HCMC – The city administration, in collaboration with the Ministry of Industry and Trade, inaugurated the “HCMC Export 2023” expo yesterday, May 25, at the Saigon Exhibition and Convention Center in District 7.
Vo Van Hoan, vice chairman of the HCMC People’s Committee, said the event is aimed at supporting local businesses in exploring markets and finding potential partners. The expo will last until May 28.
Hoan noted that Vietnam’s exports have been hit hard by the global economic slump. Between January and April, the country’s foreign trade reached US$211 billion, down 13.6% year-on-year. In HCMC, the city saw a fall of 21.1% in trading activities during the period.
The expo provides local businesses with an opportunity to keep up with the latest trends in the market, thus enhancing business operations to meet rising demand of the international customers, Hoan said.
The HCMC export expo has attracted 3,000 foreign participants, including 273 business delegations from 70 countries and territories, including the U.S., South Korea and India.
The event includes 250 booths showcasing a variety of items such as wooden products, food and foodstuffs, plastics, textiles and footwear.