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Machinery expo opens in Vietnam


Zhejiang fair is being held in Vietnam, September 28 to 30, 2022. The 4,000sqm expo comprises 130 booths run by more than 100 exhibitors, displaying products in hardware and machinery, textiles and inputs, interior and exterior furniture, electronics and household appliances.

The event will feature various events such as a seminar on e-commerce from China’s perspective: lessons and practices; a symposium on international trade promotion in the era of the Fourth Industrial Revolution; and a Vietnam-China business matching model in the new context; and a bicycle test tour.

Launched in 2011, the expo has been a platform not only for product exhibition and promotion but also for Vietnam and China to strengthen economic and cultural exchange and multifaceted cooperation between their localities. China’s direct investment in Vietnam has surged more than 60 per cent. China now is the third-biggest FDI investor to the country.Vietnam is one of the favored options as the country has witnessed pledges of foreign direct investment from China surge. Increasing production costs in China has pushed manufacturers to relocate their factories to Southeast Asia countries which have lower costs. Vietnam is also seen as a country with a better labor supply. Another reason for the Chinese shift to Vietnam is the trade dispute with the US.


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