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

VinFast showcases its complete range of electric vehicles at the BIMS 2024 exhibition. (Photo: VNA)

Vietnamese products rise from villages to global markets

Many Vietnamese brands like VinFast, Hoa Phat, Viettel, Vinamilk, and GrowMax have steadily increased their market share at home, expanded their export markets, and built production and value chains, all while contributing to the country’s economic growth.

At the forum (Photo: baoquocte.vn)

Vietnam – a land of opportunities for Nordic firms

Ole Linnet Juul, Senior Chief Advisor of the Confederation of Danish Industry, commended Vietnam’s recent strides, particularly in institutional reforms, technological advancements, innovation, and digital transformation.

Apartments building in HCM City. 2025 is predicted to be a crucial foundation year for the real estate sector in HCM City. (Photo baoxaydung.com.vn)

HCM City real-estate market predicted to recover this year

2025 will serve as a crucial foundation year for the real estate sector in Ho Chi Minh City, marking the path towards a full recovery by 2026 after facing challenges caused by COVID-19 and economic recession, experts predicted.

The Commission for Management of State Capital at Enterprises transfers the rights and responsibilities of the agency representing state capital ownership to the Ministry of Finance. (Photo: VNA)

State capital ownership rights transferred to Ministry of Finance

After merging with the Ministry of Planning and Investment and receiving 18 state-owned groups and corporations from the Commission for Management of State Capital at Enterprises (CMSC), the Ministry of Finance acts as the 'backbone' of the economy, managing all financial resources from public investment and resources from these groups and corporations, to foreign loans.

At the ceremony on February 28 to officially transfer MobiFone Telecommunications Corporation from the commission to the Ministry of Public Security. (Photo: VNA)

State-owned MobiFone now under Ministry of Public Security

MobiFone's profit before tax in 2024 was estimated at over 2 trillion VND (78.23 million USD), exceeding its annual target by 20.6%. The corporation's digital services sector has witnessed high growth rates across many products and services, including MobiFone Meet (1,050%), Cloud (312%), mobiAgri (49%), and MobiFone Invoice (58%).

Investors monitor the development of the stock market at MB Securities JSC (Photo: VNA)

Vietnam pushes to elevate stock market

Vietnam will create favourable conditions for the stock market to develop more breakthrough and innovative products, enhancing the quality of market offerings and attracting more investors.

The economy's total credits reach over 15.6 quadrillion VND (610.3 billion USD) in 2024 (Photo: VNA)

Banking sector urged to expand credits to support economic growth

SBV Deputy Governor Dao Minh Tu stated that an average credit growth of over 2% would contribute to a 1% increase in the country's GDP. Therefore, for 2025, the central bank aims for a credit growth target of around 16% to contribute to the economic growth target of 8%.

Garment production at May 10 Corporation (Photo: VNA)

Vietnam emerges as key hub for int’l textile manufacturers

Vietnam’s textile sector, comprising around 7,000 companies and over 3 million workers, dedicates 80% of its production capacity to exports and 20% to domestic consumption. The industry’s growth is supported by a well-developed logistics network, a skilled workforce, and a stable political environment.

Apartment buildings along Metro Line 1 and Vo Nguyen Giap Boulevard, Thu Duc city. (Photo: VNA)

Metro Line 1 prompts investments in HCM City's eastern apartment market

The newly operational Metro Line 1 is a key driver for real estate projects, particularly in retail and office spaces. The commercial real estate sector typically lags behind the residential market. As communities grow and stabilise, demand for commercial spaces rises accordingly.