Overseas remittance and dynamic labour force – optimistic signs for Vietnam’s construction and building sectors

After a successful 2007 launch, Con-Build Vietnam 2008 (9-12 September 2008, Hanoi) – 2nd International Trade Fair for Construction and Building - Machinery, Equipment, Materials, Vehicles, Technology & Services, is bringing you the best of the industry’s partnership and business prospects. Con-Build Vietnam 2008 is the essential international business platform in the country for bridging partnership and opportunities, as Vietnam’s construction and building industries continue to boom with projected growth rates of 10.6 – 11%.

Experts: Vietnam will overcome difficulties
Though volatility and uncertainty continued in global capital markets, two factors are likely to prevent a major correction in Vietnam. First of all, the inflow of foreign capital into Vietnam from he rest of the world due to the deposit interest rates is not a bad thing at all. David G. Fernandez, Chief Economist of JP Morgan Chase thinks that raising deposit interest rates is the best solution for inflation, as it would control the hot credit growth. Indonesia did that in 2005 and was successful with the move. He believes that the problem occurring in Vietnam will be settled by the end of 2008. Secondly, meanwhile, the government of Vietnam is trying to cut public investments, and once it does this the high inflation will be restrained, while the trade deficit will also decrease.

Con-Build Vietnam 2008, a definitive platform for business opportunities as Vietnam’s economic growth is glad to show you the demands on infrastructural development, modernization and rapid urbanization countrywide. Hisatsugu Furukawa, a monetary policy expert with the Japan International Cooperation Agency (JICA), says that Vietnam can obtain high economic growth thanks to increased savings, balanced international payments as a result of foreign direct investment, capital from the official development assistance (ODA) and overseas remittance. The state budget deficit proves to be within control. “While Vietnam has a young and dynamic labour force, I am optimistic about Vietnam’s economy,” he said, further adding that investors should have a long-term vision instead of just looking at the immediate time.

Investors: Will continue to invest in Vietnam
Greg Terry, President of Morgan Stanley South East Asia, in a recent interview with Thoi bao Kinh te Vietnam, said that Morgan Stanley was continuing to seek investment opportunities in Vietnam. Mr. Terry said that the global financial report which predicts that Vietnam would have the same crisis which occurred in Thailand in 1997 only shows the viewpoint of the analysts. He stated, “Reports like that do not definitively reflect the official viewpoint of the whole banking group.”

Reaping business potentials:
Con-Build Vietnam 2008 (9-12 September 2008, Hanoi) – 2nd International Trade Fair for Construction and Building - Machinery, Equipment, Materials, Vehicles, Technology & Services, is prudently envisaged for the growing markets of Vietnam, and at the same time, provides industry professionals with a unique opportunity to meet key industry makers involved in the design and build of major infrastructural projects in Vietnam.

Reaping business potentials: Con-Build Vietnam 2008 (9-12 September 2008, Hanoi) – 2nd International Trade Fair for Construction and Building - Machinery, Equipment, Materials, Vehicles, Technology & Services, is prudently envisaged for the growing markets of Vietnam, and at the same time, provides industry professionals with a unique opportunity to meet key industry makers involved in the design and build of major infrastructural projects in Vietnam.

Con-Build Vietnam 2008 aims to consolidate the vast business potential of the construction and building industry in Vietnam, as well as to lend focus to the leading trend in infrastructure development and expand strategic collaboration and partnership further across the region, by bringing together top experts and government officials, established industry leaders, new foreign manufacturers and suppliers, in one mega trade-show to share, sell and tell. To network and open up new grounds for business opportunities. Majority of the exhibitors from Con-Build Vietnam 2007 have already booked space for 2008 and new exhibitors are already joining the queue to make their intentions “concrete” to “build” broadening market potential and not missing out for they can foresee the potential of the Vietnamese market.

2008 Exhibitors: Continue vested interest in Vietnam

Aichi Corporation • Alimak Hek Pte. Ltd.• Asia Consulting Limited • BCI Asia Construction Vietnam Co., Ltd • BENNINGHOVEN • BHS-Sonthofen GmbH • Breton SPA • Changsha Zoomlion Heavy Industrial Science & Technology Development Co., Ltd Puyuan Company • Chikusui Canycom, Inc • China Council For the Promotion of International Trade - Machinery Sub-Council (CCPIT-MSC) • COMAMOTER - Italian Association of Earth Moving Machinery Manufacturers • Construction Machinery Technology and Management • DENNERT PORAVER GmbH • Federal Ministry of Economics and Technology (BMWi) • Fujian Province Jin Jiang City Lijing Automobile Fittings Co., Ltd • Fushun Excavator • Hanta Machinery Co., Ltd • Hebei Xingtai Yatai Heavy Industrial Machine Co., Ltd • Hess Maschinenfabrik GmbH & Co. KG • IFF - Inst. F. Fertigteiltechn. + Fertigbau • Kawasaki Heavy Industries Ltd • Korea International Exhibition Center (Kintex) • Kobelco Construction Machinery Vietnam Co., Ltd • Kobelco Cranes Co., Ltd • Kobelco International (S) Co. Pte Ltd • Kyokuto Kaihatsu Kogyo Co., Ltd • LASCO Umformtechnik GmbH • Liebherr-Hydraulikbagger GmbH • Liugong Machinery Co., Ltd • M & H Industries Co., Ltd • Maruma Technica Co., Ltd • Maschinenfabrik G. Eirich GmbH & Co. KG • Metso Minerals, Inc. Tampere Works • Mico Heavy Equipment and Machinery Ltd • Minh Hoang & Co., Ltd • Morooka Co., Ltd • Nedo GmbH & Co. KG • NEOPOR SYSTEM GmbH • Nissan Diesel Motor Co., Ltd • Oatey SCS • Pan-Pacific Environment Corporation – COCOMO • Pedershaab Concrete Technologies A/S Vietnam • Qingdao Xinxing Construction Machinery Co., Ltd • Rhenocoll Werk e. K. • Sanwa Kizai Co., Ltd • SANY • Schnell S.p.A • Shanghai HOLD Machinery Market Co., Ltd. • Shenyang North Heavy Industry Co., Ltd. • Sichuan Construction Machinery (Group) Co., Ltd • Soilmec Far East Pte. Ltd. • Superfix (Singapore) Pte. Ltd. • T.H.I. Corporation • ThyssenKrupp Gft Bautechnik GmbH • Trade Link Media Pte. Ltd. • Tun Engineering Co., Ltd • VIBRO-BLOCK Ostertag Maschinen-Vert.-GmbH • Vietnam Transport Communication Equipment and Spare Parts Company Ltd (Vietraco) • Vietserve Technology • Wehrhahn GmbH • Wiggert & Co. GmbH • Wirtgen Singapore • Xuzhou Construction Machinery Group • Xiamen Globe Truth (GT) Industries Co., Ltd • Yichang Blackwhirlwind Engineer Machinery Company Ltd • Soilmec S.p.A • Soilmec Far East Pte Ltd • Vogele America Inc. • Wirtgen America Inc. • Hamm ® Compaction • Wirtgen GmbH

[ Exhibitors within National Groups from Germany, China and Korea are not listed here - Please refer to website for updates. ] Prime Minister Nguyen Tan Dung said, in a directive to ministries and government agencies said: “The push towards an economic structure where industry and services have increasing shares will be continued.”

For further information, please visit: www.conbuild-vietnam.com

About The Organizers:
MMI-Munich International Trade Fairs Pte Ltd Messe München International (MMI, Munich Trade Fairs International Group) is one of the world’s leading trade fair companies. It organises around 40 trade fairs for capital and consumer goods, and key high-tech industries. Each year over 30,000 exhibitors from more than 100 countries, and over two million visitors from more than 200 countries take part in the events in Munich. In addition, MMI organises trade fairs in Asia, Russia, the Middle East and South America. With four subsidiaries abroad and with 62 foreign representatives serving 86 countries, MMI has a truly global network.

Contact:
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Contact Person: Ms Denise Jones / Ms Ong Lee Fund