Organisers of the MTA HANOI 2018 announce that more than 75 percent of exhibitors at the event will come from foreign countries. (Photo: VNA)Hanoi (VNA) – As many as 165 companies from 15countries and territories will participate in the 6th InternationalPrecision Engineering, Machine Tools and Metalworking Exhibition &Conference (MTA HANOI 2018), scheduled to take place in the city fromOctober 16-18.
Covering an area of 4,300sq.m, the exhibition will showcaseofferings and products covering a broad technology scope relevant to themanufacturing sector.
It will introduce a range of modern technologies and smartequipment from many famous brand names in the world.
Speaking at the press meeting held in Hanoi on September 28,BT Tee, General Manager of Vietnam – the organiser, said more than 75 percentof exhibitors at the event would come from foreign countries including China,Germany, Indonesia, Japan, the Republic of Korea, Thailand, the US and the UK.
The exhibition would be an opportunity for cooperation forleading firms in the supply chain of manufacturing and mechanics in thenorthern region, he said.
Pham Duc Thien, head of mechanical engineering under the HanoiUniversity of Mining and Geology, said the total capital of local mechanicsbusinesses reached 360-380 million USD while the foreign investment in thesector in Vietnam was around 2.1 billion USD.
The figures will continue to increase in the upcoming timeas Vietnam becomes a promising destination for foreign investors, Thien said.
He said that export volume of the mechanical manufacturingindustry was expected to account for 35 percent of the total mechanicaloutput by 2020, 40 percent by 2030 and 45 percent by 2035.
The strategy is to focus on development of some sub-sectors,such as automobiles, tractors, agricultural machinery, construction equipment,industrial equipment and electrical equipment to meet with the economy’srequirements and partly for exports. In addition, mechanical workforce must betrained to meet the needs of modern manufacturing.
Nguyen Thi Mai Phuong, a representative from Cybertech Vietnam Company, saidthe exhibition would be an opportunity for Vietnamese firms to access advancedtechnologies, thus helping them deeply join into the production chain.
A range of seminars, interactive workshops and panel debateson some of the current issues affecting the manufacturing and precisionengineering sectors, including forums on Industry 4.0 technology, blockchainand OT security system, will be held on the sidelines of the exhibition.-VNA
VNA
