Nepcon Vietnam 2018 Organizers Say Plenty of Room for Growth
In Vietnam, electronics is the largest export sector and plays a major role in driving the country’s economic growth. With the electronics export turnover rising from US$22.9 billion in 2012 to more than $71 billion in 2017, Vietnam has become the world’s 12th largest and ASEAN’s third biggest electronics exporter. The growth was realized largely by investment from FDI giants like Samsung and Intel as 95 percent of the country’s electronic export turnover is due to FDI.*
Vietnam’s supporting industries have also grown from producing simple supplies like packaging and palletizing to being able to manufacture sophisticated components. For example, the localization rate of Samsung mobile phones was 57 percent at the end of 2016 with as many as 29 Vietnamese firms being direct suppliers for Samsung.** But as big enterprises like LG Electronics, Nokia, and Fuji Xerox are making Vietnam their production base with Samsung’s investing its second production plant in Thai Nguyen, the challenges of improving the localization rate still remain. In other words, how can local producers produce more and more sophisticated components to meet this flow of increasing needs.
Keys to sustainable developments where more and more Vietnamese producers would be able to produce value-added components that meet international standards lie in advanced technologies, know-how, skilled man powers, and business networks. To facilitate local industrialists in capitalizing upon the promising opportunities that the electronics industry is offering, “NEPCON Vietnam” is the center of solutions where those challenges will be tackled.
NEPCON Vietnam 2018 is the 11th edition of Vietnam’s only exhibition on SMT, testing technologies, equipment, and supporting industries for electronics manufacturing. The show will enable electronics producers in exploring advanced technologies from over 200 technology providers from 20 countries, acquiring know-how by meeting with technology owners and industry experts in seminars, meeting skilled man powers, and expanding business networks via business matchmaking and networking functions. This is a must-attend event that will be the main engine to accelerate your business growth and Vietnam’s industrial advancement, so if you are a technology provider, this is the platform where you will meet new customers, and if you are an electronic component producers, this is where you will be able to maximize your potential and business opportunities. So, sign up or pre-register to join us today.
Source:
*http://wji.at/Vietnam-News/electronics-industry-growing/
**http://english.vietnamnet.vn/fms/business/191977/
vietnamese-electronics-industry-in-desperate-need.htm
