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Update news VAMI
While some experts are optimistic about Vietnam’s performance in the 4.0 Industry era, mechanical engineering companies believe the country is still beginning the “3.0 industry revolution”.
VietNamNet Bridge - Mechanical engineering is considered the backbone of the national economy. However, after many years of development, the industry can only satisfy 32 percent of domestic demand.
VietNamNet Bridge - Many key projects in Vietnam with big problems in quality were implemented by Chinese contractors.
Electrical engineering companies complain they have to struggle to obtain jobs in Vietnamese-invested projects, even though the government has promised to increase the localization ratios in thermal power projects.
The Vietnam Association of Mechanical Industry (VAMI) has said that the sudden increase in Chinese truck imports could kill domestic production.
VietNamNet Bridge - Eight private and state owned automobile and mechanical firms have decided to combine to protect domestic production before the tariff reduction commitments that go into effect in 2015.
No considerable progress has been made so far in the mechanical engineering over the last 10 years when Vietnam implemented the 10-year industry development strategy.