Visitor at the Business Alliance for Support Industry Show 2015. Photo: VNA
A series of exhibitions featuring the latest products of the support industry opened in Ho Chi Minh City on October 8.
With seven areas displaying products by 500 enterprises from 25 countries, the Business Alliance for Support Industry Show 2015 offers a chance for participants to access the most updated products in the field and seek partners, especially Japanese buyers.
Meanwhile, the Metalex Vietnam 2015 exhibition highlights machine tools and metal working solutions for production upgrade, alongside numerous activities to foster connections among businesses.
At the same time, the Electronics Assembly 2015 focuses on introducing machines for the electronic industry.
Addressing the opening ceremony, Duangdej Yuaikwarmdee, Deputy Managing Director and General Manager of Reed Tradex Company - the organiser – said the exhibitions aim to introduce advanced technologies for the highest production quality and productivity in the support industry in Vietnam , one of the leading manufacturers of auto and motorbike spare parts and steel in Southeast Asia .
Hirotaka Yasuzumi, Chief Representative of the Japanese External Trade Organisation (JETRO) in Ho Chi Minh City, said Japanese investment in Vietnam this year is higher than the previous year.
The domestic support industry’s supply capacity is one of the biggest concerns of Japanese investors in Vietnam as it will affect their competitiveness in price, he noted.
Vietnamese enterprises, especially those in the southern region, are becoming more self-reliant, he said, adding that many of them have been reliable partners of Japan’s leading businesses.
According to Nguyen Tuan, Deputy Head of the Ho Chi Minh City Centre for Trade Promotion and Investment, in the first nine months of this year, 397 foreign-invested projects were licenced in Ho Chi Minh City with a total capital of over 2.3 billion USD, up 115.3 percent year-on-year.
Companies from Japan , the Republic of Korea and Taiwan ( China ) are tending to build more factories in Vietnam , resulting in a high demand for spare parts and accessories, he said, noting that this is a golden opportunity for domestic enterprises to become competitive suppliers.
Three exhibitions related to the support industry, Metalex Vietnam, Vietnam Electronics Assembly and the Business Alliance for Support Industry in HCM City, will be held at a single venue in HCM City in October, the organisers announced on June 11.
A workshop was held on August 21 to enhance linkages between domestic and foreign businesses and boost the development of the support industry in service of six prioritised industrial sectors.
Over 140 foreign and domestic enterprises are showcasing their products at the second Vietnam International Support Industries Exhibition (VSI Expo) 2015 which opened on August 27 in Ho Chi Minh City.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Visitor at the Business Alliance for Support Industry Show 2015. Photo: VNA
