Metalworking + Industrial Automation & Components 2012

Vietnam, a promising country of 84 million people, has becomes a magnet for the foreign investors and becomes the second fast growing market in Asia. It gained a high GDP growth rate of 8.5% in 2007 according to the Ministry of Planning and Investment. Apart from this remarkable figure, Vietnamese manufacturing sectors and exports have gradually reached better figures of 15% and 25% per year respectively.

Development of Industry Zones (IZ’s) is one of the key instruments for accelerating industrialization and modernization as well as transforming the economic structure of Ho Chi Ming City in particular. As the result, high-tech manufacturing and high-value services, state-owned factories, auto-parts manufacturing plants particularly are willing to invest in newly developed machinery and technologies. This is why one realized that over 3 billion US dollars of machinery and equipment purchase has been spent annually, and is expected to be doubled in next few years.