Fairs & Exhibitions
Last updated: Wednesday, March 29, 2017
LEDTEC ASIA 2016 – New Breakthrough of Led MarketPosted: Wednesday, September 28, 2016
Vietnam Int’l LED/OLED & Lighting Show 2016 (LEDTEC ASIA 2016), taking place during September 29-30, 2016 in I.C.E Hanoi – 91 Tran Hung Dao, Hanoi, will be the ideal solution for companies who desire to expand their overseas business in the new rapidly growing LED lighting market of Vietnam and Southeast Asia.
To support for a project of The Developing and Promoting LED Technology for Vietnam Lighting, hosted by the Vietnam Association of Science and Technology (VAST), EXPORUM Inc. – The organizer of LEDTEC ASIA 2016 – brings the 6thspecialized exhibition of LED in Vietnam to Hanoi.
Following the successful exhibition last year, LEDTEC ASIA 2016 has the participation of more than 150 booths with the major brands from Korea, China, Taiwan, Japan, Singapore, India and other overseas pavilions. Moreover, well-known LED and lighting brands from Vietnam such as Rang Dong, Dien Quang, Fawookidi promise to create interesting specialized activities for LEDTEC ASIA 2016.
Last year, LEDTEC ASIA 2015 in HCMC reported the participation of 124 booths from 10 countries, attracted 18.000 visitors including enterprises, buyers, associations and government agencies. Especially, Business Matching Program offered a structured, highly effective way for buyers to meet new business opportunities. In 2015, the Business Matching in LEDTEC ASIA recorded the total contract value of US$74 million which promises to offer much more valuable contracts in 2016.
“This event is an effective bridge between producers, distributors and consumers to make sales policies and consistent sales in the Vietnamese market. This exhibition is also a good opportunity for manufacturers to have market researches and customer tastes for enterprises to further develop production and business in the future,” said Dr. Doan Duy Khuong, Vice President of Vietnam Chamber of Commerce and Industry (VCCI) in his opening speech.
Vietnam is a market growing dramatically in Asia with the population of more than 93 million who highly consume saving energy products in the manufacture as well as daily activities.
According to International Energy Agency, the electrical consumption for lighting activities takes about 20% of the entire electrical consumption all over the world. This challenges many countries to find out the way to save the lighting cost in industrialization & modernization process. Therefore, LED technology is being considered due to its advantages of longevity, light quality and CO2 reduction.
In Southeast Asia, the scale of lighting in 6 countries including Thailand, Singapore, Malaysia, Vietnam, Indonesia and Philippines in 2015 reached US$4.8 billion approximately; LED industry occupied about US$1.5 billion in total and has been forecasted to reach US$1.9 billion in 2016.
“The LED industrial lighting market has continuously grown owing to the rising demand worldwide. In the Southeast Asia, this trend is not the exception when LED lighting market share has increased significantly. Vietnam also maintains year over year increase of more than 60% in 2013-2015 and still attractsforeign investment for projects of developing semiconductor and LED lighting equipment manufacturing factories this year,” remarked Mr. Danny Hyundae Shin, Chairman of Korea Exhibition organizer’s Association,CEO of Exporum Inc.
Besides the exhibition activities, LEDTEC ASIA Organizer continues on creating a series of seminar whose speakers are from domestic and international enterprises to have speeches and the specialized share from VAST and Vietnam Lighting Association about Vietnam LED situation.