Importing products has an advantage over production organizations, so many businesses develop well, while enterprises manufacturing machines and molds face numerous difficulties because of high import tax rates.
In the context of deep integration, in order to gain a foothold in the global value chain, Vietnam's mechanical industry needs to be reformed from mechanisms and policies to technology, especially in the areas of high added value.
In recent years, thanks to the promotion of research, receptive and technology transfer activities, the mechanical industry has achieved remarkable achievements, contributing to the national industrialization and modernization.
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%. ...
On October 16, Hanoi 2018 International Exhibition of Machine Tools, Precision Machining and Metal Processing (MTA) opened with the participation of 165 units, of which 75% are domestic enterprises. in addition to 15 countries and territories.