More than 80 Vietnamese enterprises will tour China from Nov 25-28 to take part in an international trade fair on construction machinery (Bauma China 2008) in Shanghai, the Vietnam News Agency reported.
Speaking at a press conference in Hanoi Sept 10, Dang Kim Giao, Director of the Ministry of Construction’s Information Center, said the fair will not only be significant for Vietnamese enterprises but also help foreign businesses to seek investment opportunities in Vietnam.
The biennial event, which began in 2002, is a rendezvous for worldwide suppliers and policy makers in the fields of industry, trade and service.
During the last fair, large companies from China, Germany, the U.S., Japan and the Republic of Korea met and planned to cooperate with Vietnamese partners.
Also at the press conference, Manfred Wutzlhofer, CEO and General Director of the Munich International Trade Fair (MMI), spoke highly of the development of Vietnam’s construction market and affirmed that MMI considers Vietnam as a strategic market to expand its operation.
Vietnam may be considered one of the most important markets in Asia, behind China and India, he said.
Over the past years, Vietnam’s construction sector has made remarkable progress, especially in urban and housing development.
The country’s real estate market has attracted the largest portion of foreign direct investment (FDI) capital, which was US$21.4 billion in the first seven months of this year. The figure accounts for over 48 per cent of the country’s total registered FDI compared to 35 per cent in 2007. (VNA)
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