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.
Visitors to NEPCON Vietnam 2015 (Source: VNA)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
You should also see
HCM City moves towards Net Zero
Ho Chi Minh City is building a project to restructure its industry towards sustainable development in the 2025-2030 period, with a vision to 2050, prioritising the use of high technology and reducing emissions towards net zero emissions by 2050.
See more
Business
Vietnam earns 1.43 billion USD from rice exports in Q1
ietnam in the first quarter of 2024 exported 2.18 million tonnes of rice, earning 1.43 billion USD, an increase of 17.6% in volume and 45.5% in value year on year. Meanwhile, the average export rice price also increased by 23.6% to $653.9 per tonne.
Business
Old loans must endure higher interest rates temporarily: central bank
The average lending interest rate for new loans by commercial banks is reported at around 6.4% per year, a decrease of 0.7 percentage point per year compared to the end of last year. However, borrowers with loans issued before the latest rate adjustment still must pay higher rates, according to the State Bank of Vietnam (SBV).
Business
Vietnam among top domestic infrastructure investors: Ambassador
Vietnam is one of the leading countries in Asia in terms of investment for infrastructure development, allocating 5.7% of its Gross Domestic Product (GDP) to projects in this field, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the United Nations (UN).
Business
Vietjet adds more flights to Dien Bien
To meet the rising demands to visit Dien Bien of people and tourists during the celebration of the 70th anniversary of the Dien Bien Phu victory, Vietjet increased the frequencies of flights between Hanoi, Ho Chi Minh City and the northwestern province to 28 per week.
Videos
Agro-forestry-fisheries products nearly double in Q1
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at over 13.5 billion USD, up nearly 22% over the same period last year, according to the Ministry of Agriculture and Rural Development.
