Vietnamese manufacturers in the light industries sector are taking the opportunity to unveil their latest products to their overseas partners at the 2012 Vietnam International Industry Fair which got underway in Hanoi on October 17.

Vietnamese and overseas manufacturers from Russia, China, the Republic of Korea and several ASEAN member countries are showcasing the latest machinery and equipment in the sector such as automated production systems, processing machinery and vehicular transport.

The fair aims to boost trade and investment ties between Vietnamese manufacturers in this sector and their overseas counterparts during the current economic downturn, said Nguyen Danh Thuan, Deputy General Director of the Vietnam Exhibitions and Fair Centre.

On the first day, the fair boasted several contracts worth hundreds of thousands of US dollars being signed between Vietnamese firms and international companies.

The event will run until October 21.-VNA