Hanoi (VNA) – The 4th International Precision Engineering, Machine Tools and Metalworking Exhibition kicked off in Hanoi on April 26, attracting the participation of 175 enterprises from 19 countries and territories.

The businesses have brought their outstanding products, including broaching and shaping machines, preprocessing machines, precision measurement software, and sawing and cutting machines, to the exhibition.

The event not only offers a chance to boost trade connectivity among foreign companies but also helps local businesses seek potential customers, thus contributing to developing industrial production in the north of Vietnam.

Speaking at the opening ceremony, Deputy Minister of Industry and Trade Do Thang Hai affirmed that the exhibition is also a chance for domestic enterprises to approach advanced technologies in the world so as to improve their production efficiency and increase product value.

He told participants that the Vietnam mechanical development strategy for 2001-2010 with a vision to 2020 prioritises developing machinery and tool manufacturing to meet the requirements of industries.

Vietnamese mechanical companies have so far succeeded in manufacturing machines and devices to serve domestic industries, he added.

Within the framework of the exhibition, a series of seminars will take place, including a seminar themed “What Vietnamese enterprises need to prepare when TPP takes into effect”, and another on measures to increase the value for the Vietnamese manufacturing sector.

This year’s event will last until April 28. From now on, the exhibition will be held annually in stead of biennially.-VNA