Vietnam Manufacturing expo 2013: Marks Japan-Vietnam ties

Mr. Chainarong Limpkittisin Managing Director of Reed Tradex Co., Ltd. said that the automotive and supporting industries of Vietnam has become flourishing in the past decade due to strong labor force and supportive government policies especially towards overseas investors.  Supporting industries play extremely vital roles in Vietnam. A strong parts manufacturing sector can contribute many benefits to the country such as reduced costs of parts imports, higher local skills, enhanced productivity efficiency, superior product values, healthier economy, etc. As ASEAN Economic Community is approaching in the year 2015, the exchange of machinery, technology, knowledge and other products have become easier than in the past.  In one sense, this helps speed up the advancement of the industrial and commercial sectors but at the same time, industrialists have to keep improving themselves for the rising competition from other countries in the region with promising industrial capacities as well. Many foreigners believe in the growth potential of the supporting industries and that their development will foster Vietnam’s manufacturing sector and economy. At present, many foreign investors are strongly confident to invest in Vietnam. The continued foreign direct investment in Vietnam is proof that the manufacturing and supporting industries here not only have a bright future, but also play vital roles in the “healthy” economy.

Five years ago, when we first conceived “Vietnam Manufacturing Expo,” the exhibition that we have scheduled to organize in this city this coming September, it has been our commitment to be a part of the mechanism that can help strengthen the development of Vietnam’s supporting industries. Now, the exhibition has grown strong and become successful in helping to speed up that development. And, this year, the success will return. We are working in full stream to make Vietnam Manufacturing Expo another memorable experience by including contents and activities that truly benefit Vietnam’s supporting industries in enhancing their productivity with breakthrough technologies and know-how.

Reed Tradex has realized the growing importance of supporting industries in Vietnam as the country is joining global supply chains and value chains. And the continuous influx of FDIs would further elaborate the country’s attractiveness as the preferred investment destination for the industrial sector will remain strong with promising outlooNike KD