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The World of Machines and Tools AWAITS the manufacturing
industries at
HANOI and HO CHI MINH CITY. |
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| One year in the cohorts of the World Trade Organisation, Vietnam
is progressing remarkably with an astounding estimated annual
gross domestic product (GDP) growth of 8.5 percent. Foreign
investors and local manufacturers are on full speed ahead to
establish and strengthen their business network, operations,
infrastructure and support. |
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| Capturing the new wave |
| MTA Vietnam has put in place key building blocks and introduced
important professional platforms to link the international exhibitors
to the country¡¯s industrial development initiatives. 2008 brings
this strong foundation of capabilities and discoveries from
the bench, to the marketplace across Vietnam, to contribute
to the country¡¯s sector developments. |
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| For the first time, after three successful editions in Ho
Chi Minh City, MTA Vietnam now brings to the North, world class
brands of machines and tools. Past record has proven delivery
of the most international array of manufacturing solutions.
MTA Vietnam2008 - Hanoi Edition, extends this platform of opportunities,
collaboration and cooperation, to reach the burgeoning surroundings
of Hanoi, Hai Phuong, Nam Dinh, Ha Nam, Quang Ninh, Bac
Ninh, Thai Ngyuen, Phu Tho, Son La, Hai Duong, Vinh Phuc and
Hung Yen. |
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| Hanoi, on the forefront of development, offers significant
business opportunities for both local and foreign companies.
The master plans for Hanoi and its neighbouring provinces are
attracting a growing multitude of foreign direct investments,
making the North a top priority launch platform. |
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| MTA Vietnam2008 ¨C Hanoi Edition will be held at the Giang
Vo Exhibition Centre (VEFAC) from 9-12 July. |
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| Hanoi ¨C Forefront of development |
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"Vietnam's newly discovered Nam Rong-Doi Moi oilfield
is expected to produce about 15,000 barrels of oil per day by
2010. The oil field is located 135 km (84 miles) southeast of
Vietnam's oil hub province of Ba Ria-Vung Tau."
(Source:
Reuters, Jan 2008) |
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"Vietnam automobile sales nearly doubled to more than
80,000 units last year compared to 2006, driven by a 128 percent
rise in demand for passenger cars, manufacturers said Tuesday.
Toyota topped the list of 17 manufacturers who make or assemble
automobiles in the country with over 20,000 domestically-assembled
units sold, followed by Truong Hai, GM Daewoo and Vinaxuki.
Total auto sales increased to 80,392 units from January to December,
up 97 percent compared to the previous year, the Vietnam Automobile
Manufacturers' Association (VAMA) said in a report. In December
2007 alone, sales volume reached 12,006 units, up 96 percent
compared to the same month of 2006. Communist Vietnam, a emerging
economy with 8.5 percent growth last year, moved from bicycles
to motorcycles in the 1990s and is now seeing a rise in car
ownership, especially in cities, despite high import tariffs."
(Source: AFP, Jan 2008) |
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"Sembcorp¡¯s industrial parks joint venture, Vietnam Singapore
Industrial Park and Township Development Joint Stock Company
(VSIP JSC) kick-start the construction of the 700 hectare Vietnam
Singapore Industrial Park (VSIP) located in Bac Ninh Province,
North Vietnam , the third VSIP project in Vietnam and first
in Northern Vietnam. Fifteen companies have already taken up
130 hectares of land for production and commercial development.
Amongst these companies are the component suppliers to notable
home office appliance manufacturers."
(Source:
Semcorp Industries Press Release, Dec 2007) |
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"Japan's Canon company, invested $100 million in a laser
printer factory in Thang Long Industrial Park in Ha Noi, will
invest $100 million in a new factory in Bac Ninh Province. The
additional investment will make Vietnam Canon's largest laser
printer units, with a manufacturing production capacity of 700,000
products per month or, 80% of the company's annual output."
(Source: Vietnam News Agency, VentureOutsource.com, June
2007) |
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"Taiwanese firm Hon Hai (also known by the trade name
Foxconn) plans to invest $5 billion in a plant located in the
northern provinces of Bac Ninh (40km north of Hanoi) and Bac
Giang designed to make electronic equipment. The project is
expected to earn export revenue of $3.5 billion a year and provide
jobs for 50,000 people."
(Source: Vietnam News
Agency, VentureOutsource.com, June 2007) |
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| Excerpts from www.moi.gov.vn...... |
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The Socio-Economic Strategy till
2010 - Sectors on National Industrial Development
Chemical-fertilizer sector, electronic-informatics sector,
mechanical engineering sector, exploration and processing
of minerals, steel, coal, power, and oil and gas. |
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| "The Mechanical Engineering sector targets
to satisfy 40% local demand, reach 60-70% local-content-requirement
in mechanical vehicles, engine and equipments." and "to focus
on manufacture of spare parts for automobile and motorcycle,
manufacture and assemble construction equipment, technical equipment
for marine transportation and marine engines, develop ship-building
and ship-repairing industry, step up manufacture of spare parts
for agricultural and forest machinery, industrial equipment
for cement and sugar production." |
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| "Hi-Tech industry, especially the information
technology, telecommunication, electronics, and automation should
develop at a higher pace." The socio-economic development strategy
2001-2010 included initiatives to set up factories manufacturing
IC, PLC, sensors, multi-layer PCB and equipment for measuring
and digital controlling and medical equipment." |
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| "In order to accelerate the pace of the power sector
to meet the increasing demand of consumption, production, etc."
"The capacity of power supply is projected to have an additional
increase of 5,200MW to reach the total capacity of 11,400MW
by end of 2005, 6,600MW by 2010 and to reach 18,000MW." |
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| "With a view to develop the oil and gas sector to supply sufficiently
and safely for the increasing demand," initiatives include intensifying
exploration, promoting oil-field development and to set up the
South-West gas pipe-line for the Phu Mu Integrated Area and
Energy Complex to supply gas to Ca Mau Integrated Area and Energy
and petrochemical complex." |
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| "So as to develop the steel industry at the
pace that meets the insatiable consumption demand for construction
steel, the government has devised significant orientations in
the Socio-Economic Development Strategy 2001-2010." |
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| (Source: MOI, June 2006) |
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