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Injection molding armed robots excite at expo
Visitors at last year’s Vietnam manufacturing Expo in Hanoi were enthused by new technologies, such as electric injection molding machines, two-arm industrial robots and water cutting machine.
This year’s expo at the International Exhibition Centre on May 21-23 would be even better, said organiser Nichapa Yoswee, managing director of Reed Tradex Company.
More than 200 companies from 20 countries exhibited more than 1,000 technologies last year, Yoswee said.
This year’s expo would have more such sophisticated innovations to help visitors tap their market and ride their opportunities, he said, plus it would provide the opportunity to make lucrative connections and expand business networks.
“The expo is a big chance to make a debut among the estimated 10,000 industrialists in Vietnam ,” Yoswee said.
Those who were entitled to join the subcontractors’ pavilion at the expo may qualify for financial assistance from the Department of Export Promotion.”
He expected the Thai Subcontracting Promotion Association to bring a group of contractors serving the auto industry to capitalise on emerging business opportunities in Vietnam .
“No one can deny the growth of Vietnamese manufacturing. Revenues from exports and an increasing domestic demand for higher quality have led to the rapid developments of industrial and export processing zones,” Yoswee said.
“What’s made it happen is the transfer of technologies and knowledge”.
“A major concern of the Vietnamese Government is its trade deficit. It has started to tackle the problem by automobile parts and encouraging manufacturers to produce components and parts locally.”
Yoswee gave some examples, such as in the automotive industry, where the Government was pushing for an increase to 60 percent by next year for local content of automotives parts in a vehicle.
There are 35 Vietnamese auto assemblers and 14 foreign direct investment (FDI) companies. Last year, 64,033 automobiles were assembled, 44,103 (68.87 percent) by foreign investment.
“The Government considers auto assembly and manufacture to be a prioritised industry.”
The electronics industry has targeted revenues of 4-6 billion USD by next year, with 3-5 billion USD of that from export with annual growth rate of 20-30 percent.
The annual growth rate of the plastic industry in Vietnam has been around 30 percent in recent years. Plastics is the third fastest export growing sector in Vietnam and is expecting growth from easier access to overseas markets.
Vietnam imported 5.7 billion worth of machines, equipment and spare parts from January to May 2008, a year-on-year surge of 42.5. The country also spent nearly 10.4 billion importing machines, equipment and spare parts I 2007, up 56.5 percent over 2006.
viet nam news, vietnamplus
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