HO CHI MINH CITY, VIETNAM, Apr 13, 2015 - (ACN Newswire) - With lower taxes as a result of Free Trade Agreements (FTA) Vietnam inked with Australia, Chile, China, India, Japan and Korea, imports of industrial machinery and manufacturing equipment to Vietnam is expected to rise in 2015.
In January 2015, Vietnam's Foreign Direct Investment (FDI) increased about 67 per cent to US$663 million from the same period last year. A total of 44 FDI projects were registered, with 19 new projects breaking ground in the same month. One of the investment sectors identified was manufacturing, which attracted about US$605 million.
As more foreign companies look to tap on Vietnam as an export production base, the local community as a consequence is spurred to accelerate its move up the value chain by upgrading current production capabilities with high end technologies.
"Vietnam's manufacturing industry has transformed and expanded in recent years due to opportunities presented as a result of its healthy labour pool and flow of foreign investment. Now, there is a rise in demand for high quality manufacturing tools and solutions which can help local companies increase their productivity and reduce cost in order to stay ahead of the evolving business climate, says Mr. William Lim, Project Director for MTA VIETNAM from the show's organiser, Singapore Exhibition Services.
"MTA VIETNAM is specifically tailored to meet this critical demand, by providing manufacturing professionals in Vietnam an established business platform to source for the latest technologies and best-selling products available in the global marketplace. In addition, the event also offers value-added seminars for the industry to discuss pertinent issues, trends and developments," he adds.
MTA VIETNAM2015: Showcase of advanced manufacturing solutions from around the world
Since 2005, MTA VIETNAM has played a pivotal role in bridging the international manufacturing industry and Vietnam market. The 2015 edition is expected to open with more than 280 international and local companies from 19 countries and regions, including 11 international groups from Germany, Japan, Korea, Singapore and Taiwan.
An impressive number of industry's biggest international brands have confirmed their return to MTA VIETNAM to bring forth a myriad of manufacturing equipment and supplies that meet the critical needs of the local manufacturing players. They include Amada, Bystronic, Carl Zeiss, DMG MORI, Dine, Haas, Hurco, Guehring, Mazak, Mitutoyo, Mori, Nikon, Sandvik, Sodick, Studer, TRUMPF and many more.
Positive feedback from participants a clear sign of MTA VIETNAM's strong relevance
Many exhibitors were impressed with the progress made by the manufacturing industry. Remarking on last year's show, Dr Hans-Peter Laubscher, Managing Director-Asia Pacific of TRUMPF Pte Ltd said, "As Vietnam has moved towards the production of high quality and competitive products for both domestic and international markets, factories here are embracing advanced technology which is very necessary to achieve this. MTA VIETNAM - as the key technology platform in Vietnam - plays an important role in this. I am very pleased that the industry recognises our strong technology. The quality of the enquiries we have received so far has been excellent."
Visitors were impressed with the level of knowledge and technologies presented.
"MTA VIETNAM is a must-attend event of our company. We came to source for grinding stones and welding machines, and found many suppliers whose products are suitable to our manufacturing such as Hydro-tek (compressing equipment) and Guhring. We also made many new contacts from the exhibition. We will definitely be back for the next edition," said Mr. Le Nguyen Hoa, Purchasing Manager from An Lac Car Mechanics Factory.
Another repeat visitor, Mr. Nguyen Nhu Trung, Chief of Technical Department from Juki Vietnam commented, "Juki Vietnam is a repeat visitor to MTA VIETNAM. The exhibition is very diversified and has showcases of many machines that are suitable to our business. We usually purchase machines and equipment from Japan and CNC machines from USA. We will come back for the next show."
MTA VIETNAM2014 saw more than 11,000 trade attendees comprising of visitors, exhibiting staff, members of the press, seminar speakers and delegates. This included 295 group delegations encompassing more than 1,322 group visitors.
Event at a glance:
Exhibition: MTA VIETNAM2015
Incorporating: Metrology Vietnam 2015, ToolTec Vietnam 2015,
SubCon Vietnam 2015, Automation Vietnam 2015,
WeldTech Vietnam 2015
Venue: Saigon Exhibition & Convention Center (SECC)
Address: 799 Nguyen Van Linh Parkway, Tan Phu Ward,
District 7, Ho Chi Minh City
Date: 7 - 10 July, 2015 (Tues - Fri)
Time: 0900hrs - 1700hrs
Visitor Registration: http://mtavietnam.com/pre-reg/
About MTA VIETNAM
MTA VIETNAM was first launched in Ho Chi Minh City in 2005 and the show has since grown to become Vietnam's most comprehensive manufacturing solutions trade event, featuring at least 80 per cent overseas exhibitors in all its editions. Highlighting the latest technologies, products and solutions in precision engineering, machine tools and metalworking from around the world, MTA VIETNAM2015 connects the industry with global movers and shakers in manufacturing. MTA VIETNAM is organised by Singapore Exhibition Services Pte Ltd and co-organised by VCCI Exhibition Service Co Ltd.
Public Relation & Conference Executive
Singapore Exhibition Services, Vietnam Representative Office
Tel: +84 8 3930 7618 (Ext: 107)
Rest of the world
Assistant PR Manager
Singapore Exhibition Services
Tel: +65 6233 6635
Topic: Trade Show or Conference
Source: MTA Vietnam
Sectors: Design Process, Engineering
From the Asia Corporate News Network
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