Fastener Shanghai
Official WeChat
fastenerfastenerBuyers' Guidefastener
fastenerStandard Searchfastener
fastenerFor Buyersfastener
fastenerFor Suppliersfastener
fastenerTrade Showsfastener
fastenerMy Officefastener
fastenerPost Inquiriesfastener
Home->Fastener News->METALEX VIETNAM: Experience the Increasing Machine...You are the 679381 visitors
Views:6748   |   recommendation:fastener   |   Votes:1   |   Discuss:0
METALEX VIETNAM: Experience the Increasing Machine Tools and Metal Working Industries

METALEX VIETNAM 2011 saw its opening on October 6-8, 2011 at Saigon Exhibition and Convention Center, SECC organized by Reed Tradex. The concurrent event was NEPCON VIETNAM.

Mr. Chainarong Limpkittisin, Managing Director of Reed Tradex Company, gave a speech in the opening ceremony

Mr. Doan Duy Khuong, vice president of Business Consultation Council of ASEAN

First Time in ASEAN! “Titan” the Entertainment Robot which flied in direct from the UK gave a amazing performance on site.

METALEX is the largest exhibition in ASEAN. METALEX VIETNAM 2011 attracted around 200 companies from Thailand, Vietnam, Taiwan, Singapore, Japan, Korea, China mainland, Malaysia, Indonesia, USA, France, UK, Germany, Belgium, Italy, etc exhibiting products such as Machine Tools and Machining Centers, Sheet Metalworking, Welding Technology, Factory Automation, Pump & Valve, Material Handling, Mold and Die, Wire, Tube, Cable Technology, Tools and Tooling, Control Measurement and so on.

China Fastener Info(CFI), as the only one supporting media from China mainland attended the show again. Many visitors from ASEAN showed interest in the 6th Fastener Trade Show to be held on November 11-12, 2011 at Poly World Trade Expo Center, Guangzhou, China, after our introduction. Some even told us that CFI’s magazine China Fastener Directory (CFD) was greatly helpful to them because they have long-term purchasing need for fasteners. For instance, manager of HOANG HA I.E visited CFI’s booth and wanted to purchase welded nuts and rivet nuts. He hoped we could recommend some suitable suppliers to him, and told us that he would visit the 6th Fastener Trade Show.

Vietnam, as the developing country and a member of WTO, boosted a GDP of $103.6 billion dollars and a per capita gross domestic product of $1,174 dollars in 2010. The country has trade relationships with over 150 countries and regions. Vietnam’s trade with other countries has been keeping rising which play an important role in the country's economy development. Machines, parts, product oil, steel, textile material, leather and piece goods are the main imports from China mainland, Taiwan, Singapore, Japan, and Korea.

Vietnam has explored many industrial zones to meet the increasing need from the manufacturing, and attracted investment through favorable tariffs and renting. The annual rate of Vietnam’s industrial production rose 19% with an annual growth rate of 30% for imported modern technology. The World Bank predicted that the industrial production of Vietnam will post over 14.5% gains in 2011. It should be noted that 6% of Vietnam’s metal working and industrial products are domestically made, and the remaining are imported. Machine tools and parts take up the largest proportion of the imported products. Vietnam is the fifth largest motorcycle manufacturing strategy market in the world. And the motorcycle sales reached over 2.5-3 million units per year during the past five years. Therefore, Vietnam’s part market is very promising.

Trade value between China and ASEAN keeps fast rising since China-ASEAN Free Trade Area (FTA) was established. The trade value between China and ASEAN has surpassed trade value between China and Japan till now in 2011. ASEAN has become the third largest trade partner of China.

The two parts go on to communicate with each and encourage investment and cooperation. China currently is setting up five Economic and Trade Cooperation Zone with countries of ASEAN. The preliminary amount of investment reached $800 million dollars or more. China plans to build such kinds of zones with each of the member of ASEAN within five years. Moreover, China keeps encouraging domestic companies to invest in ASEAN and strengthening their cooperation in textile, steel, machinery, shipbuilding, chemicals, information, auto, etc.

We also found that many of the exhibitors were machinery manufacturers. They were glad to know more about China’s fastener manufacturers because their machines needed fasteners. They would consider importing fasteners from China if they could find suitable suppliers.

Special Booths:

2011/10/14 18:01:00

Previous:    Baosteel says to keep November steel prices unchanged
        Next:    South Africa Launches AD Investigation On China's Threaded Rods

Recent Related News
Fastener Fair Mexico Proves Solid Growth in The Fastening and Fixing Industry--2019-07-02
Manufacturing Expo 2019 Ends with Confirmed Record--2019-06-26
European Market Shines under China-US Trade Tension—Industry Tools by Ferroforma Attracts More Than 19,534 professionals--2019-06-24
Malaysia’s Largest Machine Tools Exhibition, METALTECH 2019, Celebrates 25th Anniversary And New High-Tech Venue MITEC--2019-05-21
The Latest CFD 2019 Distributed in Fastener Fair Stuttgart--2019-03-27
WIN EURASIA Makes Turkey Become the Hub of International Trade--2019-03-27
The 30th Manufacturing World Japan Concludes with Great Success!--2019-03-25
CFD 2019 is Now Available! Get it FREE!--2019-03-14
China Fastener Info Exhibits at Wire India 2018--2018-12-14
Korea Metal Week 2018 Ends with Positive Results--2018-11-09
indometal 2018: An Excellent One-stop Platform for Metal & Steel Industries--2018-11-02
Manufacturing World Osaka 2018 Show Breaks New Records--2018-10-21

Vote for this news?

fastener(Very Good)
fastener(Very Bad)

More Discuss...
Your Name: Anonymous

Enter the code shown:fastener8fastener

Fastener Trade Show Suzhou

China Fastener Directory
Get it FREE!
Get your CFD at the following shows:

•The Fastener Exhibition & Conference, Sep 11-12, 2019, Birmingham, UK

•International Fastener Expo, Sep 17-19, 2019, Las Vegas, USA

•wire & Tube Southeast Asia, Sep 18-20, 2019, Bangkok, Thailand

Show Room

Offer Product

Latest News
• Former UK fastener manufacturer owner sentenced for bribery

• Sundaram Fasteners to go ahead with capex plan despite auto sector downturn

Buyers' Guide
Company News

• Dongtai Huawei Standard Component Corporation Develop New Products, Target on Mid and High-End Markets

• Yuxin Fastener System: Dedicated to Becoming the Leading Manufacturer of Anchors in China

The Way to Enter Chinese Market
The Way to Enter Chinese Market