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October 28, 2024 - November 1, 2024
The United States Department of Commerce, International Trade Administration (ITA), is organizing a Design and Construction Trade Mission to the Southeast Asia region on from October 28 - November 1, 2024.
This business development mission, which is limited to 10-15 U.S. companies, is focused on expanding export opportunities to U.S. small and medium-sized businesses with owners and/or leaders from industries with growing potential in the Southeast Asia region. Key reasons why ITA has identified the Design and Construction Trade Mission to Southeast Asia as an opportunity for U.S. firms is due to the region's rapid urbanization and economic growth, driving extensive infrastructure development, high demand for residential and commercial projects.
The Trade Mission will accept design and construction companies with products and services identified as best prospects in each country, including the following subsectors: (1) planning and design; (2) construction safety; (3) green, low carbon, and energy efficient building materials; (4) retrofitting and refurbishment; (5) construction robotics and automation; (6) AI, digitalization and applications; (7) modular integrated construction (MiC); (8) recycling, circular economy; (9) GHG emission reduction solutions, environmental protection technologies, BIM; and (10) building standards (such as WELL and LEED) – all in high demand in Hong Kong, Taiwan, and Vietnam.
Compelling Reasons to Do Business in Southeast Asia
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Market Conditions: Hong Kong, Taiwan, and Vietnam have commitments to reach carbon neutrality by 2050 and experience shortages of construction workers, causing delays, accidents, and cost inflation.
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Mission Benefits: Participants will have the opportunity to gain market insights, establish industry contacts, interact with government agencies, solidify business strategies, and advance specific projects in Hong Kong, Taiwan, and Vietnam.
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Networking and Business Opportunities: The mission includes group interactions with government agencies and leading trade associations, and potentially customized one-on-one business appointments with pre-screened potential agents, distributors, partners, and buyers.
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Watch our recent Webinar on Design and Construction Opportunities in Southeast Asia where we showcased business opportunities in Hong Kong, Taipei, and Ho Chi Minh City.
The Details:
Application: The application period will close on July 31st, so all interested parties are encouraged to apply ASAP.
Eligibility: Participation is limited to 10-15 U.S. companies to Hong Kong, Taipei, and Ho Chi Minh City to meet with officials and potential buyers. Recruitment and consideration will be extended to all export-ready U.S. companies, including small businesses, trade and/or industry associations, and other exporting organizations that meet the established criteria for participation in the mission.
Register your interest to receive a brief market assessment from all three (3) markets; Hong Kong, Taipei, and Ho Chi Minh City.
Trade Mission Registration Process
Trade Mission Timetable
Fees & Expenses
If accepted on the Trade Mission, the fees* are as follows:
After a firm or trade association is selected to participate on the trade mission, a payment to the U.S. Department of Commerce in the form of a participation fee is required. The fees are as follows:
- If selected for business-to-business meetings in Hong Kong, Taiwan, and Vietnam, the fee is $3,800 for a small or medium-sized enterprises (SME)**, and $5,500 for large firms.
* Expenses for travel, transportation, lodging, most meals, and incidentals will be the responsibility of each mission participant.
** As a federal agency, the U.S. Department of Commerce must follow the Small Business Administration’s small business size standards per the Small Business Act of 2013.
Questions?
Please contact Frantz.Eyssallenne@trade.gov, or Hoeun.Kim@trade.gov
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