08:31 | 18/10/2018 Industry
The 6th International Precision Engineering, Machine Tools and Metalworking Exhibition & Conference (MTA HANOI 2018), which opened in Hà Nội on Tuesday, saw participants from US, UK, South Korea, China and Taiwan.
|Visitors at the exhibition - VNS Photo|
This demonstrates the attractiveness of Vietnam’s mechanics sector, the organizer said.
BT Tee, organizer and general manager of UBM VES, said Vietnam had signed many multilateral and bilateral trade agreements. The greatest impact of these agreements on the production area is to help reduce investment costs, thereby encouraging investment from the private sector.
“These are the reasons why foreign businesses are becoming more and more concerned about the country’s mechanical market,” he said.
He added the size of the industry in the south was double that of the north. However, HCM City had focused on slow-growing traditional industries, while Hanoi concentrated on the electronics industry and information technology.
The capital city had a growth rate double that of HCM City, although the scale was only half. This indicated high efficiency in investment in the northern market.
However, he said the country’s mechanics sector had faced challenges improving its technologies to meet with increasing outsourcing and production demand.
"The Fourth Industrial Revolution has pushed the mechanics sector to a higher level with new smart equipment such as robots and 3D printing machines with outstanding characteristics.
"The exhibition therefore brings leading firms with advanced machines and equipment to the northern market," he added.
Covering an area of 4,300sq.m, the three-day event attracted some 165 firms from 15 countries and territories.
MTA HANOI 2018 will also have seminars, interactive workshops and panel debates on some of the current issues affecting the manufacturing and precision engineering sectors, including forums on Industry 4.0 technology, blockchain and OT security system.