Visitors at Metalex Vietnam 2015 exhibition in HCM City. (Source: VNA/File Photo)

HCM City (VNA)
– Metalex Vietnam, an international exhibition on machine tools and metalworking solutions for production, will return to HCM City this October, offering opportunities for manufacturers to update new technology, expand business networks and exchange experiences with experts at seminars.

Organised at the Saigon Exhibition and Convention Centre in HCM City from October 6-8, the exhibition will feature the widest range of latest technology and know-how provided by 500 brands from 25 countries and is expected to attract 10,000 industry professionals.

Kasinee Phantteeranurak, Project Manager of Reed Tradex Co., Ltd, the exhibition's organiser, said: "Total foreign investment in Vietnam was just 3 billion USD in 2006. It shot up to more than 12.5 billion USD in 2015 and most of the total foreign investment has been in the manufacturing sector.

"Fast forward to 2015 and Vietnam has become one of the most attractive destinations in the world for multinationals to set up a global manufacturing base."

Multinationals that have invested in factories expect to have more local parts suppliers to reduce transport costs and risks.

"Manufacturers will need to adapt and develop new skills, know-how, and technologies to be able to respond to the need for quality parts. This means there are a wealth of opportunities for technology providers to tap the market," said Pham Van Truong, Vice Manager of Z751 Co., Ltd.-VNA