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Metalex Vietnam 2016 Brought Development Opportunities

By ChinaFastner.com , 2016-10-10 12:00:00

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The opening Ceremony of Metalex Vietnam 2016 was officially kicked off at 9:00 – 10:00 a.m. on October 6th, 2016 in Saigon Exhibition & Convention Center, Ho Chi Minh city and hosted by Reed Tradex. The opening ceremony was presided over by Chief Representative of Japan External Trade Organization (JETRO Ho Chi Minh City), Mr. Takimoto Koji, Director of Investment and Trade Promotion Center of Ho Chi Minh City, Mr. Phan Thiet Hoa and Managing Director of Reed Tradex, Mr. Isara Burintramart who encouraged manufacturers to find technologies, solutions, and connections that would elevate their business to the international stage. This year’s theme is Exchanging ideas, discovering innovative solutions, and making trends matters.

As a medium keeping up with current affairs in fastener industry, ChinaFastener.com showed up in the exhibition with our latest issue of ChinaFastener Magazine. The magazine attracted many people's interests.

With the huge dimension of over 500 brands, 25 countries accompanied by 8 Pavilions from China, India, Japan, Korea, Taiwan, Tokyo Metropolitan Government and Thailand. Over 15,400 visitors has visited the exhibition.

Most  exhibitors were manufacturers of various kinds of machines, such as medical equipment manufacturer, mold manufacturer, drill machine, milling machine, metal parts and electric parts manufacturer, and fiber laser machine manufacturer etc. and modern design software supplier, automatic machine and device, electrophoresis technologies, water solution system, CAD/CAM software.There were so many kinds of products in the show, for example, building machine, hardware, software, air compressor, hydraulic puller, laserTek, ferrite core, video measuring system, scara robot, AC Servo Motor, support unit, quick change, desk rotary, etc.

Most exhibitors came to the show for expanding their brands. They believed that Vietnam was a new market worth developing and the show was a perfect stage for them to develop Asian market. Many visitors came there to seek cooperation, new technologies and innovations. They aimed to develop their products and the new market. As an emerging market, Vienam did attract many companies.

In recent years, Vietnam's economy is growing rapidly and China and Vietnam are enhancing cooperation. Based on some researches, in 2015, the trade volume between China and Vietnam reached up to US$ 95.819 billion, which accounted for 2.4% of China's total foreign trade volumn with 14.6% growth year on year. China has been the biggest trading partner of Vietnam for 12 years, the largest source of imports of Vietnam and the fourth largest export market of Vietnam. Vietnam has become the second largest trading partner of China among ASEAN following Malaysia.

In 2015, China has exported 51,372 tons of fastener products to Vietnam, which was worth US$ 162,805,602. It's reported that demands for fastener products in engineering machines and automobiles industry inVietnam proved strong. However, due to the weak industrial foundation, the demand could not be satisfied by Vietnam's own manufacture market. Therefore, this is an opportunity for Chinese companies to develop the market. Chinese companies should seize the chance to go into the market with good quarlity and low price products.

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