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It is forecast that higher-quality FDI will pour into Vietnam in the near future, mostly in clean energy, hi-tech agriculture and mechanical engineering.

Domestic mechanical engineering enterprises should strengthen cooperation to improve competitiveness and gain more market share, industry experts have suggested.

The construction of the Nam Thuan Industrial Zone (IZ), worth over 5.3 trillion VND (230 million USD), began in the southern province of Long An on April 21.

The Ho Chi Minh City University of Technology (HCMUT)’s Faculty of Mechanical Engineering under the Vietnam National University, HCM City (VNUHCM) has earned the Agency for Quality Assurance (AQAS)'s accreditation for three more of its training programmes.

Vietnam and Slovenia boast high potential of cooperation in manufacturing agro-forestry-fisheries machineries and equipment – an area of Slovenia’s strength and Vietnam’s demand, said Vu Ba Phu, head of the Trade Promotion Agency under the Ministry of Industry and Trade, at a recent online Vietnam-Slovenia business exchange.

After suffering a significant fall in revenue last year, the mechanical engineering industry has high hopes for recovery in 2021, given Vietnam’s good COVID-19 control and participation in free trade agreements.

Vietnam needs to increase policies to promote the development of the domestic mechanical engineering industry and enable local manufacturers to compete with foreign competitors.

Vietnam needs policies to promote mechanical engineering in agriculture to increase added value and quality for the farming sector, experts have said.

Prime Minister Nguyen Xuan Phuc has requested ministries, localities and businesses strengthen cooperation to develop agricultural mechanisation and processing of agricultural products.

TechDemo 2019 has taken place in the Central Highlands province of Gia Lai.

The fourth Industrial Revolution’s technologies help improve manufacturing efficiency and competitiveness, but not many firms, with their limited resources, can afford them, experts have said.

The 7th International Precision Engineering, Machine Tools and Metalworking Exhibition & Conference (MTA Hanoi 2019), themed “We are Industry 4.0 ready!”, opened at the International Centre of Exhibition in Hanoi on October 16.

PTSC M&C has affirmed its position as one of the leading companies in engineering, procurement, construction and installation contractors over the past decade.

Prime Minister Nguyen Xuan Phuc emphasized the need to facilitate the development of the mechanical engineering industry while addressing a conference in Hanoi on September 24.

The 7th International Precision Engineering, Machine Tools and Metalworking Exhibition & Conference (MTA HANOI 2019) will return to the capital city next month, aiming to assist with the development of the mechanical engineering sector in the north.

Vietnamese firms in the mechanical engineering outsourcing sector have low competitiveness when joining global supply chains largely due to their small scale, technological shortages, and low productivity.

The mechanical engineering industry needs supportive policies from the Government to enhance its competitiveness during the fourth industrial revolution, officials and industry experts have said.

Vietnam needs to adjust its development strategy for the mechanical engineering industry to ensure it develops sustainably.

Universities have launched new majors to meet the demands of digital transformation in the 4.0 industry era.

A huge influx of foreign direct investment (FDI) is making its way into the fields of mechanical engineering, and manufacturing and processing, which are expected to fuel the supporting industry in the coming years if Vietnam issues effective policies, industry insiders have said.