HÀ NỘI — Russia’s biggest digital solutions vendor ZYFRA has announced plans to enter the Vietnamese market as early as next year. 

Over the next three years, it is estimated that Việt Nam will overtake China in terms of GDP growth. It is expected that the country’s growth will be 6.8 per cent in 2019.

According to the Government development programme until 2035, most fabrication will be turned into digital manufacturing. Particularly, significant growth will be in the areas of industry, construction and services.

The company, founded in November 2017, currently operates in Finland, China, Russia, Bulgaria and India, and its platform connects over 7,000 CNC machines across these countries. By the end of 2018, more than 200 production facilities will be equipped with its products.

Igor Bogachev, CEO of ZYFRA Group, said smart manufacturing (the term refers to IoT and AI) was projected to grow noticeably in the next three to five years.

“Recent surveys showed 92 per cent of senior manufacturing executives believe that ‘Smart Factory’ digital technologies such as artificial intelligence will allow them to improve their productivity and empower their staff to work more intelligently. Some even account for smart manufacturing market volume to increase to over US$320 billion by 2020,” he said.

The company recently started its acquisition of VIST Group, one of the industrial leaders in development and implementation of information technologies for digital mining. Through acquisition (to be finished by 2020) of these assets, the company is planning to occupy a significant share of the global market and to compete with Caterpillar, Komatsu and other major players. — VNS