16:30 | 01/05/2016 Industry
(VEN) - Special exhibitions, including Vietnam Manufacturing Expo (VME) 2016, Industrial Components and Subcontracting Vietnam (ICSV) 2016 and Vietnam Sheet Metal (VSM) 2016, which were held recently in Hanoi, attracted many international industrialists contributing to boosting the development and competitiveness of Vietnamese support industries.
A transaction center for manufacturers
This year’s Vietnam Manufacturing Expo hosted more than 200 brand names from 20 countries including Germany, Japan, the Republic of Korea and Thailand, and focusing on the plastic and mould production sector in order to better meet demand in the electronics, spare parts and motorbike component sectors.
The organizing board expected to set up a transaction center for leaders of industrial spare part factories, engineers, production managers, and industrialists who are seeking new solutions, new spare parts, new suppliers and new knowledge in order to keep up with future trends created by the ASEAN Economic Community.
The exhibition welcomed 8,613 industrialists and 305 groups of domestic and international visitors who sought solutions and tools to facilitate future growth and development. Together with the Business Connectivity Program, the Vietnam Manufacturing Expo achieved success as it helped businesses directly contact quality buyers.
Apart from products, machinery and high technology in support industries, the expo included sideline activities such as a welder contest and a technology star booth intended to help Vietnamese businesses learn about advanced technology and share experiences with experts from international big-name companies.
According to Duangdej Yuaikarmdee, Deputy Managing Director of the Reed Tradex Company, which has organized the expo, Reed Tradex wants to take the latest technologies to Vietnam with robots and automation systems in focus, while at the same time helping Vietnamese industrial manufacturers train many more skilled workers.
Opportunities to attract investors
In the context of robust growth in the Vietnamese industrial sector, the Vietnam Manufacturing Expo is not only a place for manufacturers to share their experiences and seek partners but also the opportunity for Vietnam to attract foreign investors.
Thai Ambassador to Vietnam Manopchai Vongphakdi said that since Vietnam and Thailand became ASEAN members, the two countries have achieved positive results in trade and investment relations. In particular, the two countries have recently increased their relations to a strategic partnership. Thai businesses in support industries took their products to the expo to show their high technology, seek opportunities to exchange with Vietnamese companies and promote trade between the two countries.
Together with more than 200 brand names from 20 countries at Vietnam Manufacturing Expo 2016, Thai machinery and tools intended to increase productivity, production accuracy and reduce production costs.
Manopchai Vongphakdi believed that with precision tools, technology updates, and business and networking opportunities offered at the expo, Vietnamese plastic and mould producers will quickly renew their technology in order to integrate globally in the most effective manner.
The ambassador also said that Thai investors had invested US$7.88 billion via 428 projects in Vietnam in the first two months of this year taking 11th place among the 112 foreign investors in the country. Most of them have invested in industrial production via 220 projects with total capital of US$7 billion accounting for 47 percent of Thailand’s total projects and 88 percent of Thailand’s total investment capital in Vietnam.
Paiyada Hanchaisuksakul, Director of the Small and Medium Industrial Institute (SMI), the Federation of Thai Industries (FTI), said that to continue developing and stabilizing, Vietnamese manufacturers need to update new production methods and new technology in order to increase productivity. She also said that the SMI and 15 Thai component producers and subcontractors have participated in Vietnam Manufacturing Expo 2016 and have made good deals with Vietnamese industrialists.
Yulan Hsu, Marketing Manager of the Cosen Machinery Ind. Co., Ltd., also said that Vietnamese support industries are developing and are in a dire need of exchanging new technology with partners and clients. “By participating in the expo we hope to find and expand new markets, while connecting with potential partners and clients,” she said.