Vietnam’s manufacturing industry to grow robustly

09:16 | 30/10/2019 Industry

(VEN) - Vietnam will potentially become the next manufacturing hub in Asia. Moreover, continuing into the US-China trade war, Vietnam’s manufacturing industry is likely to grow steeply. Han Chang Woo, general director of the SAMIL CTS VINA, discussed the issue with Vietnam Economic News’ Ngoc Han.

vietnams manufacturing industry to grow robustly
Han Chang Woo, general director of the SAMIL CTS VINA

What do you think about the potential of Vietnam’s manufacturing industry?

Vietnam has the potential to lead the world’s manufacturing industry with abundant labor, along with continued R&D led by young and talented people. As young Vietnamese employees working for the Republic of Korea (RoK) companies accumulate the technology infrastructure of Vietnam’s manufacturing industry, they are expected to operate companies or independent businesses in the future in which will contribute greatly to future Vietnamese manufacturing industry.

Vietnam takes key advantages of having stable and substantial foreign direct investment (FDI) flow and young working age population. Also, it has a land route adjacent to China and sea route, and it’s good for import and export.

Vietnam will potentially become the next manufacturing hub in Asia as China, the former factory of the world. Also, Vietnam’s manufacturing accounts for higher FDI (40 percent) than China (30 percent). Moreover, continuing into the US-China trade war, Vietnam’s manufacturing industry is likely to grow steeply.

What plans do you have for future development?

SAMIL CTS wants to build a good relationship with various partners because we believe in the infinite potential of Vietnam’s manufacturing industry.

SAMIL CTS VINA produces automation products in Vietnam and offers reasonable cost and time reduction. Especially, SAMIL CTS VINA continually invests in technical development for localization. Also, we offer the best follow-up service with the local professional workers regarding construction, design and system and satisfying maintenance cost to partners. To succeed and stay in the position against manufacturing competitors, we should follow up the latest technologies and knowledge.

What product would you like to promote this year?

We would like to introduce one of my company’s products - FCU (Field Control Unit). The product can effectively accommodate changes in the building automation control systems that require high reliability and easy system maintenance capabilities such as heating, ventilation, and AC.

VME is the most comprehensive exhibition on machinery and technology for the manufacturing industry. We expect to look for business partners and advertise SAMIL products that are produced by Vietnam SAMIL factory to potential distributors and partners. SAMIL CTS VINA expects to catch up the manufacturing trend and advertises SAMIL CTS VINA own products and services to distributors, construction companies at VME 2019. Furthermore, we anticipate finding business partners to cooperate together in Vietnam.

Ngoc Han