These events aim to enhance collaboration between local and international businesses, particularly Japanese manufacturers, and provide an impetus for the growth of Vietnam’s supporting industries.

The expos will be organized by RX Tradex Vietnam in partnership with the Japan External Trade Organization (JETRO) and the Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade. The events are expected to attract over 200 leading manufacturers and distributors from 20 countries and territories.

VME 2023 is one of the leading exhibitions on machinery and technology for manufacturing. This year will see the participation of more than 200 exhibitors including producers, distributors and machine manufacturers from 20 countries, the event's organiser RX Tradex Co said.

Vietnam’s industrial sector has made significant improvements thanks to the State's mechanisms and policies, Director of Vietrade Vu Ba Phu.

In recent years, supporting industries have significantly contributed to the development of the country's economy. Businesses have continuously tried to improve product quality, strengthen competitiveness, and meet strict market requirements, he said.

The MoIT has actively implemented effective support programmes to enhance production and management capacity for businesses and collaborate with multinational corporations and large FDI companies in Vietnam. This has led to improvements in the quality of human resources and enhancements in the competitive capacity of Vietnamese enterprises in the processing and manufacturing industries.

Vietnam currently has 2,000 manufacturers engaged in producing industrial spare parts and components, with some 300 companies participating in global supply chains. This sector represents 4.5% of the total businesses in the processing and manufacturing industries, generating employment opportunities for 600,000 workers nationwide.

He added that the ministry has also established three technical support centres for industrial development in the three northern, central and southern economic regions. These centres aimed to help enterprises in supporting industries accelerate innovation, technology transfer for production and testing, and improve productivity and quality while seeking to participate in the global supply chains.

At the same time, the Ministry has also helped build connections between domestic supporting enterprises with FDI investors through trade promotion activities and business-matching events.

According to Vietrade Director, the Vietnam-Japan Supporting Industry Exhibition (SIE) will help Vietnamese firms in supporting industries connect with Japanese partners and enhance their production capacities.