Xinhua, Ho Chi Minh City :
The Vietnam International Supporting Industries Exhibition 2014 (VSI EXPO 2014) kicked off here Wednesday, attracting more than 200 domestic and foreign companies, organizers said.
VSI EXPO is the largest scale and specific event in supporting industries held in Vietnam where domestic and foreign made products of engineering, electronics, information technology (IT), automobile assembly and other industries are showcased.
According to Deputy Minister of Industry and Trade (MoIT) Do Thang Hai, VSI EXPO 2014 would provide a venue for participants to tighten business connectivity and set up value added industrial production chains as well as expand markets for their products.
Activities at the four-day expo would help increase the domestically made growth rate and the added value of the products, hence reducing dependence on imported materials and spare parts and increasing competitiveness among domestic and foreign companies, said MoIT official.
The event is also a good occasion for domestic companies to update state-of-the-art technologies in their fields so as to further join in the global production chains.
Among sideline events, there will be a seminar on the national strategy for developing supporting industries in Vietnam.
The expo runs until Saturday.
