Around 280 businesses with 350 displays will be participating in the expo. — VNS Photo

HCM CITY (Biz Hub) – The Vietnam Medi Pharm Expo 2016 will be held at the Saigon Exhibition and Convention Centre, HCM City, from August 11 to 13, 2016.

This year, 280 businesses with 350 displays will be participating in the expo, including giant corporations, leading global companies from countries and territories such as the United States, France, Germany, and Italy, in addition to Japan, Pakistan, Ukraine, and Belarus. Egypt, India, Hungary, Kazakhstan, and Iran, apart from Singapore, Korea, Taiwan, Thailand, and China will also be taking part.

The highlight of the exhibition will be the display areas of Kazakhstan, Japan, Korea, and Malaysia, in addition to Iran, China, Taiwan, India and Pakistan. Hosts Viet Nam will also have a presence at the exhibition.

The popular annual event takes place twice a year in HCM City in August and Ha Noi in December, respectively. The expo has been organised for the past fifteen years to promote trade activities in pharmacy and medical equipment, strengthening local and foreign business, to business operations. The exhibition is a platform for the globally advanced medical technologies and equipment companies to access local private and public hospitals and local pharmacy companies which Viet Nam has the advantage to initiate exchanges.

Hua Phu Doan, vice president and general secretary of HCM City Medical Equipment Association, said that Viet Nam has been an emerging and attractive destination for foreign investors, particularly pharmacy and medical equipment companies. According to estimates, revenue from domestic medical equipment market reach US$800 million every year, are expected to reach $1.2 billion this year and $1.8 billion in 2018. The average growth would be 18 per cent to 20 per cent between 2016 and 2020. — VNS