17:24 (GMT +7) - Tuesday 12/12/2017

Vietnam Today

Vietnam Expo 2017 in HCMC on horizon

Released at: 14:19, 23/11/2017 BUSINESS SPOTLIGHT

Vietnam Expo 2017 in HCMC on horizon

Photo: Vinexad

15th Vietnam Expo 2017 in HCMC set for December 6 to 9 at Saigon Exhibition and Convention Center.

by Tue Lam

The 15th Vietnam Expo 2017 in Ho Chi Minh City will take place from December 6 to 9 at the Saigon Exhibition and Convention Center (SECC) in District 7.

Building upon the successes gained over its fourteen years, the expo will provide a venue for local and international businesses to exchange opportunities and further trade and investment.

Vietnam is considered a market of potential in ASEAN, with long-term prospects for growth through an improved business environment and greater participation by private investors in GDP growth.

The country has signed or is negotiating 16 free trade agreements that will help it integrate more deeply into the global economy.

Vietnam Expo celebrates its 15th holding by organizing the largest exhibition to date. Organizers said that in 2015 there was 320 businesses and 520 in 2016, while 750 will attend this year, in 800 pavilions from 16 countries and territories such as India, Taiwan, Germany, South Korea, Indonesia, Malaysia, the US, and China. The expo was attended by 11,650 customers last year and thousands of agreements were concluded.

Showcasing a diverse range of products, the expo is a good platform to introduce new products and seek partnerships, with customers providing feedback on market consumption at the 800 pavilions in different categories, including electronics and electrical appliances, tech devices, equipment and accessories, manufacturing machinery, construction materials, tools and hand tools, interior and outdoor décor, food and beverages, and cosmetics.

“We visit similar exhibitions in different countries every year and this is my third time at the Vietnam Expo in Ho Chi Minh City and Hanoi,” said Mr. Peter Chan from Singapore. “More and more products and categories being introduced every year prove how local market demand is rising.”

There were 890 registrations on the expo’s website, e-newsletter, and fanpage, of which 65 per cent are from the UK, the US, Portugal, Russia, Slovakia, Belarus, and Asia.

Vietnam Expo in Ho Chi Minh City is honored to welcome more than 140 enterprises from South Korean trade promotion organizations, including the Gyeonggido Business & Science Accelerator (GBSA), the Daejeon Business Agency, the Suwon Chamber of Commerce and Industry, the Incheon Business Information Technopark, the Korea Institute of Startup and Entrepreneurship Development, and the Daegu Technopark Sports Support Center (Daegu Technopark Sports Support Center).

For the first time, a group of famous South Korean universities will be in attendance: SunChon National University, Chosun University, Jeonju University, Chungbuk University Chungbuk National University, Korea National University of Transportation, Hannam University, and Hoseo University. The Korea Pavilion covers 1,260 sq m.

Though South Korean traders already have an extensive presence in Vietnam, they expect more opportunities will be created through business matchmaking programs at the expo.

FDI from South Korea has tripled since 2012, to $50 billion, making it the leading investor in Vietnam. Bilateral trade doubled, to $42.8 billion, primarily in processing, manufacturing, information and communications, and real estate. Leading FDI recipients in Vietnam are Hanoi, Ho Chi Minh City, Hai Phong, and southern Dong Nai and Binh Duong provinces.

This year marks the 25th anniversary of diplomatic relations being established between Vietnam and South Korea, with the numerous achievements reached contributing to development and cooperation in the region and the world at large.

One-hundred and forty South Korean enterprises will introduce new products and services based on advanced technology, to bolster bilateral trade to $100 billion in 2020.   

The Taiwan Trade Center Inc., (TAITRA), which is also a sponsor, will present well-known products at the Taiwan Pavilion in an attempt to promote trade among producers and traders. 

Taiwan has made ceaseless efforts to promote research and development (R&D), with the aim of achieving the highest level of quality and environmentally-friendly products, such as bottle hooks, water bottle racks, mousetraps, and insect traps, as well as useful solutions in daily life such as customized desks for students and offices, luggage, water heaters, fruit washers, R.O water purifiers for the home or industry, towels, pet food and accessories, unique and creative jigsaw puzzles for kids, and tools. Visitors can also learn more about pain therapy studies and beauty care treatment with natural medicines and cosmetics.

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