Vietnam's security and fire equipment market has great potential for development

Ms. Echo Lin, A&S Group's M&A event manager in Asia’s leading security company, commented that Vietnam’s security and fire-fighting equipment market is growing rapidly, with a possible increase of 30-200% in 2009. In particular, by 2010, sales of monitoring and display equipment may reach 100 million U.S. dollars. She believes that Vietnam is increasing investment in infrastructure, such as tram systems in Hanoi and Ho Chi Minh City, highways, ports, aviation, banks, smart building trade centers, etc., all require a large number of safety protection equipment and fire prevention and fire fighting equipment, the development potential of the Vietnamese market Great.

In order to allow foreign companies to enter the Vietnam security market and create conditions for Vietnamese companies to access the latest international security technology, A&S Group and Vietnam Advertising MICE Co., Ltd. cooperate with the Fire Police Department and the Ho Chi Minh City Fire Police Agency, the Vietnam Security Professional Equipment Association and other units. The second exhibition on safety protection and firefighting equipment was organized at Saigon International Convention and Exhibition Center on September 17-19. About 230 booths will be set up at this exhibition. More than 100 companies from 10 countries and regions will participate in the exhibition and more than 500 kinds of the latest security and fire protection products will be introduced to meet the different needs of consumers.

The rapid and steady growth of Vietnam’s economy has promoted the continuous improvement of domestic spending power in Vietnam. In Vietnam, hotels, office buildings, banks, shopping malls, and residential communities have developed rapidly in recent years. However, due to various factors such as unbalanced economic development and huge gap between the rich and the poor, safety and security work is still very heavy. In recent years, many major security incidents in Vietnam have aroused the attention of the government. The government has adopted a series of measures to strengthen public safety work, such as mandatory requirements for public places to equip a certain amount of security equipment, and improve the equipment of security agencies and security personnel. and many more. According to statistics from related agencies, the amount spent on the purchase of various social public safety products, equipment and equipment in Vietnam in recent years has reached more than US$300 million. At the same time, the development base of Vietnam's safety equipment and equipment industry is relatively weak. The country’s research and production capacity is not high, and most of the products rely on imports. As a result, the rapidly growing Vietnamese security market is receiving more and more attention and attention. As people's awareness of quality of life and safety has increased, related social and public safety products, equipment and equipment have become extremely popular.