Three in­ter­na­tional ex­hi­bi­tions un­der­way in HCMC

The Nation - - AEC -

THREE in­ter­na­tional ex­hi­bi­tions - Pa­per Viet­nam, Rub­ber and Tyre Viet­nam, and Coat­ings Expo Viet­nam - opened in HCM City (HCMC)on Wednesday.

They are show­cas­ing a wide range of ma­chin­ery and equip­ment and prod­ucts used in the pa­per and pulp, rub­ber and tyre, and coat­ing, dye­ing, and ink­ing in­dus­tries.

They have at­tracted 250 com­pa­nies from 15 coun­tries and ter­ri­to­ries, in­clud­ing In­dia, Ja­pan, South Korea, China, Tai­wan, the US, Ger­many, the UK, Malaysia, and Vit Nam.

There will be sev­eral sem­i­nars on their side­lines, a busi­ness match­ing pro­gramme to help ex­hibitors and vis­i­tors learn about the lat­est trends and mar­ket de­mands, find busi­ness op­por­tu­ni­ties and more.

Speak­ing at the open­ing cer­e­mony, K Srikar Reddy, the In­dian con­sul gen­eral in the city, said 50 In­dian com­pa­nies are ex­hibit­ing their prod­ucts at the ex­pos.

They in­clude 42 at Coat­ing Viet­nam, where an In­dia Pavil­ion has been set up by the Ba­sic Chem­i­cals, Cos­met­ics and Dyes Ex­port Coun­cil (CHEMEXIL) of In­dia.

“The three trade fairs pro­vide an ex­cel­lent op­por­tu­nity for the In­dian ex­hibitors to show­case their prod­ucts and build bridges with their Viet­namese part­ners in or­der to es­tab­lish a long-term ben­e­fi­cial busi­ness re­la­tion­ship.”

Trade fairs and ex­hi­bi­tions are an ef­fec­tive fo­rum for Viet­namese firms to in­tro­duce their new prod­ucts and tech­nolo­gies and brands to lo­cal and in­ter­na­tional cus­tomers, he said.

Or­gan­ised by the Minh Vi Ex­hi­bi­tion and Ad­ver­tise­ment Ser­vices Co, Ltd, and CNCIC China, Pa­per Viet­nam, Rub­ber and Tyre Viet­nam and Coat­ings Expo Viet­nam, be­ing held at the Saigon Ex­hi­bi­tion and Con­ven­tion Cen­tre un­til June 15, are ex­pected to wel­come 7,000 trade vis­i­tors.

On the same day, the In­dian con­sulate or­gan­ised a B2B meet­ing be­tween In­dian ex­hibitors at the three expo and Viet­namese com­pa­nies.

Ac­cord­ing to the Gen­eral Statis­tics Of­fice, Viet­nam im­ported chem­i­cals and chem­i­cal prod­ucts worth US$8.63 bil­lion last year, a year-on-year in­crease of 23 per cent, in­clud­ing $206 mil­lion from In­dia. Its ex­ports grew by over 26 per cent to $2.15 bil­lion, with ex­ports to In­dia be­ing worth $299 mil­lion.

In­dian con­sul gen­eral K Srikar Reddy said there had been an im­pres­sive growth in bi­lat­eral trade in the area of chem­i­cals and chem­i­cal prod­ucts be­tween both coun­tries dur­ing the year 2017.

"How­ever, there is great po­ten­tial for bi­lat­eral co-op­er­a­tion as con­sump­tion of chem­i­cals and chem­i­cal prod­ucts has in­creased con­sid­er­ably in t Nam in re­cent times and a sig­nif­i­cant por­tion of the to­tal con­sump­tion is met by im­ports,” he said.

In­dia is the sixth largest pro­ducer of chem­i­cals glob­ally and ranks third glob­ally in the pro­duc­tion of agro-chem­i­cals, he added.

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