Returning after a gap of three years due to the COVID-19 pandemic, the expos have attracted 150 companies from 17 countries and territories, including Belgium, Germany, the U.S., Japan, China, India, the Republic of Korea, Malaysia, Singapore, Taiwan (China), and Vietnam, Nguyen Ba Vinh, director of the Minh Vi Exhibition and Advertisement Services Co., Ltd. (VEAS), the expos’ organizer, said.
India is the country of honor this year, with nearly 50 of its companies taking part.
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Visitors at the 2019 Rubber and Tyre |
In addition to showcasing a wide range of machinery and equipment and products, the expos will also feature several seminars, B2B matching and VIP buyer programs to help exhibitors and visitors learn about the latest trends and market demands, and identify customers, and make appointments and meet with potential partners, he said.
There would also be a ‘visit tour’ to enable foreign businesses to visit factories and hi-tech parks, he added.
Speaking at a press briefing on July 16 to introduce the four expos, Nguyen Thi Lac Huyen, chairwoman of the Vietnam Paint and Printing Ink Association, said the coating and printing ink industry had been growing at 10% annually before the pandemic, with output topping USD 2 billion.
“But for the first time the industry recorded negative growth last year, with output plunging sharply, due to the pandemic. The whole industry is trying to recover this year but faces difficulties like supply chain disruption, higher prices of raw materials and a decline in demand.”
The Coatings Expo Vietnam would help firms to find partners to avoid the supply disruptions of last year, she said.
Vo Hoang An, deputy chairman of the Vietnam Rubber Association, said Vietnam’s exports of processed rubber products had increased significantly to reach USD 3.7 billion last year.
This year the figure topped USD 2.2 billion in the first half, up 12.9% from the same period in 2021, with tyre exports exceeding USD 1.1 billion, up 28.9% year-on-year, he said.
The association and businesses had stepped up trade promotion to further diversify their export markets and increase value of the rubber industry, he said.
“Trade fairs and exhibitions are an effective way for firms to introduce their new products and brands and technologies to local and international customers,” he added.
The exhibitions will be held at the Saigon Exhibition and Convention Centre and are expected to welcome 8,000 trade visitors.
Source: VNA