Unlimited business opportunities --China-Vietnam bilateral trade volume has exceeded 200 billion dollars for three consecutive years
In recent years, China-Vietnam bilateral trade volume grow rapidly. China is the biggest trade partners of Vietnam as bilateral trade volume has exceeded 200 billion dollars. Only from January to July this year, this number have reached 145.07 billion (20% increase), which proves that Chinese investors show sound confidence and positive outlook about Vietnam’s market. China is the largest export market of Vietnamese fruits and vegetables, (20% of ASEAN’s total imports of agricultural products). Vietnam’s Durian, dragon fruit are very popular in China.
From investment perspective, Vietnam ranks in top 5 favorite investment destinations for China investors. From January to July this year, China speeds up investment in Vietnam and Chinese companies have invested 1.84 billion dollars in Vietnam. During the first quarter this year, the figure for air-conditioning sales increased (a 9% increase) while the sales figures for fridge, washing machines and television decreased. Air-conditioning market is a promising market with huge development potential.
Chinese refrigeration leading brands dominates Vietnam's refrigeration market
Vietnam ranks fifth in the market size of the air conditioning market in the Asia-Pacific region. The huge refrigeration market demand promotes the rapid development of the refrigeration industry. In recent years, more and more refrigeration companies around the world have entered the Vietnamese market. For Chinese companies, the main purpose of setting up factories overseas is, on the one hand, to increase the scale of production capacity, and on the other hand, to improve their order-taking capabilities, so as to better serve customers in local and surrounding markets nearby, so as to obtain more order.
Up to now, global refrigeration companies like LG, Daikin, Samsung, Clement Strapline and our country's Haier, Midea, Hisense, Hailiang, Jintian, Sanhua, etc. have set up factories in Vietnam. It not only satisfies the local market in Vietnam, but also has a strong radiating effect on Southeast Asia. Previously, Zhou Shixin, director of the Southeast Asia Research Center of the Shanghai Institutes for International Studies, said that the economies of China and Vietnam are highly complementary, and Vietnam needs China very much in the upstream of the production chain and industrial chain, which provides another way for more Chinese manufacturing companies to go overseas to make gold. Wide space. At the same time, the Vietnam Refrigeration Exhibition has become an important channel for refrigeration companies to explore the Vietnamese and Southeast Asian markets.
Embracing new opportunities--Hundreds of Chinese companies gather at HVACR Vietnam 2024
HVACR Vietnam will take place in Saigon exhibition and convention Center (SEDC) from 4-6 September 2024. HVACR is organized by Informa Exhibitions Group which have successfully organized a series of HVACR shows such as Malaysia Refrigeration Exhibition (REVAC), Vietnam Refrigeration Exhibition (HVACR), India Refrigeration Exhibition (ACREX).
As the exclusive agent of HVACR Vietnam in China, RACC committee maintains long term cooperation with Informa Group. This September, we will organize hundreds of Chinese companies (such as Juhua, Sinochem, H.Stars, blauberg) to exhibit at Vietnam and offer exceptional one-stop expo services. For more information about 2024-2025 global refrigeration shows, Please do not hesitate to contact us & Inquiries by phone (Phone number:15811152932)
