Hanoi (VNA) – The Vietnam International Electronics and Smart Appliances Expo (IEAE) 2024 opened in Hanoi on October 30.
Covering 6,000 sq.m, the IEAE exhibition brought together over 260 exhibitors from China and Vietnam, presenting advanced technologies and innovative products. The expo will include consumer electronics, mobile devices, smart wearables, computers, smart home appliances, and electronic components.
The exhibition, running until November 1, is expected to draw more than 10,000 visitors and industry experts.
Speaking at the opening ceremony, Deputy Director of the Department of Asian-African Markets under the Ministry of Industry and Trade (MoIT) To Ngoc Son said that Vietnam has become an important link in the production and supply chains in the region and the world in the fields of electronics, household appliances and smart devices.
In 2023, Vietnam's export and import turnover of computers, electronic products and components reached 57.3 billion USD and 88 billion USD, respectively, accounting for more than 16% of Vietnam's total export turnover and more than 26% of Vietnam's total import turnover.
In the first nine months of 2024, the export and import turnover of these groups of goods reached 52.8 billion USD and 79.1 billion USD, respectively, accounting for nearly 18% of Vietnam's total export earnings and more than 28% of Vietnam's total import turnover.
Vietnam, recognised as a rising economic star in Southeast Asia, has experienced rapid growth, particularly in the electronics and household appliance sectors. Its strategic location, abundant labour force, and favourable investment environment have attracted international companies to establish factories and invest in the country.
According to the MoIT, the Vietnamese electronics industry has shown steady expansion, with a market size that continues to grow. By hosting the IEAE exhibition, Vietnam aims to further energise its electronics market, driving growth in this dynamic field.
As one of Southeast Asia's most influential electronics and home appliance exhibitions, the IEAE has drawn the participation of prominent companies and brands such as Bear Electric Co., Ltd (BEAR), Foshan Shunde Stelang Electric Appliance Co., Ltd, and Cixi Beilian Electrical Appliance Co., Ltd./.
