AW Vietnam 2024

Coex’s first overseas hosting of Asia’s representative smart factory & automation industry exhibition

Automation World Vietnam 2024 (AW Vietnam 2024) will be held for three days from September 25 (Wednesday) at the Binh Duong Trade Center Exhibition Center in Vietnam.
Coex’s hosting of AW Vietnam 2024 is significant in that it is the first time that the representative smart factory and automation industry exhibition in Asia, which has been held at Coex in Seoul, will be held overseas ― in line with Vietnam’s active manufacturing digitalization as a global production base.

Coex signed an MOU with the Smart Factory Innovation Promotion Team under the Korea Technology and Information Promotion Agency for SMEs (TIPA) on May 22 to host the ‘1st Vietnam Smart Factory Expo (AW Vietnam 2024)’ and is recruiting participating companies.
AW Vietnam 2024 is expected to provide 400 booths for 150 companies. Autonics and Daegon Corporation have confirmed their participation. Various business programs such as 1:1 business matching and smart factory forums between the partners of large corporations that entered Vietnam, such as Samsung and LG, and the participating companies will be held.
In particular, Coex will establish a Smart Manufacturing Innovation Promotion Team Planning Hall in cooperation with the Smart Manufacturing Innovation Promotion Team ― in order to help Korea’s small and medium-sized suppliers enter the Vietnamese smart factory construction market. Coex will push ahead with the introduction and demonstrations of the Vietnamese smart factory construction cases and solutions, export consultations, etc.
In AW Vietnam 2024, domestic companies in the smart factory, factory automation, machine vision, and logistics automation fields are expected to create a boom for digital transformation of Vietnamese manufacturing companies, and network actively with global industry experts.
At the same time, ‘ELECS 2024,’ Vietnam’s representative power and energy industry exhibition, will be held, making AW Vietnam 2024 the Southeast Asian nation’s largest industrial exhibition for creating an industrial ecosystem.

Background of AW Vietnam 2024: Vietnam is rapidly emerging as the most powerful alternative to post-China

As of 2021, Vietnam’s smart factory and automation market is estimated to be worth US$120 billion and is expected to grow to US$260 billion by 2025. The market growth rate is 17.3%, and it is predicted to grow at an average annual growth rate of 13.5% from 2022 to 2025.
The Vietnamese logistics industry is also seeing an increase in demand for smart automation due to the acceleration of digital transformation.
As global production bases continue to move away from China, Vietnam is rapidly emerging as the most powerful alternative to post-China. Global companies are accelerating their entry into Vietnam. The government’s action plan to foster manufacturing was introduced in September 2020, with the goal of becoming one of the top three industrial countries among ASEAN countries, consequently leading to Coex’s hosting of AW Vietnam 2024.
This exhibition is expected to lay the foundation for Korean companies with smart manufacturing technology to enter Vietnam’s smart factory construction market, and become a venue for showcasing Korea’s manufacturing innovation promotion strategy and best practices.
Binh Duong Province has a population of 2.7 million, and is growing rapidly based on its manufacturing industry, which accounts for 7.8% of Vietnam’s total GDP. Binh Duong Province currently has 30 industrial complexes with 4,000 companies from 65 countries, of which 800 are Korean companies.
Every March, Coex holds ‘Smart Factory + Automation World,’ Asia’s representative smart factory and automation industry exhibition, in all of its halls. This year, it was held on the largest-scale ever with 2,000 booths from 450 companies, attracting 60,000 visitors and buyers. Coex plans to actively apply its experience in hosting this exhibition and its know-how in operating overseas exhibitions to hosting AW Vietnam 2024.

 
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