A German machine tool (Photo: VNA) HCM City (VNS/VNA) - Vietnam was the fourth biggest market among ASEAN countries for German machine tool manufacturers, following Thailand, Indonesia and Singapore, according to the German Machine Tool 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 highly dynamic character. More and more production is being generated in the ASEAN region or being relocated from other markets into the ASEAN region. For the most part, these trends are emerging from the automotive and automotive supply industries, electronics, shipbuilding and general machinery construction.” The overall potential of the ASEAN region shows that after the strong years from 2012 to 2015, current machine tool consumption has stabilised at a level of about 3 billion EUR (3.4 billion USD), based on total imports to each country. Drivers here are Thailand and … [Read more...] about Vietnam a big market for German tool makers
Emerging global markets
Vietnam big market for German tool makers
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. — VNS Photo Christoph Miller, head of the trade fair department at VDW, said: “For German manufacturers, ASEAN is a major customer region with a highly dynamic character. More and more production is being generated in the ASEAN region or being relocated from other markets into the ASEAN region. For the most part, these trends are emerging from the automotive and automotive supply industries, electronics, shipbuilding and general machinery construction.” The overall potential of the ASEAN region shows that after the strong years from 2012 to 2015, current machine tool consumption has stabilised at a level of about three billion euros (US$3.4 billion), based on total imports to each country. Drivers here are Thailand and Vietnam, he said. Among export markets for the German machine tool … [Read more...] about Vietnam big market for German tool makers
VN big market for German tool makers
Viet Nam was the fourth biggest market among ASEAN countries for German machine tool manufacturers, following Thailand, Indonesia and Singapore, according to the German Machine Tool 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 highly dynamic character. More and more production is being generated in the ASEAN region or being relocated from other markets into the ASEAN region. For the most part, these trends are emerging from the automotive and automotive supply industries, electronics, shipbuilding and general machinery construction.” The overall potential of the ASEAN region shows that after the strong years from 2012 to 2015, current machine tool consumption has stabilised at a level of about three billion euros (US$3.4 billion), based on total imports to each country. Drivers here are Thailand and Viet Nam, he said. Among export markets for the German … [Read more...] about VN big market for German tool makers
Vietnam forecast bright spot in FDI attraction despite global volatility
The Hanoitimes - High economic growth and effective policy reforms will help Vietnam continue being one of hot spots in attracting foreign investments next time despite tensions in the global market, experts forecast. Vietnam has gained a great success in welcoming an ever-accelerating flow of foreign investment into the country in recent years. However, a question on how the inflow will be next time is raised when many external factors can cause adverse impacts on it. Foreign manufacturers are forecast to relocate their facilities from China to Vietnam Currently, there are many external factors, such as the geopolitical tensions and the US’s strong protectionism policy, which can diminish foreign inflow to a country. Besides, many countries have recently also applied tightened monetary policies, which will cause a decline in direct and indirect investment inflows to emerging markets. However, if considering its intrinsic value, Vietnam will still be a bright spot … [Read more...] about Vietnam forecast bright spot in FDI attraction despite global volatility
FTSE adds Vietnam to watch list for reclassification as secondary emerging
The Hanoitimes - The move is considered a welcome sign for Vietnam`s market. FTSE Russell - a leading global provider of financial services, has added Vietnam, which is currently classified as a frontier market, to the watch list for possible reclassification as secondary emerging, stated the company in its latest report. Illustrative photo. In addition to Vietnam, Argentina and Tanzania are also included in the watch list for a possible future reclassification. In June, Morgan Stanley Capital International (MSCI) in its annual market classification review decided to hold Vietnam's status as a frontier market. According to MSCI, Vietnam has to address five issues. Firstly, openness to foreign ownership. More information on the stock exchanges and the Vietnamese Securities Depository (VSD) websites can now be found in English. However, some company related information is not always readily available in English. In addition, the rights of … [Read more...] about FTSE adds Vietnam to watch list for reclassification as secondary emerging