Hannover/Ho Chi Minh City. Vietnam’s leading industrial show will open
its doors on 30 October in the attractive surroundings of the Saigon
Exhibition & Convention Center (SECC) in Ho Chi Minh City. At the same
time it will be the premiere of this new, world-class venue...more
Ho Chi Minh's New SECC Exerts a Pull
Source: m+a | UFI Exhibition Newsletter, issue 19
The premier industrial exhibition in Vietnam has a new home. EPM Vietnam makes its eleventh appearance at the new Saigon Exhibition & Convention Center (SECC) in Ho Chi Minh City, combining for the second time three trade fairs under one roof. Between October 30 and November 2, 2008 EPM Energy Electricity & Environmental Protection, EPM Machine Tool Saigon and H20 Vietnam (organised by Planetfair, Hamburg, Germany) will draw visitors to Vietnam from Asia and many other countries throughout the world. The show is now also being staged annually. For 2008 well over 200 exhibitors are expected, displaying their programmes on a total area covering more than 8,500 m? In close cooperation with co-organisers Chan Chao International, Taipei, Taiwan, Hannover Messe International has brought the three tradeshows together. The SECC will ultimately comprise four indoor exhibition halls totalling 40,000 meter square.additional outdoor exhibition space of between 15,000 and 20,000 meter square. a 2,000-seat convention centre, a high-rise office tower, and two international standard hotels. Occupying 117,886 meter square. it is owned by the Saigontourist Holding Company (60 %) and the Phu My Hung Corporation (40%). (se) www.secc.com.vn and www.epm-machinetool-saigon.com
Market
Overview
Vietnam,
a promising country of 84 million people, has becomes
a magnet for the foreign investors and becomes the
second fast growing market in Asia. It gained a
high GDP growth rate of 8.5% in 2007 according to
the Ministry of Planning and Investment. Apart from
this remarkable figure, Vietnamese manufacturing
sectors and exports have gradually reached better
figures of 15% and 25% per year respectively.
Development of Industry Zones (IZ’s) is one of the
key instruments for accelerating industrialization
and modernization as well as transforming the economic
structure of Ho Chi Ming City in particular. As
the result, high-tech manufacturing and high-value
services, state-owned factories, auto-parts manufacturing
plants particularly are willing to invest in newly
developed machinery and technologies. This is why
one realized that over 3 billion US dollars of machinery
and equipment purchase has been spent annually,
and is expected to be doubled in next few years.
United state and Vietnam signed up a Bilateral Trade
Agreement (BTA) that keynotes the economic take
off in Vietnam. In addition, Vietnam enters Asia
Free Trade Agreement (AFTA), granting of preferential
duties, lowering or cancellation of
non-preferential duties that facilitate easier
flow of goods within amongst ASEAN countries, the export
increase also speeds up foreign investment.
After becoming the WTO member in 207, Vietnam starts
to enjoy access to all WTO members’ goods and service
markets on lower tariffs or so on, Vietnam’s goods export
revenue climb to more than US$39 billion in the first
ten months of 2007, up 18.6% on year, said the Ministry
of Trade and Industry.
In 2007 Vietnam attracted record Foreign Direct Investment
(FDI) of US$10.2 billion, and it has chance to reach
20% growth in 2008. It shows that more and more foreigners
consider Vietnam as an emerging market with great potential
as well as a perfect marketplace in industrial machinery
and equipment. In the mean time, Vietnam has become
a manufacturing hub in Asia, facing numerous opportunities
& challenges of globalization.
Certainly it’s the best time and platform
for global machinery and equipment manufacturers and
suppliers to penetrate into Vietnam market.
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