METALEX Vietnam and Supporting Industry Exhibition 2022 shape the new normal
Vietnam continues to be a safe destination for foreign investors as a result of its adaptable economic policies and successful vaccination campaign.
Vu Trong Tai, general manager of RX Tradex Vietnam, the organizer of METALEX Vietnam 2022 stated, “Despite being impacted by the pandemic, Vietnam's economy has proven its resilience thanks to the adaptable reaction of enterprises and the prompt actions of the government. The changing geopolitical trends and the timely execution of economic cooperation will further strengthen Vietnam’s position. This is a good opportunity for Vietnamese entrepreneurs."
Matsumoto, chief representative of Japan External Trade Organization's (JETRO) Ho Chi Minh office, echoed the sentiment that Vietnam’s standing is improving.
"Trade and investment between Vietnam and Japan have made substantial achievements in recent years. According to statistics, 55.3 per cent of enterprises plan to expand their operations in Vietnam during the next one to two years, the highest number in Southeast Asia. In comparison to the rest of Asia, only India, Bangladesh, and Pakistan surpass this number. In contrast, only 2.2 per cent of enterprises in Vietnam indicated that they would narrow their operations, the smallest percentage in Southeast Asia and the second-smallest in Asia after Pakistan," Matsumoto said.
Furthermore, beginning in 2021, the Japanese Ministry of Economy, Trade, and Industry implemented an aid policy aimed at diversifying overseas supply chains.
If the number of projects selected is divided by country, 103 projects have been selected, with Vietnam accounting for the most, with 41 projects. This demonstrates the level of interest in the project.
Nonetheless, Vietnamese enterprises face many obstacles. According to Vu Trong Tai, "In order to take advantage of international corporations' opportunities to invest and expand factories in Vietnam and participate deeply in the global supply chain, Vietnamese manufacturers must improve their competitiveness by updating new technologies, increasing productivity, reducing consumption, enhancing human resources, and linking and cooperating in chains."
Matsumoto also brought up a number of problems, such as "the quality of products and the lack of complete techniques, which make it hard to get parts and supplies in Vietnam."
METALEX Vietnam 2022 is ready to come back on October 6–8 at SECC, 799 Nguyen Van Linh, District 7, Ho Chi Minh City. This will assist Vietnamese manufacturers in modernising technology, building networks, and deeply participating in the global supply chain.
RX Tradex also collaborates with the JETRO, the Ho Chi Minh City Center for Supporting Industries Development, and the Investment and Trade Promotion Center to organise the Supporting Industry Exhibition 2022 at the same time and location as METALEX Vietnam 2022.
The fair will be attended by more than 250 brands from 20 countries, including Accretech, Epson, Mitutoyo, Takamaz, Yamaha, Hiwin, LKM, New Century, Delta, Showadenki, and companies from international pavilions such as India, Taiwan, Germany, South Korea, Japan, Singapore, and Thailand.
There are many activities at METALEX, including technology showcases, a conference from the Vietnam Welding Society, the Engineering Master Class from the Ho Chi Minh City Mechanical-Electrical Enterprise Association, the Final Round of the Welding Competition, Technology Runway, and Business Matchmaking Event.
In addition, the METALEX Vietnam team arranges intense events such as the M-TALKS The Series programme and factory visits. Attendees can delve deeper into the most recent market trends, interact with partners, and receive advice directly from industry professionals.
The Welding Competition 2022, organised nationwide with generous support from the Vietnam Welding Society, is a bright spot for the Vietnamese welding community. The competition aims to recognise outstanding individuals and groups in the field of welding technology, with the opportunity to shine at the final round during the METALEX Vietnam 2022 exhibition.
Finally, the forum "Navigate the future manufacturing – Deeply participate in global supply chains,” which aims to provide Vietnamese manufacturers with a comprehensive understanding of all aspects of the manufacturing industry, allows them to enter the supply chain with confidence.
METALEX Vietnam 2022 will continue to promote its important position in Vietnam's manufacturing community, becoming an ideal destination for suppliers and customers.