HCM City (VNA)🥃 – A string of exhibitions of machine tools , electronic technologies and equipment, and solutions for support industries kicked off in HCM City on October 6.

The METALEX Vietnam , the NEPCON Vietnam, and a supporting industrial product exhibition are displaying over 500 brands from 25 countries and territories with a developed supporting industry, including Japan, Singapore, the Republic of Korea, India, China, Thailand and Taiwan (China). The events offered domestic and foreign exhibitors a good chance to share information, enhance links and establish partnerships, especially in industrial production and manufacturing. According to Director of the municipal Investment and Trade Promotion Centre Pham Thiet Hoa, a support industry development centre and a showroom of support industry products were set up in HCM City to promote the development of the support industry. Infrastructure facilities serving the sector have been invested while support industry projects have been included in the city’s promotion programmes, he added. Vice Chairman of the municipal People’s Committee Le Thanh Liem said the city is seeking to bolster links between investors in high-tech zones and domestic support industry producers, whilst applying preferential policies related to trade and investment promotion, credit support, technological innovation for businesses operating in the field. Vietnam’s metal, plastic, rubber, electricity and electronic industries are set to meet 60 percent of industries’ spare parts demand by 2020, and 80 percent by 2030. Industrial and export processing zones in HCM City are home to 260 foreign-invested firms specialising in electronic, mechanical and automobile industries, accounting for 50 percent of the total foreign businesses. Metalex Vietnam, an international exhibition on machine tools and metalworking solution show, offers chances for manufacturers to update new technology, expand business networks and exchange experiences with experts at seminars. Meanwhile, Nepcon Vietnam 2016 is displaying testing technologies, equipment and support industries for electronics manufacturing. These serve as business-matching platforms, enabling domestic and foreign firms to seek investment and cooperation opportunities, thus forming partnership in the supporting industry.-VNA