With significant strides in mechanical engineering, particularly in agriculture, Vietnam is now working to increase the localisation rate in industrial production.

Domestically-produced components and mechanical products have so far met 80-90 per cent of local production needs in the motorbike industry, 15-40 per cent of the automobile industry and 40-60 per cent of the agricultural machine industry.

The Vietnamese government is being advised to formulate a new law on industrial development in order for the country to have a more proper legal network that can attract more industrial investors.

To develop the processing and manufacturing industry, the State needs to have stronger policies that focus on domestic enterprises. To have strong policies, it needs strong resources.

Vietnam became the world’s seventh largest market for robots in 2017, and the demand from companies looking to use robots to modernize production remains strong, according to speakers at a recent workshop in HCMC.

 Minister of Industry and Trade Vu Huy Hoang answered deputies’ queries on reforestation and advanced technology application in industrial production at a Q&A during the 13th National Assembly’s 10th session on November 16. 

 VietNamNet Bridge - Vietnam is considered a special case in the process of industrialization because it still lacks a cutting-edge industry after decades of development.