Int’l Exhibition on Machinery and Technology for Manufacturing and Supporting Industries Opens

4:31:33 PM | 15/8/2019

Reed Tradex Ltd. Co. - the ASEAN’s Leading Exhibition Organizer - and the Japan External Trade Organization (JETRO), Hanoi Representative Office with the honorable presence of the representatives from Ministry of Industry and Trade and the Embassy of Japan in Vietnam on officially inaugurated the grand co-location of the 11th Vietnam Exhibition on Machinery and Technology for Manufacturing and Supporting Industries named “Vietnam Manufacturing Expo (VME 2019)” and “The 8th Vietnam - Japan Supporting Industries Exhibition (SIE 2019)” during August 14-16 at Hanoi International Exhibition Center (I.C.E).

The Opening Ceremony was honored to welcome the presences of Mr. Do Thang Hai, Deputy Minister of Ministry of Industry and Trade, His Excellency Mr. TANEE SANGRAT, Ambassador of Thailand to Vietnam, Mr. DAISU OKABE, Minister of Embassy of Japan in Vietnam, Mr. HIRONOBU KITAGAWA, Chief Representative of Japan External Trade Organization (JETRO Hanoi) Mr. Vu Ba Phu, Director General of Vietnam Trade Promotion Agency (VIETRADE), and other leaders from Vietnamese and international business associations.

These powerful two exhibitions (VME 2019 and SIE 2019) will “double” business opportunities and increase the localization index for the machinery and supporting industry in Vietnam with the participation of over 200 leading brands, from 20 leading technology countries including Japan, Korea, China, Taiwan, Thailand and the USA.

Mr. Vu Trong Tai, General Manager, Reed Tradex Vietnam – VME 2019 organizer, expressed the positive belief in Vietnam's potential: "Vietnam is considered as one of the potential markets in industrial sector among ASEAN countries. Together with the movement of investment in production, the support by the government policy, advantage in human resources that many multinational corporations in the world have built factories in Vietnam's industrial zones to expand resources and increase production capacity to meet the market demand and needs which growing both domestically and internationally.”

As the co-organizer, Mr. Hironobu Kitagawa, Chief Representative of the Japan External Trade Organization (JETRO) Hanoi, shared: “The exhibitions were organized to   support for the supporting industries in Vietnam and increase the local procurement, purchasing ratio of parts and components for Japanese companies operating in Vietnam.”

Minister of Embassy of Japan in Vietnam, Mr. Daisuke Okabe not only see the increase of community of Japanese companies in Vietnam, but also the opportunity to grow sustainably: “This exhibition has created opportunities for businesses to meet and exchange business information with each other. Within 1,800 enterprises who are members of the Japanese Chamber of Commerce and Industry (JCCI) in Vietnam, up to half of those are operating in the field of supporting industries. Therefore, in this context, Vietnam's small and medium enterprises, especially manufacturers and suppliers in the supporting industry, play a key role, helping Japanese businesses to ensure the business activities in Vietnam market.”

At the Opening Ceremony, Mr. Do Thang Hai, Deputy Minister, Ministry of Industry and Trade, said: “In previous years, with the active participation of the Government, Ministries, Departments, Branches, Localities and the Business Community, the supporting industries in Vietnam have achieved remarkable results. The industrial enterprises had increased in both quantity and quality, improved production capacity and participated more and more in the global value chains. In the early stage of this year, during the mid-term review meeting of the Vietnam-Japan Joint Initiative (phase VII), Vietnam and Japan agreed to deploy 03 activities to strongly support for the development of the supporting industries in Vietnam, including investment in jigs, molds, human resource training, business management, external trade, market promotion to increase business sales and reduce production costs.”

In the context of strengthening the advantage in global competition, VME 2019 and SIE 2019 co-located exhibitions supported by Japan External Trade Organization (JETRO) Hanoi and Reed Tradex will focus on Vietnamese enterprises, especially the group of Small and Medium-sized Enterprises (SMEs). Mr. Vu Trong Tai also shared: “The exhibition creates a unique platform to connect technology and solutions providers, suppliers with industrial manufacturers so that all parties can explore the possibility of cooperation and establish business network. The exhibitions will support businesses, especially SMEs in Vietnam to increase competitiveness in the manufacturing and supporting industry.”

In Vietnam and ASEAN countries, Small and Medium - sized Enterprises (SMEs) play an important role in the economy. This year, to support SMEs group, it is the pleasure for VME 2019 to have the strategical partnership with LinkSMEs project (by USAID). The project has decided to implement in 2018-2023 with total budget at 22.1 billion USD. In detail, the project is expected to catalyze systemic changes in business relationships and significantly increase the quantity and quality of linkages between Vietnamese enterprises and global value chains.

Together with the participation of 200 brands from more than 20 countries, hundreds of machines and technologies solutions, as well as many on-site activities during all show days, VME 2019 and SIE 2019 will both exhibitors and visitor the updates on industrial machine and solutions as well as comprehensive opportunities for connecting with suppliers, vendors, distributors and potential partners.

Exhibitors and visitors can find news and regularly updated details about the event in order to develop complete production lines as well as receiving more business opportunities in manufacturing and supporting industries on the show website at: www.vme-expo.com