Business

International expos open to boost trade in industrial products

VNA
Two international exhibitions, the Vietnam Expo and the Vietnam Hardware and Hand Tools Expo, simultaneously opened at the Saigon Exhibition and Convention Centre in Ho Chi Minh City on December 5.

At the event (Source: VNA)

At the event (Source: VNA)

Vietnam Expo 2018, the 16th of its kind held in HCM City, saw the presence of 750 businesses from 20 countries and territories, introducing electronic and electrical products, industrial machines and spare parts, interior and exterior decorations, along with financial, telecom and e-commerce services, among others.
The expo has chosen Belarus as the event’s country of honour, with nearly 60 Belarusian firms having brought their products to the expo. These are in fields Belarus holds strength in, including farming machines, chemicals and petrochemical products, pharmaceuticals, food and beverages.
The Vietnam Expo 2018 is viewed as one of the leading events in attracting businesses of diverse industries. It has established itself as a prestigious trade fair for domestic and foreign enterprises to introduce new products and develop their business network.
The number of participating companies has increased by 30 percent with each year’s expo. Thirty-six percent of visitors to the event are foreigners.
Meanwhile, about 300 businesses have participated in the Vietnam Hardware and Hand Tools Expo 2018, up 40 percent from last year. They come from 18 countries and territories such as India, Japan, China, Germany, Italy, and Denmark.
Phan The Anh, Deputy Director of the Agency for Southern Affairs at the Ministry of Industry and Trade, said that with its positive economic outlook, Vietnam is becoming increasingly attractive to foreign investors, which will generate numerous development opportunities in many sectors. At the same time, supporting industries connect almost all production chains, and they currently benefit from many favourable policies in the country.
Therefore, the two exhibitions, scheduled to last through until December 8, will be effective trade promotion channels for both Vietnamese and foreign businesses, he added.

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