On the momentum of strong industrialization, Vietnam's mechanical industry is seen as a "backbone" development industry, a prerequisite for the country's economic development. It is expected that by 2035, the total export volume of the Mechanical Industry will reach 45%.
Sharing on the sidelines of the 6 th International Conference on machine tools, precision mechanics and metal processing (MTA Hanoi 2018) has just taken place in Hanoi, Head of the Department of Mechanical Engineering (University Hanoi Geological Mine) Pham Duc Thien calculated: In 2018, with a growth rate of 20% for the manufacturing industry, Vietnam becomes a partner to join the Free Trade Agreement (FTA), opening up a lot. Potential partnerships in the region. At present, the total capital of domestic mechanical companies is about 360 - 380 million USD and the total foreign investment in manufacturing is about 2.1 billion USD.
It is predicted that by 2020, the manufacturing mechanical industry will have a total export output of 35%, 40% in 2030 and 45% of the mechanical industry by 2035. “These numbers will continue to increase in the near future as Vietnam becomes a promising investment destination for foreign investors. At the same time, thereby creating strong competition for manufacturers to constantly upgrade technology to improve technical quality and improve technology" said Pham Duc Thien.
Contributing to the potential of this spearhead industry, from 16-18 October 2018, UBM Vietnam Company will coordinate functional departments and organizations to organize MTA Hanoi 2018 Exhibition in Hanoi. This event is expected to create an effective trade bridge for mechanical enterprises, suppliers and distributors of machinery and equipment in the Northern region. In particular, the event will open the overview, multi-dimensional, emphasizing the economic models with high applicability for the development of Vietnam's mechanical enterprises today.
Viet Anh (According to PV http://tapchitaichinh.vn)