70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Hanoinews
Hanoi expo held to lure foreign investment in supporting industries
Nhat Minh 08:49, 2020/10/29
Nearly 190 manufacturers and 20 large buyers have joined online and on-site business meetings at the FBC Hanoi 2020.

The FBC Hanoi 2020 held on October 28-29 is expected to create an opportunity for Vietnamese businesses to promote products, seek customers, connect businesses, expand markets and lure foreign investment in the supporting industries, Mr. Dam Tien Thang, deputy director of the Hanoi Department of Industry and Trade said.

 The opening ceremony of the FBC Hanoi 2020 is held on October 28. Photo: Kinh te & Do thi

Speaking at the opening ceremony on October 28, Mr. Thang emphasized the role of supporting industries in creating product efficiency, quality and cost. An efficient support industry in globalization will help create competitive products, form production networks with multiple layers of supply, connect with multinational corporations, foreign-invested companies as well as assembly businesses in Hanoi and across the country.

Nearly 190 manufacturers and 20 large buyers have joined online and on-site business meetings at the FBC Hanoi 2020. Visitors can book appointments and make on-site and online business matching sessions for free. It is an opportunity for small and medium enterprises to directly approach giants in the manufacturing industry. Vietnamese businesses can also meet face to face with Japanese and Thai buyers without traveling abroad.

The expo is organized to help Hanoi's enterprises in particular and those of Vietnam in general improve their capacity and participate in the supply chain of components and spare parts, including the  industries of electrical and electronic components, auto parts,  motorcycles and mechanical components; supporting industries for the textile and garment, footwear and the high-tech industries.

In addition, international seminars on supporting industry development will be held on the sidelines of the event with the participation of representatives from relevant ministries, departments, and sectors from Vietnam and abroad.

FBC Hanoi 2020 is organized by the Department of Industry and Trade of Hanoi in coordination with Factory Network Asia Group and NC Network Vietnam JSC.

Held since 2017, FBC Hanoi has created positive results to support industry companies. Concretely, it facilitated more than 3,000 transactions with an estimated transaction value of almost US$4.5 million in 2017, almost 4,000 transactions with an estimated transaction value of almost US$5 million in 2018.

RELATED NEWS
TAG: Factory Network Business Expo 2020
Other news
22:06, 2024/04/25
Capital Law revision helps Hanoi promote role as nation’s socio-economic hub
Amending the Capital Law is vital to align it with a comprehensive vision that matches the capital's development momentum, harmonizing economic, cultural, and social progress.
21:30, 2024/04/25
Bus trips from Hanoi to increase by 350% in the upcoming holidays
Local bus stations are expected to handle 950-1,000 bus trips per day.
15:38, 2024/04/25
Hanoi, Vientiane explore cooperation opportunities in tourism development
Hanoi sees cultural and human development not only as goals but also as resources and drivers of development, with heritage preservation and promotion being crucial and leveraged through technology.
17:20, 2024/04/24
Happy Parents, Successful Children: Parenting in digital age
Thanh Cong Secondary School holds a seminar on innovative parenting in the digital age.
15:39, 2024/04/24
Fireworks to light up Hanoi's 70th Liberation Day
The skies over Hanoi will be illuminated by aerial and ground fireworks, bringing joy and excitement to the city's residents.
16:30, 2024/04/22
Hanoi tourism sector struggles with rising airfares
Amid high airfares, tour operators in Hanoi are now looking to explore the northern market.