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Imported agriculture machines dominate
Foreign agricultural machinery manufacturers are making a killing in Vietnam, dominating a market where local firms hold a market share of less than 20 percent.
According to the Vietnam Agricultural Machinery Research Institute, more than 80 percent of the agriculture machinery used in Vietnam is made in Japan, South Korea and China.
The imported equipment is in more demand because the quality is better and the price is lower. Foreign manufacturers also offer retail outlets better commissions.
Of the 4,500 combine harvesters in the Mekong Delta, 90 percent are manufactured by Chinese companies, said Hoang Bac Quoc, head of the Mekong Delta Rice Research Institute’s Mechanical Engineering Department.
Vietnamese-made combine harvesters sell for about 40 percent more than Chinese-made machines.
A small combine harvester from China sells for about VND65 million (US$3,700), which includes a margin of VND10 million ($560) for the retailer. A Vietnamese combine harvester sells for about VND80 million ($4,500).
Nguyen Hong Thien, a spokesman for Vietnamese combine harvester maker Tu Sang, said his firm produced an average of 20 machines a year and so often had to refuse orders.
But a farmer looking for a new combine harvester can choose from a number of imported machines, which can be delivered within a few days, Thien said.
vietnamnews
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