Great Market Potential in VIETNAM!!—METALEX Vietnam Report (2)
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| Exhibition Info
Exhibition Name: Great Market Potential in VIETNAM!!—METALEX Vietnam Report (2)
| Exhibition introduction

China-ASEAN Free Trade Area (FTA) was officially kicked off on January 1, 2010, covering a population of 1 billion and involving about $600 million of GNP and $450 million of trade volume.

As "zero-tariff rate era" comes, many Chinese companies are going to expand their business in ASEAN markets. According to statistics from Wenzhou customs, export for fasteners from Wenzhou city to ASEAN was up 156.2%, making ASEAN become the largest exporting markets for Wenzhou. In addition, export to ASEAN from Haiyan County increased 85% to 45.3 million dollars, and fasteners accounted for the largest portion. From this case, we can see that ASEAN markets will become one of the most important markets for Chinese companies in the future. And Vietnam, one of the members of ASEAN, of course, will turn into a significant market for Chinese companies.

Although it was the first for China Fastener Info (CFI) to set foot on Vietnam, we had a good harvest, and were quite popular with Vietnamese companies. So Vietnam market is of great potential!

The number of visitors coming to CFI’s booth hit high on Day 2. Many visitors not only came to our booth for CFD magazines but also asked us to recommend suitable Chinese suppliers. What’s more, on Day 3 it was great honor for us to have the visit of Duangdej Yuaikwamdee, the organizer of METALEX Vietnam.


Mr. Duangdej Yuaikwamdee

As we have mentioned in report 1, we would visit  famous Japanese companies one by one on Day 2 and Day 3. Now let’s review our delightful visits to these big companies.


Mr. Toshiaki Takikawa, purchasing manager of TOSHIBA INDUSTRIAL PRODUTS ASIA CO., LTD, noted that, the purpose of his exhibiting was to find suitable Chinese suppliers who had factories or offices in Vietnam. He also showed his great interest in the 5th Suzhou Fastener Trade Show (Apr. 8-9, 2011, Suzhou)


It was our honor to pay a visit to Mr. Fredde Ong, manager of NTN (Singapore) , one of the biggest bearing manufacturers in the world. Mr. Fredde Ong told us that his company is going to develop bearings used in wind power, and was eager to find some high-end suppliers of fasteners applied to wind power.

 

Mr. Nguyen Duy Hung, purchasing supervisor of TOYOTA MOTOR VIETNAM CO., LTD, said, “We need to purchase many fasteners for motorcycles, and want to know more about companies in CFD magazines.”


Olympus Vietnam Co., Ltd

                                                          Everising Machine Company

                                                      Chang Lian Fa Machinery Co., Ltd.

The average tariff on goods from the ASEAN countries is cut down to 0.1 percent from 9.8 percent. The six original ASEAN members, Brunei, Indonesia, Malaysia, the Philippines, Singapore and Thailand, will slash the average tariff on Chinese goods from 12.8 percent to 0.6 percent. By 2015, the policy of zero-tariff rate for 90 percent of traded goods is expected to extend between China and four new ASEAN members, Cambodia, Laos, Myanmar and Vietnam.

www.chinaFastenerinfo.net

 

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