Growing Vietnam’s Industry with the Right Technologies at METALEX Vietnam 2011 and "NEPCON Vietnam 2011 Ready to Support Growth of Electronics Market"
Date: Oct 17,2011
From: METALEX Vietnam 2011
Mr. Chainarong Limpkittisin, Managing Director of Reed Tradex said that Vietnam’s Government targets a Gross Domestic Product (GDP) growth of 7.5 percent in 2011, from around 6.7 percent this year. Meanwhile, from Deputy Minister of Industry, Vietnam’s exports are predicted to rise by 10 percent next year from the current figure to reach USD78 billion, driven by rising prices of commodities in the world’s market. Vietnam’s heavy industry, in particular, is seeing a noticeably positive movement as Vietnam-Australia Steel Joint Venture (Vinausteel) has produced up to 2.2 million tons of steel after its 15-year operation in Vietnam. It has also raised the investment and capacity of its steel plant to USD40.02 million and over 200,000 tons of steel per year, from the initial of USD12.7 million and 180,000 tons.
Otherwise Vietnam’s June Index of Industrial Production (IIP) hits a record high this year, surging 12.7 per cent against the same period last year, the Ministry of Planning and Investment reported. June was the first month the IIP, was officially used to replace industrial production value that was calculated on the basis of the base year of 1994. With a record high in June, IIP in the first six months of the year increased 9.7 per cent against the same period last year. This increasing rate was higher than that in the same period of the past few years. The rise in the first half of last year was 8 per cent and the figure in 2009 was 4.5 per cent. Based on the old method, the country’s industrial production value in H1 also surged 14.3 per cent against the same period last year to VND418.5 trillion (US$19.9 billion), higher than the Government’s annual 14 per cent target.
The emerging position of Vietnam as the destination of choice for global manufacturers of cars, electric and electronics, and industrial parts is undeniable. The potential is limitless. METALEX Vietnam 2011 is glad to help drive this growth further through the platform of trade exposition where thousand of sellers and buyers get to conduct face-to-face meeting to secure mutually lucrative deals. This year, we have already been confirmed of participation from China Pavilion, Korea Pavilion, Singapore Pavilion and Taiwan Pavilion, so make sure you do not miss this gathering of international technologies!!
For Electronic Industry in Vietnam, Enterprises in Vietnam believe the electronics market has a lot of room to grow. Recently, the Commerce Center under the Ministry of Industry and Trade disclosed that import spending on electronics and information technology (IT) products exceeded US$5 billion in 2010, up approximately 30% year-on-year. In the first quarter of 2011, import spending on software reached almost US$24 million. The top three IT products with the most impressive growth are laptops, mobile phones and televisions. Moreover, the demand for many electric commodities is expected to surge during the season change. The need for lighting exceeded his company’s supply that a large margin had to be imported. These factors provide substantial reasons that Vietnam is a booming market for investment in electronics and IT industry.
“This year, to support the growing requirement for more effective technologies and machineries, we have received very encouraging feedback from international pavilions this year of their participation, which are Singapore Pavilion, Taiwan Pavilion, China Pavilion, Korea Pavilion and Thai Pavilion. Some of the top brands that visitors will find at the shows include HAAS, Growell, Henkel and Nachi-Fujikoshi, just to name a few. There will also be international delegation from Japan, Hong Kong, Germany, Thailand and many other countries to create a highly dynamic market place. Otherwise we will offer even more business opportunities in order to serve Vietnamese industrialists’ demands by co-locating “METALEX Vietnam’ with an electronics parts manufacturing show called “NEPCON Vietnam2011 ” Vietnam’s Only Electronic Parts Manufacturing Event, the 4th Edition. This combination will cover a more comprehensive range of manufacturing industries i.e. “Machine Tools and Metalworking Technologies” as well as “Electronics Parts Production Technologies,” all for more benefits to professionals industrialists nationwide. These two shows will absolutely be ones of the best events for Vietnam’s industrial developments. Over 700 global brands from 25 countries worldwide will be showcasing their state-of-the-art innovations to more than 10,000 quality buyers from across Vietnam and other countries who will also gain new knowledge from the show’s concurrent conference during October 6-8, 2011, at Saigon Exhibition and Convention Center(SECC). Together, your business grows stronger. Together, Vietnam’s industry grows much further” said Mr.Chainarong.
Otherwise Vietnam’s June Index of Industrial Production (IIP) hits a record high this year, surging 12.7 per cent against the same period last year, the Ministry of Planning and Investment reported. June was the first month the IIP, was officially used to replace industrial production value that was calculated on the basis of the base year of 1994. With a record high in June, IIP in the first six months of the year increased 9.7 per cent against the same period last year. This increasing rate was higher than that in the same period of the past few years. The rise in the first half of last year was 8 per cent and the figure in 2009 was 4.5 per cent. Based on the old method, the country’s industrial production value in H1 also surged 14.3 per cent against the same period last year to VND418.5 trillion (US$19.9 billion), higher than the Government’s annual 14 per cent target.
The emerging position of Vietnam as the destination of choice for global manufacturers of cars, electric and electronics, and industrial parts is undeniable. The potential is limitless. METALEX Vietnam 2011 is glad to help drive this growth further through the platform of trade exposition where thousand of sellers and buyers get to conduct face-to-face meeting to secure mutually lucrative deals. This year, we have already been confirmed of participation from China Pavilion, Korea Pavilion, Singapore Pavilion and Taiwan Pavilion, so make sure you do not miss this gathering of international technologies!!
For Electronic Industry in Vietnam, Enterprises in Vietnam believe the electronics market has a lot of room to grow. Recently, the Commerce Center under the Ministry of Industry and Trade disclosed that import spending on electronics and information technology (IT) products exceeded US$5 billion in 2010, up approximately 30% year-on-year. In the first quarter of 2011, import spending on software reached almost US$24 million. The top three IT products with the most impressive growth are laptops, mobile phones and televisions. Moreover, the demand for many electric commodities is expected to surge during the season change. The need for lighting exceeded his company’s supply that a large margin had to be imported. These factors provide substantial reasons that Vietnam is a booming market for investment in electronics and IT industry.
“This year, to support the growing requirement for more effective technologies and machineries, we have received very encouraging feedback from international pavilions this year of their participation, which are Singapore Pavilion, Taiwan Pavilion, China Pavilion, Korea Pavilion and Thai Pavilion. Some of the top brands that visitors will find at the shows include HAAS, Growell, Henkel and Nachi-Fujikoshi, just to name a few. There will also be international delegation from Japan, Hong Kong, Germany, Thailand and many other countries to create a highly dynamic market place. Otherwise we will offer even more business opportunities in order to serve Vietnamese industrialists’ demands by co-locating “METALEX Vietnam’ with an electronics parts manufacturing show called “NEPCON Vietnam2011 ” Vietnam’s Only Electronic Parts Manufacturing Event, the 4th Edition. This combination will cover a more comprehensive range of manufacturing industries i.e. “Machine Tools and Metalworking Technologies” as well as “Electronics Parts Production Technologies,” all for more benefits to professionals industrialists nationwide. These two shows will absolutely be ones of the best events for Vietnam’s industrial developments. Over 700 global brands from 25 countries worldwide will be showcasing their state-of-the-art innovations to more than 10,000 quality buyers from across Vietnam and other countries who will also gain new knowledge from the show’s concurrent conference during October 6-8, 2011, at Saigon Exhibition and Convention Center(SECC). Together, your business grows stronger. Together, Vietnam’s industry grows much further” said Mr.Chainarong.
Be sure to take advantage of the pre-show activity, ‘METALEX Vietnam 2011’ and ‘NEPCON Vietnam 2011’ Forum to get a deeper insight into the recovery strategies for SMEs and how-to business Ngotiation on Thursday 25th August 2011 Ballroom 1, Sheraton Saigon Hotel The seats are limited to 200 delegates only, so pre-register online today at www.metalexvietnam.com(End)
Contact person: Ms. Kasinee (Maple) Tel: 66 2 686 7306, Mobile: 66 8 19893416
Email: [email protected]
Contact person: Ms. Kasinee (Maple) Tel: 66 2 686 7306, Mobile: 66 8 19893416
Email: [email protected]