Vietnam’s investment value to culminate at Nepcon

photo source nepconvietnam.com

Deputy Prime Minister Nguyen Thien Nhan announced the government’s commitment to increase the export of electronic products by 2017 at the Annual World Electronic Forum (WEF) in mid-2014. According to official statistics, Vietnam has gained increasing revenue from the export of mobile phones, computers and peripherals.

Many global brands have established manufacturing bases in Vietnam, contributing to this rise. Within this context, international giants such as Samsung, Intel, Canon, Panasonic, Fujitsu, LG, Bosch and Nokia have invested billions of US dollars into the Vietnamese electronics industry. Foreign investors consider the development of supporting industries a very important factor in the financial viability as well as sustainability of the electronic industry, as it is directly related to the competitiveness of the sector.

Ronnie Wong, COO of the Association of Electronic Industries in Singapore (AEIS), said that Vietnamese supporting industries were steadily growing with electronics being one of the prominent industries promoted by the government.

“We see a huge potential in this growing market, especially of the industrial estates in Hanoi where there are many factories manufacturing products for the world’s leading electronic brands. This is why AEIS will be joining NEPCON Vietnam 2015 - Vietnam’s Only Exhibition on SMT, Testing Technologies, Equipment, and Supporting Industries for Electronics Manufacturing by bringing our agents and suppliers of international machinery and solutions that could help enhance local productivity and efficiency, so that we could be a part that supports the growth of the electrical and electronics manufacturing scene here, as well as promoting industrial cooperation between Singapore and Vietnam.”

Duangdej Yuaikwarmdee, deputy managing director and general manager in Vietnam of Reed Tradex Co., Ltd., said that according to the Quarterly PC Tracker survey published by the International Data Corporation Vietnam is the only PC market in Asia that continued to see growth (2 per cent) in 2014, with 2.13 million PCs sold.

He added that the optimistic forecasts about the Vietnamese economy give further reasons to expect more positive trends of the PC market in 2015.

In addition, LG Electronics has recently announced its intention to shift its TV production from Thailand to Vietnam by inaugurating a mega electronic manufacturing complex in the northern port city of Haiphong, helping Vietnam to become one of the largest electronics export hubs in the world. The statistical data provided above indicates that Vietnam is one of the fastest growing production bases for supporting industries, especially in terms of electronics. Reed Tradex aims NEPCON Vietnam 2015 to be a focal point for knowledge and solutions where technology providers, entrepreneurs, and industrialists at every level of the production line will attend to exchange ideas and discuss effective cooperation methods.

NEPCON Hanoi will be the only event in Vietnam where providers of a complete line of SMT solutions, testing technologies, equipment and supporting industries for electronics manufacturing will meet over 7,000 potential buyers in one place. The event will be one of the most effective marketing tools for SMT providers to respond to the electronic parts manufacturers’ need for technology and know-how, to increase their share of the market and multiply sales leads in northern Vietnam.