AUTOPETRO 2008 - A meeting place for decision-makers in the automotive industry

Autopetro has obtained the reputation as a business platform for providing its exhibitors with opportunities to show their new products and innovations to the interested audience.

Autopetro is the event for the promising automotive market in Vietnam where dozens of foreign automotive enterprises penetrate to assess market scale, seek for investment opportunities and plan for their business projects here. The event covers full range of motor vehicles, two-wheeler, three-wheeler and their parts, components and accessories, equipments for vehicle service and repair, petroleum products and car care products...

Ho Chi Minh City has continuously been chosen as the best venue for AUTOPETRO 2008, it is the largest city of Vietnam with the greatest number of vehicles in use. HCMC also be the major economic center which strongly impulses the development of Southern economic area. The Southern always achieves the highest annual economic growth rate in comparison to the whole country, in which, industrial growth rate of Ho Chi Minh City for period 2006 - 2010 is estimated at 12,7%.

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Vietnam economic growth forcast for 2007 is 8.5% and industrial sector growth rate will reach approx 10%.

In period of 2005-2010, the estimated average increase rate of motor vehicles in Vietnam is of 16% per year, it is expected to be 8% per year in period of 2011-2020. The current rate of growth in motorbike sector is around 20-30% and this rate would last from 5 to 10 years to come.

In the development project for supporting industries from now to the year 2010 - vision to the year 2020 of the Ministry of Industry, the supporting industry for manufacturing and assembling automobiles is one of five industrial groups which has been given a top priority: Focus on developing product group, including: cabin, chassis, body, suspension system, engine, axles, cardan-joint, gear-box, steering system for truck, coach and special purpose vehicle; develop selected types of engine, gear box, drive train and parts with a large quantity in order to serve local vehicle assemble demand and export.

Import tax rate for brand-new CBU cars had been lowered to 70% according to the Decision No. 70/2007/QD-BTC of Ministry of Finance dated 3 August 2007. To comply the WTO commitments (from 11 January 2007), Vietnam plans to reduce CBU car taxation from 90% to the levels of 47%, 52%, 58% and 70% (according to types of displacement) within the next 7-12 years.

AUTOPETRO 2008 offers its exhibitors not only the effective forum for new developments but also generates various opportunities to gain new business contacts and partners. It is expected to enable the entrepreneurs in related fields, professionals, buyers and public to meet with international suppliers and update the lastest market information under the same roof.

Be at AUTOPETRO 2008 and make the most of this opportunity for your presence in Vietnam's market. We are assured of our best support for your success.