In a talk with Vietnam Economic News’ Nguyen Huong Deputy Managing Director of Reed Tradex Co., Ltd (Thailand) Suttisak Wilanan said that Reed Tradex passionately steps forward with Vietnam’s manufacturing industry.
Reed Tradex steps forward with Vietnam’s manufacturing industry
Could you tell us the results of your exhibitions organized in Vietnam?
Reed Tradex marked the 11th year in Vietnam with three international exhibitions in 2017 which are Metalex Vietnam, Nepcon Vietnam and Vietnam Manufacturing Expo. By stepping up to two digits years, we have annually attached over 30,000 quality visitors, covered two biggest economic hubs of Vietnam - Hanoi and Ho Chi Minh City.
One of the key success points to make customers to confidently continue participating in our exhibitions is not only the specialized content but also the good preparation, comprehensive marketing plan to deliver the right targeted partners to all the participants.
Through up and downside situations in more than 10 years in Vietnam, all industrial part-making factory owners, engineers, production managers, and industrialists have always been trusted to use these events as the “Community Platform” to source new solutions, new parts, new suppliers, new partners, and new knowledge to keep up or lead the change that the promising future of AEC will bring.
In your opinion, what are the opportunities that Vietnam needs to grasp, and also challenges which should be viewed objectively to have good preparation to integrate into the world economy?
In 2017, Vietnam quickly overcame expectations in business that amazingly shows Vietnam has been a shining star in the region. While the world economy is stably growing, Vietnam will stand in front of much more opportunities than ever in 2018. I strongly believe that the processing and manufacturing as well as the property sectors will have still received the largest foreign investment capital volumes in 2018.
In recent years, we have seen a big revolution called Industry 4.0. In my opinion, the 4.0 revolution is now impacting investment trends on a global scale and Vietnam will not see affects at this moment. However, we only expect to see distinct changes from 2020 onwards, but it doesn’t mean Vietnam should ignore this trend until we are too outdated and not able to catch the revolution. Therefore, manufacturing and processing, power distribution and manufacturing, and property will remain the top foreign investment channels in the year ahead. Small to medium sized entrepreneurs need to upgrade and take this opportunity to create their core advantages in the future.
As one of the priority industries, automobile manufacturing industry receives much concern whether Vietnam can catch opportunities coming. The automotive industry is a high technology industry, and is a driving force for many other supporting industries such as mechanics, electricity, electronics, plastics, rubber, glass, informatics, and automation.
Last but not least, Vietnam’s going the right direction to support the comprehensive growth in the whole nation. The government asked the Ministry of Planning and Investment to co-ordinate with relevant agencies and the provincial authorities of Quang Ninh, Khanh Hoa, and Kien Giang to quickly draw up the Law on Special Administrative-Economic Zones. The plan will contribute to attracting FDI in future years and creating balance in FDI attraction among three regions.
Like other developing countries, Vietnam has challenges and opportunities in the Industry 4.0 revolution. What is your point of view about this key trend?
The 4th Industrial Revolution is taking place at a rapid pace and has a strong impact on the world economy. In Vietnam, on the one hand, this revolution will offer tremendous opportunities for businesses and industries that are well prepared to take advantage of opportunities.
On the other hand, it is a challenge for the economy in general, some industries are not suitable and businesses are slow to adapt to the new context. In particular, over time, the government has felt and appreciated the evolution of the 4th Industrial Revolution. However, taking advantage of the opportunity or reducing the challenge requires awareness of ministries, branches and localities; followed by the integration of new context into socio-economic development strategies of branches and localities; and provide concrete solutions, action plans, and implementation measures to make the 4.0 revolution an opportunity for the economy to benefit industries and businesses instead of the challenge and costs for the industry and businesses.
In order to maximize opportunities and minimize negative impacts of the revolution to internationally integrate, it is necessary for Vietnam to have a reasonable development strategy. How does Reed Tradex engage in your directions and visions to support the industrialists and manufacturers in Vietnam to take advantage of these business opportunities?
Vietnam is in transformation process to attach the FDI in high tech manufacturing. Therefore, the need of upgrading technology and management system is priority.
More than 11 years together with Vietnamese industrialists, Reed Tradex has passionately supported the industrialists and manufacturers in Vietnam to take advantage of these business opportunities. In 2018, we will focus on developing the exhibition program to be more competitive, not only demonstrate the machineries, but also coordinate with organizations and experts in the industry, also the businesses who are holding the technology to implement the transmission of knowledge resources, technology transfer and exchange of the ability to apply technology and machinery practically, with highest financial efficiency for the manufacturers in Vietnam. We will also bring and demonstrate technology of 4.0 industry in Vietnam. Therefore, all delegates will be amazed by many technologies first time in Asia and Vietnam.
We also aim to create our exhibition to become “one platform, one station” where is the center of industrialist community. The community is not only in the scope of domestic where all manufacturers can exchange and connect to be able win at local market, but also the crossing participant of international communities such as Japan, South Korea, Europe, etc. to gain more advantage and get in lane quickly with global standard.
This year, we continuously organize the international business platform for industrialist in Hanoi through the international exhibition “Vietnam Manufacturing Expo 2018” which is an outstanding exhibition on machinery and technology for manufacturing and supporting industries. “Vietnam Manufacturing Expo 2018” will celebrate its 10th edition and will be held at the Hanoi International Center for Exhibition (I.C.E) from August 8-10, 2018.
During October 11-13, 2018, at the Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City, we will introduce the 12th edition of “Metalex Vietnam 2018” which is an international exhibition on machine tools and metalworking solutions for production upgrade, and co-located with “Nepcon Vietnam 2018” which is a special exhibition on SMT and testing technologies, equipment and supporting industries for electronics manufacturing.
We will open widely to welcome local and foreign industrialists to the exhibitions, and also come along with a business match making program in which participants do not need to be charged any fee, and it’s in term of the concept to deliver the highest opportunity between investors and manufacturers/suppliers.