The Vietnam Industrial and Manufacturing Fair (VIMF) 2018 opened at the Kinh Bac Cultural Center in the northern province of Bac Ninh on June 6. More than 200 booths are present at the three-day VIMF 2018 - Photo: bacninh.gov.vn More than 200 booths are exhibited at the three-day event, the first of its kind held in Bac Ninh province. Theo VNA … [Read more...] about Bac Ninh hosts Vietnam industrial and manufacturing fair
Vietnam industrial
Change is coming with the 4th industrial revolution: experts
Here are the opinions of business leaders on what the fourth industrial revolution has in store for Vietnam. In this current stage of the manufacturing sector, Vietnam is still behind Malaysia and Singapore, which are almost at the robotics or semi-automation level. Given the high cost, there is also a lack of awareness and understanding among Vietnamese companies in regard to the benefits that automation can bring. This is not a big problem, however, but rather an opportunity for companies like Hitachi Systems. I believe that once Vietnamese companies see the benefits over a long-term basis, they will be quick to adapt to the trend. I understand the Vietnamese Government is now looking at Industry 4.0 as a way to sustain the country’s competitiveness. However, the road for Vietnam to enter Industry 4.0 will differ from other countries. Many foreign companies still see Vietnam within the “China plus one” model, with many companies in China diversifying their … [Read more...] about Change is coming with the 4th industrial revolution: experts
Vietnam’s industrial skid marks a four-year low
A sharp decrease in the mineral sector and lower growth in many industrial sectors were the major contributors to a four-year-low in industrial production growth in the year’s first four months. Vietnam Steel Association forecast a 12 per cent growth for Vietnam’s steel sector in 2017 Le Thuy Trung, vice head of the Ministry of Planning and Investment’s Department for Industrial Economics (DIE), told VIR that the country’s four-month index for industrial production (IIP) climbed only 5.1 per cent, far lower than that in the corresponding periods of 2016 (7.4 per cent), 2015 (9.4 per cent), and 2014 (5.4 per cent). In April, IIP went up by 7.4 per cent, still lower than the 7.9 per cent of the same period last year. According to the DIE, the main causes behind this include a year-on-year drop of 9.7 per cent in the mineral sector’s output value for the year’s first four months, as well as a 13.1 per cent decline in coal production, a 1.6 per cent … [Read more...] about Vietnam’s industrial skid marks a four-year low
Vietnam Expo 2017 to bring together 500 businesses
The information was released by Bui Huy Son, Director of the Trade Promotion Agency under the Ministry of Industry and Trade, at a press briefing introducing the event in Hanoi on April 11. Products on display will cover the areas of cosmetics, beauty equipment, food and drinks, household devices, machinery and electronics, among others. Alongside booths set up by individual enterprises, the four-day fair will also feature five national pavilion sections from Algeria, Cuba, the Republic of Korea (ROK), China and Vietnam, Son said, adding that an array of trade promotion activities will be held on the sidelines of the event. Notably, the Vietnam Exports Promotion Forum will discuss export market prospects and opportunities, exports policies and their impacts on exports activities, while sharing practical experience in trade promotion, seeking to help businesses to work out measures to improve their exports efficiency. The ROK will be participating in the 2017 Vietnam Expo for the 19th … [Read more...] about Vietnam Expo 2017 to bring together 500 businesses
VME17 Boldly Proposed to Start Approach towards Industry 4.0
VME17 Boldly Proposed to Start Approach towards Industry 4.0 Reed Tradex Ltd, Co. on March 23 hosted a press conference in Hanoi to unveil its schedule and activities of unique exhibition platform "Vietnam Manufacturing Expo (VME) 2017" exploring the latest innovations, trends, and applications in the rapidly changing manufacturing industry. This year, the organizer has increasingly cooperated with local associations such as Vietnamese Association of Mechanical Industry (VAMI) and Vietnam-German Technology Transfer and Training Center (HwC). All the parties have a common mission to create the first moves for Vietnam industry on the road to "Industry 4.0", and gradually step in to global standard. From 26 – 28 April, 2017, the 'heart' of machinery and technology for manufacturing industry will be demonstrating at Hanoi International Center For Exhibition (I.C.E., Hanoi) through the 9th edition of "Vietnam Manufacturing Expo (VME) 2017". As an extension of the manufacturing … [Read more...] about VME17 Boldly Proposed to Start Approach towards Industry 4.0