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VietNamNews

Mining exhibition puts spotlight on increasingly important sector

Update: March, 07/2012 - 16:40

HA NOI – The Mining and Minerals Recovery Exhibition and Conference opens today in Ha Noi in a bid to boost the country's lucrative mining sector, organisers said.

The three-day event, also known as Mining Viet Nam 2012, is jointly organised by PT Pamerindo Indonesia and the Viet Nam Chamber of Commerce and Industry (VCCI). Attracting 148 firms from 29 countries, the exhibition showcases the world's newest mining equipment and technology.

According to head of VCCI's exhibitions department Bui Thi Thuc Anh, the event is being held at the right time as Viet Nam is ramping up efforts to make the mining sector one of the country's major industries.

Anh said the mining sector is striving to modernise production technologies in a bid to increase productivity while minimising the environmental impacts.

The event will also foster interaction and collaboration between intentional investors, professionals, experts as well as machinery distributors and importers.

The fair houses five pavilions showcasing leading mining firms from Germany, South Korea, Poland, the US and 20 firms from Australia.

"With many advanced technologies and services, we hope the fair will provide a boost to Viet Nam's mining sector," said Ian Roberts, CEO of PT Pamerindo Indonesia, a member of Allworld Exhibitions Alliance.

The mining industry plays a very important role in Viet Nam's economy, as mineral trade accounts for a large share of the country's overall exports.

According to the Ministry of Industry and Trade, the mining sector contributed an average 10-12 per cent to the country's GDP during the last several years.

Last year, the mining sector's total export turnover reached US$9.1 billion, making up 9.4 per cent of the country's export turnover

Meanwhile, the number of employees in the sector was estimated at over 130,000, accounting for 3.2 per cent of the country's total labour force._vns

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