Introduction: SinoCorrugated South 2018 & SinoFoldingCarton 2018 Global Promotional Tour promotional tour took place in Vietnam during 10-15 July, as Reed Exhibitions launched the first leg of the global roadshow of the two events – Vietnam Corrugated & Folding Industry Summit. Accompanied by Reed staff, SinoCorrugated Advisory Board and over 20 leading Chinese suppliers studied the market in Vietnam, including engagement and networking with five local corrugated carton and printing players. The roadshow included field trips, meetings, and social events, in an effort to promote business engagement between counterparts of the two countries, with Chinese suppliers benefited from support in an overseas market.
Vietnam: the printing and packaging market with big potentials in Asia
As a marketplace in Asia that offers big potentials,
Vietnam has over 3,000 printing companies registered as of 2016. The country is
a valued destination by many international players thanks to low labor costs
and an advantageous geographic location. As the first leg of the roadshow of
SinoCorrugated & SinoFoldingCarton, Vietnam offers leads to emerging
customers who enjoy emerging business and rising capacity. In the next few
years, the packaging industry in Vietnam is expected to grow while attracting
bigger investment. However, overcapacity, low margins, and weak profitability,
issues that affect other markets, will certain affect Vietnam too. Therefore,
industry and technology upgrade is the way forward, thus representing a good
opportunity for middle and high level Chinese products to gain a foothold in
The Reed delegation called on five representative Vietnam companies between 11 and 13 July. Received with the warm hospitality by the Vietnamese hosts, the delegation visited the plant floor. Huang Zhuangfu and He Jian of the SinoCorrugated Advisory Board offered recommendations to the Vietnamese companies on how to address challenges.
Stop 1: Ho Chi Minh City
As the economic center of Vietnam, Ho Chi Minh City boasts a big market, and obviously provides a good choice for the first stop of the delegation, which spent the first two days of the trip in the city and was warmly received by local industry leaders SOVI and LIKSIN.
Factory Visit --- SOVI, a leading packaging player