The four expos are Metalex Viet Nam, Nepcon Viet Nam, Business Alliance for Support Industry in HCM City and Industrial Components and Subcontracting Viet Nam.. — Photo bizlive

HCM CITY (Biz Hub) — Four mega-exhibitions related to the support industry opened yesterday at the Sai Gon Exhibition and Convention Centre in District 7.

The four expos are Metalex Viet Nam, Nepcon Viet Nam, Business Alliance for Support Industry in HCM City and Industrial Components and Subcontracting Viet Nam.

They will all feature new innovations from over 700 global technology providers from 30 countries and territories, including Germany, Japan, Korea, Malaysia, Singapore, Thailand and Taiwan, said Duangdej Yuaikwamdee, deputy managing director of Reed Tradex Company.

The Metalex and Nepcom events will offer the latest machine tools and metalworking technologies, and testing technologies for electronic manufacturing.

Soichi Yoshimura, executive vice president of the Japan External Trade Organisation (JETRO), said the percentage of parts procured by Japanese firms locally was just 32 per cent in Viet Nam compared to 64 per cent in China and 53 per cent in Thailand.

As a result, Japanese companies in Viet Nam must import necessary parts from other countries, he said.

Speaking at the opening ceremony, Nguyen Tuan, deputy director of the the HCM City Investment and Trade Promotion Centre (ITPC), said the city was implementing policies to encourage enterprises to invest in the support industry in an effort to raise the percentage of local content.

Tat Thanh Cang, deputy chairman of the city People's Committee, said the city would provide favourable conditions to facilitate the operation of businesses.

Co-organised by JETRO, ITPC and Reed Tradex Company, the expos, which will run until October 11, are expected to attract more than 10,000 manufacturers from Viet Nam and many other countries. — VNS