The Ho Chi Minh City Electricity Exhibition in Vietnam explores the energy development market in the manufacturing center of Southeast Asia.

The Vietnam Ho Chi Minh City Electricity Exhibition will be held at the Saigon International Exhibition and Convention Center in Ho Chi Minh City, Vietnam from July 17 to 19, 2024. The exhibition is held once a year and is co-organized by the Ho Chi Minh City Industry and Trade Bureau, Vietnam Advertising Exhibition Joint Stock Company, and Vietnam Support Industry Development Center. Huiyuan Group organized 20 domestic enterprise representatives to participate in the exhibition to experience the professional electric power exhibition that Vietnamese power companies and foreign counterparts pay attention to.

Exhibition Introduction

Exhibition Name: Vietnam Ho Chi Minh City Electricity Exhibition

Exhibition Time: July 17-19, 2024

Exhibition location: Saigon International Exhibition and Convention Center, Ho Chi Minh City, Vietnam

Organizers: Ho Chi Minh City Industry and Trade Bureau, Vietnam Advertising Exhibition Joint Stock Company, Vietnam Support Industry Development Center

Vietnam International Power Equipment and Technology Exhibition and Vietnam International Energy Saving and Green Energy Technology Products Exhibition are the largest exhibitions in Vietnam's power and new energy industries. They have been identified as Vietnam's national trade promotion projects and have received strong support from the Vietnamese government. Vietnam's power equipment industry has been rated as one of the most attractive investment areas in the region. The exhibition has been successfully held for 16 sessions since 2008, and has been strongly supported by the Vietnamese government, becoming a professional international power and new energy exhibition.

The organizer of the exhibition, Vietnam Advertising Exhibition Joint Stock Company, is a well-known exhibition company in Vietnam. With professional and experienced staff and close relations with government agencies and international partners, it has successfully organized, co-organized and managed domestic and international exhibitions in various fields.

This exhibition adopts the form of "offline physical exhibition + online display", with power technology, green energy, energy storage technology and energy-saving technology as the main exhibition themes, and invites companies from 15 countries around the world to participate in the exhibition. Government agencies, experts and entrepreneurs from the power and energy industries of various countries will seek development and cooperation opportunities through the platform of ETE2024.

Data from the previous exhibition

The 2023 exhibition was impressive, with more than 550 booths and 350 exhibitors, attracting more than 24,000 professional visitors from 25 countries and an exhibition area of 10,000 square meters. Many well-known companies participated, such as EVN HCMC, Gelex, Cadivi, Ls Vina, Chint, VTech, BTB, Vina Electric, Hioki, 3M, TUV Rheinland, OTEC, etc.

Market Analysis

Vietnam is the manufacturing center of Southeast Asia, with rapid economic development and strong industrialization driving the demand for energy. In terms of electricity, the original power facilities have not been updated in time, resulting in insufficient power production capacity, and the grid absorption capacity has restricted development, but the market potential is huge. By 2022, Vietnam's total installed capacity of renewable energy, including wind power and solar energy, will exceed 85,000 megawatts, and the scale of the power system will rank among the top in ASEAN in terms of total installed capacity.

Currently, Vietnam is a hot spot for investment and trade in power technology and equipment. The annual growth rate of this market is as high as 20-25%, but its domestic self-sufficiency in equipment and materials is only 30-55%. Domestic and foreign companies are competing fiercely for market share in technology and equipment. Among them, the sustainable development of Vietnam's power is particularly critical, and great progress has been made in this regard.

In 2021, Vietnam's power generation was about 255 billion kWh, with an annual compound growth rate of about 7.6% from 2017 to 2021. By the end of 2020, the total installed capacity of Vietnam's power system was about 56 GW. In 2020, the maximum load capacity of Vietnam's power system was about 38.7 GW, and the crude reserve rate of the power system (excluding wind and solar energy) was 34.3%. The current average electricity price in Vietnam is 1,533-2,580 VND (6.3 to 10.75 US cents) per kilowatt-hour. As Vietnam's economy grows, industrial, commercial and residential electricity consumption will rise rapidly. In the next 10-15 years, Vietnam will have many investment and trade opportunities in power generation, transmission and distribution, and clean electricity.

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