For 3 days, Agri Machinery & Tech Vietnam Expo 2018 will showcase more than 500 products and will gather over 100 international manufacturers as well as service providers on Crop Production.
First time organized with Hortex and Ildex Expo, this biggest Agriculture Event is expected to attract more than 4000 professionals and trade visitors come to Connect – Network – Trade.
Known as an agriculture-based country, Vietnam has relatively high demand for Agricultural mechanical products. In the period of 2010-2015, this market has witnessed an increase of 400%. With that impressive number, the demand in Vietnam is higher than ever!
The value of tractor market in Vietnam is estimated to be around 5,500 VND billion (US$270 million), approximately 10.6 %of the whole market. Small and middle-weight tractors seem to gain more favor although, the size of tractors is increasing.
(Source: Vietnam General Statistics Office, 2011)
Rising Sales of Combine Harvesters and Tractor Implements will surge with the Growth of Agricultural Equipment Market in Vietnam. The average growth rate of imported value of combine harvesters in period of 2007-2012 is 79.8 %.
Import value of Combine Harvesters into Vietnam (Unit: million USD)
HIGHLY DEPEND ON IMPORT:
Local mechanical products only meet approximately 32.6% of domestic demand. To promote application of machines and equipment for agriculture, the Government have issued many favour mechanisms and policies such as import tariff has been reduced to 0%.
With the support from the Government and Ministries, Minh Vi Co., Ltd. (VEAS) honor to open AGRI MACHINERY & TECH VIETNAM 2018 – the No. 1 Platform for Global Leading companies to connect and create Business in this Dynamic Market.