First Look at First Launch of New Tech @ NEPCON Vietnam 2009

Ms. Nichapa Yoswee, Managing Director of Reed Tradex Company, one of Thailand’s and Indochina’s leading exhibition and conference organizers revealed that the Ministry of Industry and Trade (MoIT) plans to invest in advanced technologies, up to 45 percent of the total production until 2020, in many industrial sectors, such as computer electronics, mechanical engineering and metallurgy, as well as to increase the funding for research into developing these industries.

 

Consequently, the government will provide relevant businesses preferential interest rates, guaranteed bank loans and import tax breaks for their high-technology projects. As well, it will create favorable atmosphere to encourage overseas technology transfers to Vietnamese partners, and soon to finalize policies on sale of shares for foreign businesses in this particular sector

 

So there are obvious reasons why NEPCON Vietnam should be organized in Vietnam. NEPCON will not only answer to the rising needs of Vietnamese electronics manufacturing industry but also will influence further growth and induce the shift of direction of the supporting industry. It is the forum where the people who will orchestrate and the people who will profit from this phenomenal growth converge. An Electronics Manufacturing Technology International Trade Exhibition and Conference, will host technologies from China, Germany, Japan, Korea, Malaysia, Singapore, Taiwan and Thailand, more over 250 international technology providers from 20countries and it is the destination of over 8,000 industrials from all over the country, and recognized by the industry as the place to learn, to network and to trade.Vietnamese who interested can visit www.nepconvietnam.com

Mr. Hoang Thai An, Vietnam Electrotechnical Industry Association’s Chairman uncovered that high domestic demand is a huge opportunity for the development of this industry, and that electrical equipment manufacturers still have an opportunity to diversify their product lines which can save electricity and use energy more efficiently. In the meantime, the association has submitted a tax proposal to the Ministry of Finance to help reduce import taxes for the electronics entrepreneurs. Also, it has urged the Ministry of Industry and Trade to ratify regulations on electronics contractor appointment.

 

A representative of the Association of Electronics Industries in Singapore (AEIS) said that, “Vietnam is an up and coming market. Exhibitors felt that Vietnam would be the right place and time to expand their businesses”; the association is bring in a whopping number more than 20 companies to exhibit in “Singapore Pavilion” in the show where they will be able to establish or advance relationships with Vietnamese buyers. Coming in groups are also China Group and Japan Group.