessories, automobiles, motorcycles, electric and sport bikes, accessories and spare parts, and smart parking solutions, among others.

The event is expected to attract over 15,000 visitors.

According to the organiser Asia Trade Fair & Business Promotion, Vietnam’s spare part industry will face fierce competition from Thailand and Indonesia when the ASEAN Free Trade Agreement takes effect in 2018, bringing import-export tax on automobile accessories and parts among ASEAN countries down to 0 percent.

The exhibition is organised to promote the exchange of technology and trade among leading spare part and accessories suppliers in the region.

Preferential treatment will be given to Vietnamese businesses to encourage their engagement in the event.

The organising board has also planned a business matching conference, providing a platform for domestic and overseas producers to seek partners.-VNA