More than half the companies that participated in Vietbuild Ha Noi 2017, an annual exhibition on housing, home decoration and household appliances, were foreign firms.

This is the highest rate until now as the average was 10-15 per cent per year.

The high number of foreign businesses has helped local firms exchange products without spending money on foreign tours.

In addition, domestic companies have become aware of their strengths and weaknesses to be better prepared for competition and international integration.

The exhibition, which wrapped up on Sunday at the National Exhibition Construction Centre, saw new products with change in quality, function and model, Nguyen Dinh Hung from the organising team said.

The new products and services are suitable with modern, large scale construction while ensuring energy saving and environmental friendliness.

The five-day event showcased a wide range of new products at nearly 1,700 pavilions, such as construction material, electric equipment, doors and exterior-interior decor products, as well as paints and solar energy systems. The number of pavilions rose by 30 per cent in comparison with last year.

Viet Nam’s construction material market is witnessing tremendous potential thanks to development of the real estate market and rapid urbanisation. — VNS