Vietnam is the NO. 1 investment Destination

Vietnam is located at the heart of ASEAN countries with stabilized political condition. The government proactively fosters all kinds of constructions. Vietnam also has the highest economic growth rate within ASEAN countries with GDP has been increase 7.5%/ Year

Free trade in ASEAN countries makes ASEAN the best region for exporting activities and has been joined WTO, APEC, BTA with US…

Vietnam is potential Machinery & Equipment Market

Vietnam's current mechanical equipment and technology used in the manufacturing sector 90% of the present backward, most of Vietnam's machinery and equipment introduced from abroad a few decades ago, the model complex, uneven, outdated, and need to be replaced. Compared with the world level, Vietnam, the mechanization of industrial production figure of only 50%. In recent years, technology and equipment imported from abroad, Vietnam’s technologies are estimated to be 30-40 years behind the regional level and more than 50-60 years behind developed countries. This means that in order to boost the productivity of the industry, Vietnam must import more sophisticated equipment, as it's not able to produce high-value machinery domestically. Vietnamese government recently proposed industrial development strategy, plans to invest 26 billion U.S. dollars to introduce advanced foreign machinery and equipment and technology to enhance domestic productivity.

For these reasons the Vietnamese Government has set up the Key Mechanical Industry Development Program to 2010 with a vision towards 2020 being as the Industrialization Economic(Basic). According to the program the industry should meet about 50 per cent of domestic demand for mechanical products The program aims to have the industry focus on eight types of machinery, including motive power engines, tractors, agricultural equipment, mechanical tools, construction engineering, ship engineering, automobile engineering and electrical equipment.

Recently, The poor quality of the machinery industry have its most immediate effects on all the other industry sectors from China(the biggest Import market of Vietnam) that to make Vietnamese( Government)to be carefull when import any products from China. Many more, the relationship between Vietnam and China has been bad recently therefore This is big chances for high quanlity products from Germany & European companies.

For Organizer with  strong support from initial contact to postshow follow up with many Marketing services and some business support after that will be meet Exhibitors’ need. Hallo Agency is proud of being as bridge for high quality Machinery from Germany & European companies with Vietnam market.

To download the Vietnam Market Analysis, please click here.