- Title: VIETNAM: INTERNATIONAL MOTOR SHOW HELD IN HANOI
- Date: 5th October 1995
- Summary: HANOI, VIETNAM (OCTOBER 5 AND 6, 1995) (OCTOBER 5, 1995) 1. LV EXTERIOR OF 'AUTO 95 VIETNAM' EXHIBITION 0.10 2. CU SIGN: 'AUTO 95 VIETNAM' 0.13 3. SV VIETNAMESE OFFICIALS AND FOREIGN GUESTS WALKING INTO EXHIBITION 0.20 4. GV/SV FORD SHOWROOM (3 SHOTS) 0.41 5. SV CARS AND VISITORS (6 SHOTS) 1.16 (OCTOBER 6, 1995) 6. SV VEHICLES AND VISITORS IN HONDA SHOWROOM (6 SHOTS) 1.54 7. SV PEOPLE TALKING / LV MAN HAVING HIS PICTURE TAKEN IN FRONT OF FORD CAR (2 SHOTS) 2.01 8. SCU NGUYEN KIM NGOC, A VIETNAMESE STUDENT, SAYING: "I LIKE THIS CAR EXHIBITION VERY MUCH BECAUSE IT DISPLAYS VARIETY OF AUTO MODELS FROM DIFFERENT COMPANIES AROUND THE WORLD" (VIETNAMESE) (QUESTION: DO YOU THINK THAT YOU COULD BUY A CAR IN THE FUTURE?) "YES. THAT IS MY DREAM" (VIETNAMESE) 2.11 9. SV PEOPLE LOOKING AT CARS (3 SHOTS) 2.26 10.SV MERCEDES BENZ CAR 2.37 Initials Script is copyright Reuters Limited. All rights reserved.
- Embargoed: 20th October 1995 13:00
- Location: HANOI, VIETNAM
- Country: Vietnam
- Reuters ID: LVA1TOKR1NGFS9WWN3PIBLV6ZMHN
- Story Text: More than 60 manufacturers from around the world were represented at an international motor show in the Vietnamese capital Hanoi last week.
U.S. producers Ford and Chrysler wwere among the big names, along with Japan's Honda and Gemrany's Mercedez and Opel.
About 6,500 new cars, trucks and buses were sold in Vietnam last year. The country's current per capita income stands at about 200 U.S. dollars a year, according to world bank figures. Mopeds throng the streets of main cities, but in rural areas bicycles are more common. Cars are comparatively rare.
Nguyen Kim Ngoc, a student, said: "I like this car exhibition very much. It's my dream to own a car in the future." Recent months have seen a growing number of auto manufacturers receive licences to set up plants or joint venture companies in Vietnam.
Vietnam has given assembly plant licences this year to consortia led by Japan's Daihatsu Corporation and Suzuki and by Germany's Mercedes-Benz.
Ford and Chrysler were given approval in principle in late August to push ahead with plans for vehicle assembly plants. The approval came in the wake of U.S. President Bill Clinton's decision in July to normalise diplomatic ties with Hanoi.
Executives at the vehicle show said that, while Vietnam represents a cheap production base, it is also being viewed as a potentially lucrative future consumer market and a foothold for companies moving into South-east and East Asia.
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