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Home / Economy / Industry
More opportunities for producers in support industry
11:56, 2014/05/12
The Industrial Components and Subcontracting Vietnam (ICSV) Exhibition 2014 and the Vietnam Manufacturing Expo 2014 slated for August 27-29 in Hanoi will allow domestic manufacturers to seek new business and investment opportunities.
Vice Director of the Hanoi Department of Industry and Trade Dao Thu Vinh made the assessment at a press conference in the city.
 

She added both events are expected to help boost the transfer of advanced and energy-saving technologies between producers operating in the support industry, which contributes to increasing benefits of industrial products and reducing production costs.

Through the expos, support-industry enterprises based in Hanoi will be able to foster trade promotion activities, further meet demand of foreign-invested and assembling firms and expand their exports.

Executive Director of the Thailand-based Reed Tradex Co., Ltd Duangdej Yuaikwamdee said local industrial producers are expected to seize the opportunity to approach the latest innovations, solutions and services offered by 200 participating firms at the expos.

Meanwhile, the exhibitions will be good chances for foreign investors to seek Vietnamese partners and grasp information on their demand for imported spare parts, he added.

Representatives from Reedtradex, one of ASEAN’s leading exhibition organisers, and the municipal department signed a contract for the expos and discussed ways to enhance trading activities through such events.

According to the General Department of Vietnam Customs, the country earned 529 million USD in January from the export of machinery, equipment and vehicle spare parts, a year-on-year hike of 15.61 percent.
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