China dominates Viet Nam farm machinery market
Chinese imports have a ubiquitous presence in agricultural machinery used in Viet Nam.
The country imports more than 60 per cent of agricultural production machinery from China.
Many components used to produce machinery locally are also Chinese imports, according to the Viet Nam Engine and Agricultural Machinery Corporation.
"Viet Nam relies on Chinese imports because local engine makers cannot produce many essential components that are cheap but also of high quality," an official of the An Giang Mechanical Company said.
One machinery expert said there were more than 20 Chinese businesses in Viet Nam that can produce components at a quarter the local cost.
"We can hardly compete with the Chinese products due to our low capacity and level of production," said Nguyen Hay, vice president of HCM City Agriculture and Fisheries University.
The Southern Engine and Agricultural Machine Company is one of very few businesses that produces completely indigenous diesel engines capable of competing with Chinese imports, said Nguyen Duc Hien, who manages marketing.
It’s hard to find any machinery fully made by local producers, he added.
Viet Nam’s businesses have manufactured approximately 40,000 diesel engines since 2007, accounting for about 30 per cent of the market, a VEAM official said.
There are about 550,000 agricultural production machines currently in use nationwide, including ploughs, threshing machines and electric generators.
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