Exhibitions help promote links in support industry

A string of exhibitions of machine tools , electronic technologies and equipment, and solutions for support industries kicked off in HCM City on October 6.
Exhibitions help promote links in support industry ảnh 1Visitors to NEPCON Vietnam 2015 (Source: VNA)

HCM City (VNA) – A string of exhibitions of machine tools , electronic technologies and equipment, and solutions for support industries kicked off in HCM City on October 6.

The METALEX Vietnam , the NEPCON Vietnam, and a supporting industrial product exhibition are displaying over 500 brands from 25 countries and territories with a developed supporting industry, including Japan, Singapore, the Republic of Korea, India, China, Thailand and Taiwan (China).

The events offered domestic and foreign exhibitors a good chance to share information, enhance links and establish partnerships, especially in industrial production and manufacturing.

According to Director of the municipal Investment and Trade Promotion Centre Pham Thiet Hoa, a support industry development centre and a showroom of support industry products were set up in HCM City to promote the development of the support industry.

Infrastructure facilities serving the sector have been invested while support industry projects have been included in the city’s promotion programmes, he added.

Vice Chairman of the municipal People’s Committee Le Thanh Liem said the city is seeking to bolster links between investors in high-tech zones and domestic support industry producers, whilst applying preferential policies related to trade and investment promotion, credit support, technological innovation for businesses operating in the field.

Vietnam’s metal, plastic, rubber, electricity and electronic industries are set to meet 60 percent of industries’ spare parts demand by 2020, and 80 percent by 2030.

Industrial and export processing zones in HCM City are home to 260 foreign-invested firms specialising in electronic, mechanical and automobile industries, accounting for 50 percent of the total foreign businesses.

Metalex Vietnam, an international exhibition on machine tools and metalworking solution show, offers chances for manufacturers to update new technology, expand business networks and exchange experiences with experts at seminars.

Meanwhile, Nepcon Vietnam 2016 is displaying testing technologies, equipment and support industries for electronics manufacturing.

These serve as business-matching platforms, enabling domestic and foreign firms to seek investment and cooperation opportunities, thus forming partnership in the supporting industry.-VNA

VNA

See more

At the opening ceremony of HortEx Vietnam 2025 (Photo: VNA)

HCM City HortEx showcases agricultural technologies, smart farming

HortEx Vietnam 2025 also serves as a gathering place for businesses, cooperatives, and agricultural producers from more than 16 provinces and cities across Vietnam, providing an excellent opportunity for local enterprises to exchange knowledge, learn from international experience, access new technologies, and expand their markets.

Hyundai Accent remains the best-selling model, with 455 units delivered to customers in February. (Photo: VNA)

Hyundai auto sales remain stable in February

In February, Hyundai Accent remained the best-selling model, with 455 units delivered to customers. It was followed by Hyundai Tucson with 403 units, Hyundai Stargazer with 304 cars, and Hyundai Creta with 303 vehicles.

Prime Minister Pham Minh Chinh speaks at the second meeting of the National Steering Committee for Financial Inclusion in Hanoi on March 12. (Photo: VNA)

PM requests stronger efforts to ensure comprehensive, equitable financial access

PM Pham Minh Chinh, who is also head of the steering committee, highlighted the significance of the strategy for the country's socio-economic development, saying that it enables individuals and businesses to access essential financial resources and services for development, improving living standards of the people, and promoting savings and investment.

Manufacturing toys for export at Bilion Max Vietnam Export Processing Co. Ltd. in Hue city. (Photo: VNA)

Vietnam’s economy poised to grow 6.8% this year: WB

“Vietnam is projected to maintain robust economic growth over the next two years, but it can use its fiscal space to better prepare for heightened uncertainties”, said Mariam J. Sherman, World Bank Director for Vietnam, Cambodia and Laos at a press conference.

A shopping mall in HCM City. The retail property market in HCM City is expected to see further growth this year. (Photo: gkg.com.vn)

HCM City retail property market expected to heat up

In 2025, the commercial real estate market, especially in HCM City, is forecast to undergo significant positive changes, with an improved supply. It can be said that this segment will "transform" to recover for a new growth cycle.

Illustrative image (Photo: VNA)

Measures needed to boost business optimism: VCCI

According to the Ministry of Planning and Investment, there are currently 940,000 active enterprises, falling short of the target of one million by 2020 and 1.5 million by the end of the year.

Site clearance has been completed for the Metro Line No.2 project. (Photo: sggp.org.vn)

HCM City to use municipal budget for Metro Line No. 2 project

The Metro Line No. 2 project has an estimated investment of nearly 47.9 trillion VND (2 billion USD) and has nearly completed land clearance, at 99.8%. The NA’s Resolution 188 authorises HCM City to develop seven metro lines spanning 355 kilometres over the next decade, with preliminary total investment for the 2025-2035 phase estimated at 40.2 billion USD.