Deal signed to boost HCM City supporting industries through fairs
Deal signed to boost HCM City supporting industries through fairs
The HCM City Centre of Supporting Industries Development (CSID), HCM City Mechanical – Electrical Enterprises, Korea Association of Machinery Industry and the Korea-based Coex Company on Wednesday signed a memorandum of understanding to organise the Viet Nam International Machinery Fair and Vietnam Supporting Industry Fair.
Nguyen Phuong Dong, deputy director of the city Department of Industry and Trade, said the fairs, to be held at the Saigon Exhibition and Convention Centre in December, are expected to have 500 booths set up by 350 local and foreign exhibitors, including from South Korea, Japan, the EU, Taiwan and China.
They will have a business matching area for foreign firms and Vietnamese and Korean component suppliers, a sourcing conference for connecting components suppliers with product manufacturers and a seminar on the fourth industrial revolution.
They will display industrial and supporting industry products made by Vietnamese and foreign firms, typical supporting industry products made in HCM City, machinery and metalworking tools, supporting industry products for the technology, medical, tourism, automation sectors, machinery and related industry services, and others.
“The fairs are among activities organised by the department to help local firms showcase and seek markets for their products, especially firms in supporting industries,” Dong said.
They offer good opportunities for Vietnamese firms to improve their production capacity, gradually enhance connections with other businesses to enter value chains for industrial and supporting industry products, he added.
