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Over 80 businesses to attend int’l construction fair in China
More than 80 Vietnamese enterprises will take part in an international trade fair on construction machinery (Bauma China 2008) in Shanghai , China , from November 25-28.
Speaking at a press conference in Hanoi on September 10, Dang Kim Giao, Director of the Ministry of Construction’s Information Centre, said the fair will not only be significant for Vietnamese enterprises but also help foreign businesses to seek investment opportunities in Vietnam .
The biennial event, which began in 2002, is a rendezvous for worldwide suppliers and policy makers in the fields of industry, trade and service.
During the last fair, large companies from China , Germany , the US , Japan and the Republic of Korea met with and planned to cooperate with Vietnamese partners.
Also at the press conference, Manfred Wutzlhofer, CEO and General Director of the Munich International Trade Fair (MMI), spoke highly of the development of Vietnam’s construction market and affirmed that MMI considers Vietnam as a strategic market to expand its operation.
Vietnam may be considered one of the most important markets in Asia, after China and India , he said.
Over the past years, Vietnam ’s construction sector has made remarkable progress, especially in urban and housing development.
The country’s real estate market has attracted the largest portion of foreign direct investment (FDI) capital, which was 21.4 billion USD in the first seven months of this year. The figure accounts for over 48 percent of the country’s total registered FDI compared to 35 percent in 2007.
VNA
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