Sunday, October 20 2019

VietNamNews

Expo facilitates mechanical engineering industry in the north

Update: September, 21/2019 - 08:17

 

 

An overview of MTA HANOI 2018. Photo mtahanoi.com

HÀ NỘI — The 7th International Precision Engineering, Machine Tools and Metalworking Exhibition & Conference (MTA HANOI 2019) will return to the capital city next month, striving to make greater contributions to the mechanical engineering sector in the north.

With the theme of “We are Industry 4.0 ready!”, the upcoming exhibition will witness the participation of 158 businesses from 15 countries and territories including those from South Korea, Japan, Hong Kong, Taiwan, Singapore, Germany, the UK and the US.  

Covering an area of 5,500sq.m, the three-day event will showcase products and advanced technologies from around the globe relevant to the mechanical engineering sector. Especially, it will highlight the most innovative solutions of Industry 4.0 in order to apply the technology in production.

Speaking at the press meeting held in Hà Nội on Friday, William Lim, Project Director, Engineering Events at Informa Markets, praised Việt Nam’s impressive economic performance over the past ten years with an average GDP growth at 6 per cent, driven by strong domestic demand, export-oriented-manufacturing as well as increasing foreign direct investment.

Việt Nam’s economy this year is expected to grow by around 6.8 per cent – the fastest rate in Southeast Asia, Lim said, adding that MTA HANOI has also enjoyed strong growth in line with the domestic economy.

This year’s edition will be held from October 16-18 at the International Centre of Exhibition in the capital city.

Nguyễn Thanh Hòa, country manager of Japanese Makino Vietnam Co which has participated in MTA HANOI for years, said that the exhibition has witnessed increases in scale and number of exhibitors year by year. He described the event as an opportunity for exhibitors and visitors to exchange information and seek new trade partners.

A conference discussing the manufacturing industry in Việt Nam and “Made in Việt Nam” goods and another on mechanical engineering firms in the context of Industry 4.0 will be also held on the sidelines of the event which will be co-organised by Informa Markets and VCCI Exhibition Service Co.

Known as the “backbone” of Việt Nam’s economy, the mechanical engineering industry is striving to apply advanced technology, produce high-quality products and join the global value chain by 2035.

Export volume of the mechanical manufacturing industry was expected to account for 35 per cent of the total mechanical output by 2020, 40 per cent by 2030 and 45 per cent by 2035.

MTA HANOI 2018 recorded more than 5,000 trade visitors from 15
countries and regions and 308 group delegations, marking a healthy increase of 37.5 per cent in comparison with the previous edition. — VNS

 

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