520 enterprises to participate in Vietnam Expo 2016

Wednesday, Nov 23, 2016 08:00

Vietnam Expo 2016 is expected to attract 520 businesses from 20 countries and territories. — File Photo

Vietnam Expo 2016, to be held in HCM City between November 30 and December 3, is expected to attract 520 businesses from 20 countries and territories according to Nguyen Khac Luan, general director of Vinexad.

Based on its successes over the last 13 years, the exposition this year will continue to forge a crucial commercial bridge between Vietnamese and international businesses, where they can meet, cooperate and boost commercial and investment development between Viet Nam and the world, Luan told the press at a briefing here yesterday.

Luan said the expo would cover a total exhibition space of 9,500sq.m.. Indonesia will be the Country of Honour at this year's event, and it will display products and advanced technology from over 60 typical Indonesian businesses.

Ibnu Hadi, the Indonesian ambassador to Viet Nam, said, “After a period of research and investigation, we chose Vietnam Expo 2016 in HCM City as the best place for our businesses to meet and interact with Vietnamese businesses to exchange and enhance cooperation between the two countries.”

Viet Nam has become an important economic partner of Indonesia, as demonstrated by the strategic partnership agreement signed in 2013. In terms of Indonesian investment in Viet Nam, as of the end of 2015, trade turnover between the two countries was recorded at US$5.6 billion. Both sides aim to raise their bilateral trade volume on the basis of the high economic growth of the two countries, said the ambassador.

In the last 10 months this year, Indonesian total trade value with Viet Nam reached $4.4 billion. Indonesian export value to Viet Nam reached $2.27 billion while Indonesian import value from Viet Nam reached $2.12 billion.

Vietnam Expo 2016 will have 600 booths displaying products related to the paper industry and other sectors such as cement, building materials, real estate and furniture and equipment, as well as lubricants and car parts, pharmaceuticals and medical products, food and beverages, agriculture and fisheries and textiles and garments.

One special highlight of the event is the exclusive exhibition space, named Ecotech Vietnam, for presenting environmentally friendly technologies. Here, visitors will find comprehensive solutions for all environmental issues, including management, protection, recovery, applications in daily life and production.

Within the framework of this expo, there will be an international workshop hosted by the Ministry of Science and Technology on the role of new technologies in the global integration of SMEs. — VNS

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