Opportunities to connect and expand cooperation at the 2023 industry show
The manufacturing industry is one of the important sectors of Vietnam’s economy. Standing in the midst of the shifting wave of the electronics supply chain, Vietnam is considered a potential and ideal market for foreign investors to expand and develop their business.
VME 2023 – The largest industrial exhibition on production machinery and technology is currently being held in Vietnam. The following article will provide full details about this VME international industrial exhibition .
1. Manufacturing industry – the leader in economic growth
The manufacturing industry is an industry that requires companies to continuously have innovative solutions, providing quality products at competitive prices, optimizing costs. In addition, manufacturing enterprises also need to seek development opportunities in domestic and foreign markets, bring customers effective values for the production process and support to adjust business models accordingly.
1.1 The growth of Vietnam’s manufacturing industry
In 2022, Vietnam’s economy has experienced more prominent growth than in 2021, with an industrial production index of 7.8%. It can be said that this is an impressive result in Q4/2022, although many businesses face many difficulties such as a sharp decrease in the number of orders, high input costs and lack of material supply.
According to the given data, the breakthrough growth is concentrated in a number of key manufacturing industries such as footwear production, textile production, pharmaceutical – pharmaceutical chemical production, beverage production. After the COVID-19 pandemic, Vietnam has controlled its economy and opened up at the right time, taking advantage of opportunities when the world market is scarce of goods, focusing on boosting production and exports. As a result, the manufacturing industry has achieved impressive growth.
1.2 The wave of electronics supply chain shift
In the face of the wave of shifting the supply chain of the electronics industry globally, Vietnam is considered by many to be an attractive market for foreign investors wishing to develop and expand the scope of the manufacturing industry.
According to the General Statistics Office, as of September 2022, components and phones are still the largest export items in Vietnam, up 10.7% (about 45 billion USD) compared to 2021. Besides, electronics, computers and components increased by 13.3% (about 41.5 billion USD).
According to data from the Ministry of Industry and Trade, in 2021, the export turnover of components and phones increased by 12.4% (about 57.54 billion USD) compared to 2020. Electronic items, computers and electronic components increased by more than 14% (about 51 billion USD) over the same period. In particular, exports of components and phones to international markets such as China increased by 23% (about 15.18 billion USD), to the US market increased by 10.3% (about 9.7 billion USD).
With these breakthrough figures, Vietnam has risen from 47th position in 2001, successfully rising to 12th position in the world and 3rd in Southeast Asia in the field of electronics export.
1.3 Opportunities and development trends of the industry in 2023
Following the successes in 2022, digital transformation will still be the spearhead to develop the country’s economy in 2023. Industrial enterprises need to develop a development strategy suitable to today’s situation, including the process of restructuring and applying technology and science to production and business.
This issue also needs the support of State policies, such as training policies, finance, investment in technology to improve the quality and efficiency of production and business, promote the development of the industrial economy, and at the same time provide solutions to solve problems of social security, …
In addition, businesses need to focus on reestablishing their growth model, from one based on quantity to one based on productivity, efficiency and quality. Manufacturers should promote the development of sectors and products with high growth value and high export value. Enterprises should link production with industrial service development. Through industrial exhibition events, manufacturing companies in Vietnam can update new production trends and cooperate with many other companies in the same industry.
In particular, enterprises need to strengthen innovation and apply a modern and advanced production organization system, applying high-tech trends of the Industrial Revolution 4.0 to production. At the same time, factories should also link industrial production with polluted environmental protection, offer solutions to climate change problems, save national resources and energy, and create efficiency in industrial production.
Some current industrial production trends: Process automation, mobile robotics, artificial intelligence (AI), supply chain technology, predictive maintenance, CNC mechanical fabrication technology,…
2. Introduction to VME industry exhibition
Vietnam Manufacturing Expo – VME is one of the largest technology exhibition events in Vietnam in particular and Southeast Asia in general. VME was successfully organized in previous years and received a lot of positive reviews from thousands of participants.
2.1 Vietnam’s leading exhibition on Machinery and Technology for Manufacturing and Supporting Industries
Vietnam Manufacturing Expo (VME) is an exhibition and conference series belonging to the industrial production sector, including: Machinery manufacturing, automobiles, electricity and electronics, F&B (processing and assembly lines), construction, aerospace, medical, metallurgy and metal processing… along with so many other areas.
VME Industrial Exhibition gathers organizations, individuals and experts in the fields of: Compressors and generators, machine tools and tools, motor and bearing technology, pump and valve technology, material treatment, surface treatment, molds, fasteners and fixtures, automation and assembly.
With a large number of participating customers from a variety of manufacturing fields, VME Industrial Exhibition promises to be an ideal event for businesses to connect, exchange and introduce new products. At the same time, it is also a great place for companies to find customers and long-term business partners.
2.2 What do exhibitors say about VME 2022?
Through the data of recent years, Vietnam Industrial and Manufacturing Exhibition – VME has attracted a lot of attention from a large number of enterprises in the field of industry and manufacturing. At the event in 2022, there were more than 350 businesses attending with more than 6,000 visitors to the exhibition during the event.
According to Ms. Nguyen Ngoc Linh Chi – Vietnamese representative of the Taiwan Machinery Association, this is seen as an opportunity for businesses to find partners and potential customers. The exhibition has gathered a lot of domestic and foreign customers.
The industry exhibition series has had the participation of many manufacturers, suppliers, distributors inside and outside the industry. VME is the ideal market platform for professionals to present and discuss new manufacturing solutions for the manufacturing industry.
Mr. La Van Lang – Sales Manager of BIBUS Vietnam Engineering & Trading Co., Ltd. also said that BIBUS has brought to the market a wide range of environmental technologies such as blowers, air pumps, air diffusers, side channel blowers, double diaphragm pumps and submersible pumps… All of them are designed in accordance with the wastewater treatment system of the target customer.
Mr. Nguyen Phuong Dong – Director of YOKE Industrial Joint Stock Company also said that when attending the VME industrial exhibition, YOKE brought the latest mechanical equipment, giving customers many interesting experiences about modern technology, looking forward to getting closer to potential partners.
3. VME Industrial Show 2023 is back
VME Industrial Machine Expo 2023 is currently one of the largest events in the manufacturing industry and is organized by RX Tradex in Vietnam. Here, VME will bring viewers great experiences through a series of well-organized and professional activities. At the same time, the organizers of the program also create favorable conditions for exhibitors to successfully exhibit and find potential business partners more effectively.
VME Industrial Exhibition 2023 will take place in 3 days (from 09 – 11/08/2023) with the time frame 09:00 – 17:00 at Viet Soviet Palace – I.C.E Hanoi. The exhibition venue is extremely accommodating with more than 30 experience years of operating and providing professional services, this place promises to bring customers quality experiences.
The VME Industrial Machinery and Equipment Exhibition is a gathering place for more than 10,000 visitors, most of whom act as industrialists in the manufacturing sector.
In addition, VME Industrial Fair is an opportunity to meet and exchange directly with more than 200 brands of machinery and equipment from 20 countries in Asia, will display and introduce new technology products related to the theme of Future Factory.
3.1 Highlights of VME 2023
VME Industrial Show 2023 promises to showcase a series of exciting activities for both businesses and visitors. Units registering to organize exhibition booths will display and introduce products, services or technology solutions that they provide. The demonstration activity is expected by RX Tradex to be “one-of-a-kind”, with images of modern advanced technologies designed to be projected on LED screens at different time frames.
In addition, attendees also have the opportunity to approach and discover new technology trends, update more information related to the manufacturing industry. Seminars, conferences and industry sharing are organized to provide useful technology knowledge. Individuals, industry experts and business representatives can use it to learn more valuable solutions, support activities to build effective production and business strategies.
In addition, VME Industrial Exhibition also organizes the Factory Visit Trip 2023 program to give exhibitors and visitors useful experiences when visiting manufacturing industrial plants. The trip will take place in Thailand (June 2023) and Vietnam (July 2023). Business representatives will have the opportunity to explore the production process and infrastructure here, observe and learn about how the factory operates. The trip promises to bring you great experiences:
· Meet, exchange and network with potential customers in Vietnam and Thailand (and some visitors to industrial exhibitions in other countries).
· Look for new production models to test for businesses.
· Learn about 4.0 technology trends and new innovations in the field of industrial production.
· Understand how competitors operate, operate, and do business.
· Expand your lead data sources.
· Introduce and promote new products or services in Vietnam and Thailand.
· Exchange and discuss directly with target customers in domestic and international markets.
VME Industrial Exhibition 2023 selects visiting factories with many important criteria, including: high digitization rate (more than 40%), factories applying new technology, modern machinery, industrialization – modernization model, ability to participate in global supply chains and FDI investment.
3.2 Exhibitors’ benefits of participating in VME 2023
Coming to VME 2023, exhibitors will receive extremely great benefits such as:
Connect with businesses
VME will be the ideal platform for businesses from all over the Asian market to participate and connect. Through activities such as displays, seminars, exchanges and sharing, … Businesses, manufacturers, distributors will be facilitated to meet and interact with each other. Thereby, it opens up many opportunities for units to find suitable business partners.
Product presentation and introduction
In Vietnam, many businesses still face difficulties in the process of promoting products and services, especially to the international market. Understanding that issue, VME 2023 is set to give manufacturing enterprises the opportunity to introduce products to a wide range of potential audiences, including domestic and foreign customers.
Expanding cooperation and investment
With the participation of a large number of distributors, suppliers and investors in the Asian market, manufacturing enterprises can seize opportunities to seek and expand investment cooperation. New technology products or optimal solutions for the production process will make investors impressed and appreciated.
Access to innovations in production technology
Seminar activities at VME Industrial Exhibition 2023 will help participants who are experts and businesses in the industry have the opportunity to access new trends in production technology. Besides, this is also an ideal platform for individuals outside the industry wishing to learn about the field of industrial production, lecturers, university students who want to improve their knowledge and update information…
Learn about your competitors
VME Industry Show 2023 will be the perfect opportunity for businesses to participate and extract more information about competitors in the industry. Great information that you can learn about competitors to build yourself an effective business strategy: Product structure and features, new technologies applied, pricing as well as promotion. Register for VME 2023 now!
4. Seize networking and development opportunities at VME 2023
Do not miss the VME 2023 industry exhibition taking place in August to seize opportunities to connect and expand production and business cooperation with leading partners in the industry
