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The 2nd Vietnam International Trade Exhibition
& International Wires, Cables and Materials Equipment
Exhibition
Time, month, day to day, location
Hanoi, the capital of Vietnam
Organizer
Vietnam Department of Investment and Planning, Ministry of Industry and Trade of Vietnam
Organizer
Hanoi Trade Promotion Bureau, Vietnam Ministry of Industry and Trade Exhibition and Advertising Company
Supporting Unit< br/>Vietnam Ministry of Construction, Vietnam Ministry of Science and Technology, Vietnam Hanoi Municipal Government
Vietnam Trade Promotion Bureau, Vietnam Chamber of Commerce and Industry, Vietnam Association of Government Ministries and Commissions, Economic Organization Units
China Designated Exhibition
Guangxi Nanning Huabo Exhibition Service Co., Ltd.
Contact person
Deng Fang
Fax
1
Exhibition introduction and market overview
Vietnam has a population of 10,000 and its economic development rate in recent years ranks among the top ten in the world. . Today, the Vietnamese market is filled with all kinds of Chinese-made goods, and China is Vietnam's largest trading partner. The total trade volume between China and Vietnam exceeded 10,000 US dollars in 2017, of which Vietnam's exports to China accounted for 100 million US dollars, accounting for a year-on-year increase in total exports. As of the first half of the year, China-Vietnam trade volume reached US$100 million, a year-on-year increase. With the completion of the China-ASEAN Free Trade Area in 2020, China and Vietnam will implement tariff reductions in three stages in 2020 and finally achieve zero tariffs on goods in 2020. In 2016, the two countries strived to increase bilateral trade volume to US$100 million. Currently, Chinese products are continuously entering the Vietnamese market by virtue of their geographical and policy advantages.
In recent years, cable manufacturers from all over the world, especially those from Asia, Japan, South Korea, Singapore, Australia, Taiwan and Malaysia, have invested and built factories in Vietnam. Vietnam is becoming a mecca for foreign investment in wire and cable. At present, foreign investors are extremely enthusiastic about investing in Vietnam's wire and cable industry. The situation is just like the investment boom of foreign investors in Dongguan, Guangdong in the last century. At that time, there were many foreign-invested wire and cable enterprises in Dongguan City alone. Their wire and cable products were sold all over the world, mainly electronic wires, cables and head wires. Half of the global electronic wire, cable, power plug and wire market is produced in Dongguan City. Nowadays, foreign investors in Dongguan's wire and cable industry have successfully poached the first pot of gold and gradually shifted their investment direction to Vietnam. According to media reports, the most successful examples of foreign investment in wires and cables in Vietnam are South Korea’s Taiwan Province Daya Cable Company and Yitai Cable Company. After Daya built its factory in Vietnam, it not only put it into production smoothly but also went public. Daya's achievements have effectively stimulated the enthusiasm of Taiwanese wire and cable owners to invest and build factories in Vietnam, and more Taiwanese wire and cable companies will move south. Japan's wire and cable industry has always adopted a strategy of external expansion, and Japan's wire and cable industry is present throughout Southeast Asia. Vietnam is no exception. It is reported that the Japanese Seiko Company, which is world-famous for manufacturing famous brand Seiko watches, has also invested more than 10,000 US dollars in building a cable factory in the Vietnam-Singapore Industrial Park in Binh Duong Province, Vietnam. It plans to build a factory covering an area of 10,000 hectares with an annual output of 10,000 tons of wires and cables, all of which are exported.
The main motivation for foreign investment in Vietnam's wire and cable industry is to take advantage of Vietnam's cheap labor and preferential investment policies. The situation is similar to that in the early days of China's reform and opening up. Vietnam has a total land area of more than 10,000 square kilometers and a population of 10,000. Vietnam is taking the development path of reform and opening up, and its national economy is developing rapidly. Among them, the development of the power industry is very eye-catching.
The growth rate of Vietnam’s national economy has increased demand for electricity annually. The World Bank has provided a US$200 million power system construction loan to Vietnam to help Vietnam build or transform existing transmission systems to build a number of substations and substations to promote the development of the electric power industry to ensure the average annual growth demand for electricity. The average annual economic growth is expected to make a positive contribution.
Vietnam’s growing demand for electricity has also become a hot spot for banks from various countries to invest. According to Vietnam's Saigon Liberation Newspaper, Vietnam plans to invest in the construction of a power plant during the year to meet Vietnam's domestic power demand. Among them, the Vietnam Electricity Corporation has built a total power plant with a total power capacity of 10,000. There is also a power plant that will be invested in to build total power. According to
According to the report of the Ministry of Industry of Vietnam on the annual power development plan and outlook for the year to 2020, this report called the Sixth Power Plan, the average annual growth rate of Vietnam’s power in 2018 was 2019. In order to achieve the above-mentioned power planning goals, Vietnam's power industry needs to invest one trillion VND, of which US$100 million will be invested in power stations and US$100 million will be invested in power grid construction. The average annual investment will reach US$100 million. The source of funds mainly relies on Vietnam Electricity Group's self-raised funds, national financial allocations and foreign loans. The above power demand and investment figures indicate that Vietnam will have a huge demand for wires and cables in the coming years. The purpose of foreign investment in Vietnam's wire and cable industry is not just to meet Vietnam's local needs but to use Vietnam's human resource advantages as a product processing base to reduce product costs and make product exports highly competitive.
2 Exhibition Contents
Various types of cable products, various types of wires and cables, special mechanical equipment, various types of cable materials, accessories, and various connecting devices.
Special meeting
On-site inspection and negotiation with Vietnamese businessmen for cooperative development, operation, export agency, entrusted sales, investment and factory establishment and other activities. Report on Vietnam’s trade and investment environment and development, etc.
Three exhibition fees
Booth fees and personnel fees
For related inquiries and registration, please contact
Guangxi Nanning Huabo Exhibition Service Co., Ltd. Address: Rongbaohua Mall, No. Xingguang Avenue, Nanning City, Guangxi
br/> Telephone
Fax
Contact person Deng Fang
@
WhatsApp
