A mega support industry event with three exhibitions is slated to be held in Ho Chi Minh City in October, promising to offer opportunities for local producers to update technologies as well as their management capacities.

Two exhibitions, Metalex Vietnam and Nepcon Vietnam, hosted by the Thailand-based Reed Tradex Company, will feature the latest machine tools and metalworking technologies and assembly, as well as measurement and testing technologies for electronics manufacturing.

The number of registered exhibitors is expected to increase by 20 percent over last year's shows, with many national pavilions including Japan, Singapore, Taiwan, Korea, Malaysia, Germany, the UK and Thailand, the company said.

The other exhibition "Business Alliance for Supporting Industry 2014", organised by the Japan External Trade Organisation (JETRO) in HCM City and the HCM City Investment and Trade Promotion Centre, will enable Vietnamese parts producers to meet with Japanese producers to seek business opportunities.

To take place at the Saigon Exhibition and Convention Centre from October 9-11, visitors will also be able to gain new knowledge and networking opportunities through seminars and other activities during the three shows.

The ASEAN Economic Community, which is set to come into existence next year, brings both opportunities and challenges for Vietnamese producers, said Duangdej Yuaikwarmdee, Deputy Managing Director of Reed Tradex.

To remain competitive, local companies must invest in modern technologies, he said.-VNA