A German machine tool. Vietnam was the fourth biggest market among ASEAN countries for German machine tool manufacturers, according to the German Machine Tool Builders Association (Photo: VNA)HCM City (VNS/VNA) - Vietnam was the fourthbiggest market among ASEAN countries for German machine tool manufacturers,following Thailand, Indonesia and Singapore, according to the German MachineTool Builders Association (VDW).
Christoph Miller, head of the trade fair department at VDW,said: “For German manufacturers, ASEAN is a major customer region with a highlydynamic character. More and more production is being generated in the ASEANregion or being relocated from other markets into the ASEAN region. For themost part, these trends are emerging from the automotive and automotive supplyindustries, electronics, shipbuilding and general machinery construction.”
The overall potential of the ASEAN region shows that afterthe strong years from 2012 to 2015, current machine tool consumption hasstabilised at a level of about 3 billion EUR (3.4 billion USD), based on totalimports to each country. Drivers here are Thailand and Vietnam, he said.
Among export markets for the German machine tool industry,ASEAN as a whole region is ranked seventh. The two biggest markets in theregion – Vietnam and Thailand – are also major export markets for the Germanautomotive industry, ranking 14th and 16th, respectively.
Overall, it is clear that Asia – with China as the biggestexport market, followed by Japan, the Republic of Korea and ASEAN – is a majorexport region for the German machine tool industry, he said.
VDW, together with major machine manufacturers and controlsystem manufacturers, has launched a project to define a universal interfacebased on the OPC Unified Architecture format (a machine to machinecommunication protocol for industrial automation developed by the OPCFoundation), he said.
According to VDW, Germany will debut high technologies andnew solutions in metalworking at METALEX 2019, which will be transferred tocountries in the ASEAN region.
Germany is eyeing the ASEAN market due to the region’sdynamic and strong development. In addition, the Industry 4.0 trend willprovide opportunities for German companies to launch high technologies and newsolutions in metalworking, together with know-how, to ASEAN and Vietnam inparticular, it said.
According to the Vietnam Customs, Vietnam’s machinery andequipment imports were worth 24.58 billion USD in the first nine months of theyear, accounting for 14.2 percent of the country’s total import revenue.
China, the Republic of Korea, Japan and Germany were thebiggest suppliers of machinery and equipment to Vietnam.
According to experts, more and more firms have invested inmachinery and equipment to increase productivity and efficiency to improvetheir competitiveness in the global market.-VNS/VNA
Christoph Miller, head of the trade fair department at VDW,said: “For German manufacturers, ASEAN is a major customer region with a highlydynamic character. More and more production is being generated in the ASEANregion or being relocated from other markets into the ASEAN region. For themost part, these trends are emerging from the automotive and automotive supplyindustries, electronics, shipbuilding and general machinery construction.”
The overall potential of the ASEAN region shows that afterthe strong years from 2012 to 2015, current machine tool consumption hasstabilised at a level of about 3 billion EUR (3.4 billion USD), based on totalimports to each country. Drivers here are Thailand and Vietnam, he said.
Among export markets for the German machine tool industry,ASEAN as a whole region is ranked seventh. The two biggest markets in theregion – Vietnam and Thailand – are also major export markets for the Germanautomotive industry, ranking 14th and 16th, respectively.
Overall, it is clear that Asia – with China as the biggestexport market, followed by Japan, the Republic of Korea and ASEAN – is a majorexport region for the German machine tool industry, he said.
VDW, together with major machine manufacturers and controlsystem manufacturers, has launched a project to define a universal interfacebased on the OPC Unified Architecture format (a machine to machinecommunication protocol for industrial automation developed by the OPCFoundation), he said.
According to VDW, Germany will debut high technologies andnew solutions in metalworking at METALEX 2019, which will be transferred tocountries in the ASEAN region.
Germany is eyeing the ASEAN market due to the region’sdynamic and strong development. In addition, the Industry 4.0 trend willprovide opportunities for German companies to launch high technologies and newsolutions in metalworking, together with know-how, to ASEAN and Vietnam inparticular, it said.
According to the Vietnam Customs, Vietnam’s machinery andequipment imports were worth 24.58 billion USD in the first nine months of theyear, accounting for 14.2 percent of the country’s total import revenue.
China, the Republic of Korea, Japan and Germany were thebiggest suppliers of machinery and equipment to Vietnam.
According to experts, more and more firms have invested inmachinery and equipment to increase productivity and efficiency to improvetheir competitiveness in the global market.-VNS/VNA
VNA
