HANOI, Vietnam, Nov 16, 2011 - (ACN Newswire) - Building on the success of its previous editions in Ho Chi Minh City, and outcome of steady growth in the local manufacturing sector, MTA is ready to open doors to Hanoi in March 2012.
Given the Vietnam capital's favorable geographic location, economic and political stability and high potential for hi-tech development, a number of international manufacturers have been extending their presence in the area. Foreign investment in Hanoi recorded a three-fold increase for the first nine months of 2011, attracting US$999.6 million. These included the Vietnamobile business cooperation contract and GTEL global mobile and telecom joint-stock company.
Japan is one of the five biggest investors in Vietnam, totaling 11% of foreign direct investment (FDI) in the country. Kyocera has announced its intention to build a factory near Hanoi to produce cell phone components, while Nikkiso will be expanding the company's production of aircraft components in its Vietnamese factory in early 2013.
Global leading telecommunications and technology companies such as Nokia and Wintek are planning to set up factories in the northern provinces of Vietnam. Samsung reported in March this year that its mobile phone factory in Bac Giang province had achieved an export turnover of US$2 billion since official operation in 2009. These are in addition to multinationals such as Canon, Denso Manufacturing, Honda, Panasonic and Toyota which have already established manufacturing & assembly facilities in North Vietnam.
More recently, according to a General Statistics Office report, the manufacturing sector in Vietnam experienced growth rates of about 10 per cent. Based on the national Index of Industrial Production (IIP), Hanoi grew 12.5% between January to October 2011 compared with the same period last year.
"It is timely to stage the next edition of MTA in Hanoi as reports have shown that Vietnam's manufacturing industry has been growing at a steady pace, and it is encouraging to witness similar progress in Hanoi as well. Demand for the latest manufacturing technologies and solutions from international companies is evident, and MTA HANOI 2012 will give these companies and the local manufacturing sectors a tremendous boost by matching them with the latest products, solutions and technologies in precision engineering, machine tools and metalworking," said Mr. William Lim, Project Director (Machinery Events), Singapore Exhibition Services (SES).
The companies at MTA HANOI 2012 will showcase international technologies on the exhibition floor which include metal-cutting machine tools, metal-forming machine tools, test and measurement equipment and systems, cutting tools, tooling systems, and industrial tools and components.
There will also be ample opportunities for local industry players to connect face-to-face and network with both international and home-grown reputable exhibitors offering the latest solutions for Hanoi's blooming manufacturing sector.
MTA HANOI 2012 at a glance
Exhibition: MTA HANOI 2012
Incorporating: Metrology Hanoi 2012, ToolTec Hanoi 2012,
SubCon Hanoi 2012, Automation Hanoi 2012, and
WeldTech Hanoi 2012
Venue: International Center for Exhibition (I.C.E)
Address: Cultural Palace, 9'1 Tran Hung Dao Street,
Hanoi, Vietnam
Date: 28-30 March 2012 (Wednesday-Friday)
Time: 0900hrs - 1700hrs
Registration: www.mtahanoi.com