Ms. Nichapa Yoswee, Managing Director of Reed Tradex Company, one of Thailand’s and Indochina’s leading exhibition and conference organizers said that the Asian Development Bank (ADB) forecasts that Vietnam’s economy will grow 6.5 percent this year on anticipation the government will not adopt additional fiscal stimulus measures and the State Bank of Vietnam (SBV) will further pursue tight monetary policy.
The ADB’s forecast in the report titled “Asian Development Outlook 2009 Update” is based on the assumption that the SBV will eliminate the forex shortage by greater flexibility of its reference rate and increased forex sales. However, analysts of the ADB said in the report that Vietnam’s inflation is likely to rise 8.3 percent this year from 5.2 percent in 2009, backed by rapid growth of money supply this year and possible increases in world commodity prices. In late November last year, the National Assembly, the country’s highest legislative body, also approved the Gross Domestic Product (GDP) growth target of 6.5 percent for 2010.
Vietnam is still the destination where foreign investors are interested in, owing to the government’s undisturbed administrative policies, which are the key factors encouraging further economic developments as planned. The growth rate and expansion of industrial parks in Hanoi have reflected that Vietnam’s industrial sector is the key driver for the national economy. Specifically, Vietnam’s industry is clearly strong in its road map plans.
It is widely open to international manufacturing technologies for exports, as well as has continuous competitiveness in heavy industries e.g. automotive, information technology, textiles, electronics, steel and iron, ship building and construction sectors. Vietnam is mainly based on exportations with the average ratio per GDP higher than 70 per cent. Therefore, such depreciation helps decrease production costs, and benefits entrepreneurs to maintain their export quality and pricing standards.
Revenues from exports and rising demands of the locals for products with higher quality have been the causes of the rapid materialization of the industrial and export processing zones. The real factors that have made it all happen for Vietnamese manufacturing is the transfer of technologies and knowledge. A major concern of the Vietnamese government is trade deficit; in other words, the country needs to up their industrial production for export while relying more on its supporting industries. The government has started tackling the problem by increasing import tariff on automobile parts, and encouraging manufacturers to produce components and parts locally. Although electronics appliances have been part of the country’s export strengths, it is imperative that they continue improving their technological capabilities.
As the only platform for Vietnamese electronics community, NEPCON Vietnam is the only international electronic parts manufacturing technology show in Vietnam where 250 leading brands from 25 countries get connected with potential buyers and partners And here are some familiar names from the big lot you cannot afford to miss: Association of Electronics Industries in Singapore (AEIS for Singapore Pavilion), China Electronics International Exhibition and Advertising Co., Ltd. (CEIEC for China Pavilion), MYDATA Asia Pte Ltd., Panasonic Factory Solutions Asia Pacific Pte Ltd., Mirae Corporation, WKK Pte Ltd., Indium Corporation of America, KSMC Co., Ltd., and many more.
Over 250 leading brands from 25 countries, including 5 international pavilions from China, India, Singapore, Taiwan, Vietnam together with Thailand, are ready to showcase the latest innovations, solutions and services. Both events will present an exciting compilation of the latest technologies to over 8,000 visitors from across Vietnam including overseas Business Delegation from many countries. including 5 international pavilions from China, , Singapore, Taiwan. Both events will present an exciting compilation of the latest technologies to over 8,000 visitors from across Vietnam including overseas Business Delegation from many countries.
In addition to the technological experiences the visitors will gain from the exhibits, they will also benefit from new knowledge and networking opportunities in the shows’ concurrent activities such as “20 sessions of Technology Presentations,” “International Day” on which overseas investors of certain nations will come together as country groups to learn from gurus on business and investment trend of their countries in Vietnam, and “Business Matchmaking” a service that will match local subcontractors with overseas manufacturers for possible business partnership, and “Agent Wanted” which will help global brand providers find local agents.
“NEPCON Vietnam 2010,” the International Electronics Manufacturing Technology Trade Exhibition and Conference – 3rd Edition will be co-located with Vietnam Manufacturing Expo 2010, have maintained their high standards and strong commitments for Vietnam’s manufacturing industry developments. The empowerment of these two events makes the “Largest” and the “Most Comprehensive” manufacturing exhibition in Hanoi during 20–22 May 2010 at I.C.E. Hanoi, with strong supports from: Vietnam Automation Association, Vietnam Electro – Technical Industry Association, Vietnam Steel Association, Vietnamese Association of Mechanical Industry, Vietnamese Society of Automotive Engineers, Vietnam-German Technology Transfer and Training Center, Hanoi University of Technology, BoI Unit for Industrial Linkage Development , Department of Export Promotion, Office of Small and Medium Enterprises Promotion , Thai Subcontracting Promotion Association and Thai Tool & Die Industry Association” concluded Nichapa.
Vietnamese
