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Makino Strengthens Presence In Vietnam With New Technology Centre

Makino Strengthens Presence In Vietnam With New Technology Centre

Machine tools and solutions provider Makino recently opened its Ho Chi Minh City Technology Centre in Vietnam. Located in the Saigon High Tech Park over an area of 4,700 square metres, the two-storey technology centre houses a showroom, training facility, parts centre and offices.

Neo Eng Chong, CEO and President of Makino Asia, said, “Opening the Makino Vietnam Technology Centre supports Makino’s strategy and our commitment to strengthen our support to customers, both before and after sales,  and share our expertise to the precision engineering industry with turnkey solutions and technology knowledge transfer.”

The Makino Vietnam Technical Centre boasts machines with high-speed milling and EDM applications to bring technology closer to customers in Vietnam. The new centre will support technology and knowledge transfer, training facility, local service support and application engineering solution.

Nguyen Thanh Hoa, Country Manager of Makino Vietnam, said, “Makino’s pride is always on quality and service, to provide a holistic customer experience to all customers. The Makino Vietnam Technical Centre serves to demonstrate the latest machining technology and solutions from Makino, as well as from our technology partners.  Customers will benefit from our one-stop solution for every size and industry.”

 

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US Imposes 456 Percent Tariffs On Vietnam Steel

US Imposes 456 Percent Tariffs On Vietnam Steel

The US Department Of Commerce has imposed a tariff of up to 456 percent on steel products that are imported from Vietnam, which are manufactured using materials from South Korea and Taiwan. These steel products from South Korea or Taiwan are shipped to Vietnam for minor processing before being exported to US.

Vietnam has benefited from the US-China trade war as companies are shifting production to the country and rerouting goods to Vietnam to avoid tariffs. In fact, Vietnam exports to US has increased over 30 percent in the first five months of 2019 and US is the largest export market for Vietnam.

In light of this, Vietnam’s foreign ministry has urged Vietnamese manufacturers to use domestically sourced materials or materials manufactured in countries where no tariffs are imposed.

 

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MTA Vietnam 2019 Opens New Opportunities For Precision Engineering And Manufacturing Sector In The Industrial Revolution 4.0

MTA Vietnam 2019 Opens New Opportunities For Precision Engineering And Manufacturing Sector In The Industrial Revolution 4.0

Vietnam mechanical industry is predicted to be a potential sector to catch up with the sustainable development of worldwide industry in the fourth industrial revolution. Being along with this industry through years, MTA is supposed to be the Vietnam premier trade event for Precision Engineering, Machine tools and Metalworking. The exhibition is held on July 2nd – 5th, 2019 at Saigon Exhibition and Convention Center (SECC), promised to display a strong line-up of cutting-edge products together with different interesting additional activities.

Vietnam Mechanical Industry Are Gradually Affirming Its Position In Industrial Revolution 4.0

As Vietnam powers past the first half of 2019, its growth remains stable within the context of slowing global economic growth faced with increasing challenges, contentions and risks. At the end of 1Q19, Vietnam’s GDP growth reached a commendable 6.8 percent, with the industrial and construction sectors contribution at 8.6 percent – the highest rate amongst all key Vietnam industry sectors. The industrial sector looks set to lead GDP growth over the near term as Vietnam has maintained her appeal for foreign direct investment in the manufacturing and industrial sectors.

While the world is progressing to the fourth industrial revolution, manufacturing level of Vietnam industry is still at the first stages and limited by new technologies, information, skill and infrastructure. However, if the enterprises know how to take the advantages of opportunities and are facilitated to develop, Vietnam mechanical industry is predicted to be a potential sector to catch up with the sustainable development of worldwide industry in the fourth industrial revolution. Besides, mechanical enterprises should actively renovate their technologies and collaborate with different partners to maximise the efficiency in working. With strong supporting and beneficial policies from the government and associations, the new industrial era would be easier to reach.

MTA Vietnam 2019 – Catching Up With Worldwide Industrial Innovation

MTA Vietnam makes it return as 17th edition and has asserted its position for the last 16 years as the premier precision engineering, machine tools and metalworking exhibition in Vietnam which meets the innovative demands of global tendency. With exhibition area is expanded to Hall A3 and reaches 13,900sqm, the event will showcase a number of industrial products serve for precision engineering, machine tools and metalworking industry provided by different suppliers from around the world. This year’s event attracted more than 514 exhibitors from 22 nations and regions with popular labels such as: Amada, Beijing Jingdiao, Bystronic, Cybertech, Dine Vina, Hypertherm, Hwacheon, Jinan Bodor, Knuth, Mazak, Marposs, Mitsubishi, Muratec, Nikon, Shandong Leiming, Sandvik, Sodick, Renishaw, Takamaz, Trumpf, Van Su Loi, Viet Vu, VPIC Viet Phap, Yamada,… and many others.

MTA Vietnam 2019 honourably welcomes 14 international group pavilions from countries with strong technological development such as: United Kingdom, Taiwan (3), Germany (2), Korea (5), Japan, Singapore and Thailand. Taiwan group pavilion has the biggest exhibition area with over 60 exhibitors attend. Korea is the nation that attracted the most associations with five international group pavilions include more than 50 companies to come and promote their products. Besides, United Kingdom is a brand new international group pavilion which is established for the first time in Vietnam, with supporting from Engineering Industries Association (EIA).

A place to exchange knowledge about science and technology

Technical seminars and conferences are alongside activities which attracted a plenty of visitors at MTA Vietnam. With the topic entitled: “New trends of metal forming technology”, technical seminar is hosted by the organiser: Informa Markets Vietnam and prestigious speakers from top-rated businesses such as: Dr. Ngo Cong Truong, Founder and Professional Director, John&Partners JSC; Mr. Pham Duc Hiep, Sales Manager, Trumpf Vietnam Co., Ltd; Mr. Garry Chuang, Sales General Manager, Bystronic; Mr. Hoang Minh Dong, Manager, Amada Vietnam Co., Ltd and Mr. Naoya Ogawa, Area Manager of ASEAN and Oceania, Murata Machinery Ltd.

Multi Engineering Solution Laboratory – MES LAB has continually accompanied with the seminar series at MTA Vietnam and brings the topic titled: “PRODUCT DESIGN & DEVELOPMENT – PROCESS AND TECHNIQUES TO IMPLEMENT FOR R&D AND INNOVATION TEAM”, conducted by Dr. Tran Anh Tuan (CEO MES LAB) and MES LAB Team. The program is hoped to bring interesting sharings about product design & development process by new technology.

Experiencing our industry 4.0 introducing booth called: “We are Industry 4.0 ready!”

This booth is opened with the aim to introduce products reach industrial 4.0 standard from the exhibitors. With the criterion: “Nine pillars of Technological Advancement that forms the basis for Industry 4.0”: Big Data and Analytics, Autonomous Robots, Simulation, Horizontal and Vertical System Integration, The Industrial Internet of Things, Cybersecurity, The Cloud, Additive Manufacturing, Augmented Reality (Source: Boston Consulting Group 9/4/2015), the products which have one of above standards will be displayed at this special booth. Through short videos and introduction, this is supposed to be a chance for the exhibitors to approach visitors more effectively.

This special booth welcomes 22 popular brands such as: 3D Smart, Amada, Bejing Jingdiao, Cybertech, Kita Sensor, Mazak, Nam Sơn, Nikon, Siemens, Trumpf, Woosung, ZWSOFT,… and many others to attend and showcase their products.

Click here to see show photos taken by the APMEN Team.

 

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Schaeffler Expands Product Portfolio With New Manufacturing Plant In Vietnam

Schaeffler Expands Product Portfolio With New Manufacturing Plant In Vietnam

Products manufactured in the plant will be supplied to customers across a wide range of industry sectors including agriculture, construction and mining, power transmission, food processing, textile, paper, steel, cement and two-wheelers (motorcycles).

Schaeffler has unveiled its new Greenfield manufacturing facility at Bien Hoa City in Dong Nai province of Vietnam. Standing on an area of 25,000sqm, the company has invested more than 45 million euros in building this modern facility. This new plant will create 300 additional jobs in the Dong Nai province. The opening ceremony held on 9 May 2019 was officiated by H.E. Dinh Quoc Thai, Chairman, Dong Nai Province People’s Committee; Georg F.W. Schaeffler, shareholder and Chairman of Schaeffler Group; and H.E. Andreas Siegel, German Consul General.

Confidence In Vietnam’s Potential As An Efficient Production Hub

“There are many reasons for our continued commitment to Vietnam. Its strategic location in Asia, a well-diversified, stable and fast-growing economy with talented, well-educated, ambitious population are just few among them,” said Mr. Schaeffler.

He also expressed confidence that Asia Pacific will be one of the future growth engine of the economy and as part of the company’s global strategy, the new plant will be able to meet the increasing demand from customers in growing industries in the region. “We see tremendous potential to apply our broad technological know-hows in the emerging markets,” added Mr. Schaeffler.

Helmut Bode, CEO Schaeffler Asia Pacific, said this is the second major investment by Schaeffler to expand local manufacturing capacity in Asia Pacific. The first plant is in Thailand for automotive products, which was opened in 2016. “We continue to grow our engineering competency and production footprint with the aim to deliver highest value from our products and solutions to customers in the region and around the world. Today we are proud to celebrate the opening of this state-of-the-art facility for industrial products in Vietnam,” commented Mr Bode.

Industry 4.0 To Optimise Manufacturing Process

Equipped with advanced production machinery and technologies, the new plant is the first in Southeast Asia to apply the latest Industry 4.0 solutions developed by the company. The plant features the use of SmartCheck – a condition monitoring device or smart sensor, and there are 70 of such devices installed at key positions in the plant. These devices monitors condition of machines and detects rolling bearing damage, imbalances and misalignments, hence reducing downtime and maximising machine lifetime.

Furthermore, the manufacturing facility is the first in Asia Pacific to focus solely on industrial applications. With the growth of the global industrial business and given its wide range of applications, Schaeffler is taking this opportunity to expand its local product portfolio. The plant will not only increase production capacity of existing product ranges of industrial bearings and components such as the Tapered Roller Bearings (TRB) and Radial Insert Ball Bearings (RIBB).

New product lines including an extended range of RIBB and the company’s flagship product – the Needle Roller Bearings (NRB) will be added as well. Products manufactured in Vietnam will be distributed globally, across various industrial sectors including, agriculture, food processing, power transmission and two-wheelers (motorcycles).

“The expansion of local manufacturing capacity demonstrates our confidence in Vietnam as an ideal production hub in the Asia Pacific region to serve regional and global customers with best-in-class bearing products and systems,” said Martin Schreiber, President Industrial at Schaeffler Asia Pacific during the ceremony.

 

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Vietnam Supports Domestic Automotive Manufacturing

Vietnam Supports Domestic Automotive Manufacturing

Vietnam Prime Minister Nguyen Xuan Phuc emphasised that development of the domestic automobile industry is necessary to achieve a self-reliant economy, during a meeting to discuss development of the country’s automotive sector. PM Phuc states that the government aims to increase localisation rate in automotive manufacturing and apply modern technologies during manufacturing processes as the industry moves towards the Fourth Industrial Revolution.

Currently, more than 90 percent of car accessories and parts are supplied by foreign companies. The low localisation ratio and tax policies have resulted in high car prices which have hindered the development of the automotive industry. However, given the increase in income demographic and infrastructural improvements, the demand for cars are expected to rise. In fact, the automobile market is predicted to grow by 10 percent in 2019.

As such, the government will continue to revise institutional framework and work on favourable, long-term policies for automobile manufacturers and enable more local enterprises to participate in the automobile production chain.

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US’s Key Tronic And UAC To Invest In Projects Worth US$240 Million In Vietnam

US’s Key Tronic And UAC To Invest In Projects Worth US$240 million In Vietnam

US firms, Key Tronic and Universal Alloy Corporation Asia Private Limited (UAC group) are expected to invest a combined US$240 million in the central city of Da Nang.

Key Tronic, a provider of Electronic Manufacturing Service (EMS) has been granted a license to establish a 86,000 square-foot manufacturing facility worth US$70 million in Hoa Khanh Industrial Park in Da Nang. The factory is scheduled to begin operations by July 2019 and is expected to produce 100 million car lights to be exported each year.

“We expect that commencing operations in Vietnam will significantly augment our Asian footprint and reduce production costs,” said Craig Gates, president and CEO of Key Tronic. “By further diversifying our global manufacturing, we also believe it provides an additional hedge against uncertainty in a lingering or future trade war with China.”

While UAC, a manufacturer of aircraft components, has also invested in a US$170 million project to manufacture aircraft components at Da Nang’s high-tech park. The facility will produce 4,000 of five million parts for Rolls Royce engines and bodies of Boeing 787, 777 and 737 aircrafts which will be exported to North America, EU and Malaysia. UAC aims at exports of US$25 million in 2021, US$85 million in 2022 and US$180 million by 2026. The company also aims to collaborate with technical colleges in Da Nang to develop the aerospace industry. Furthermore, it plans to recruit 1,200 skilled workers in mechanics, electronics and automation as well as 2,000 employees to develop a production chain in supporting industries.

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Vietnam Could Be The Next Strategic Production Centre For Hyundai

Vietnam Could Be The Next Strategic Production Centre For Hyundai

Deputy Prime Minister Trinh Dinh Dung hope that South Korea’s Hyundai group would consider Vietnam as a strategic production centre and raise the rate of locally made components in its automobiles to at least 40 percent.

Hyundai has been investing in Vietnam’s automobile industry over the years, maintaining business relations with Truong Hai and Thanh Cong groups to manufacture, assemble and distribute automobile vehicles in Vietnam. The government hopes that Hyundai will continue to cooperate and transfer technologies and management skills to its Vietnam partners. During the meeting with Deputy PM Dung, Hyundai’s Vice President, Jin Haeng has also reassured that the company plans to invest, transfer technologies and contribute to the development of Vietnam’s automotive manufacturing.

Developing the automotive industry is a core part of Vietnam’s modernisation and industrialisation strategy which focuses on producing made-in Vietnam cars for the local market. Other major automobile manufacturers can take advantage of Vietnam’s global integration, competitive input cost and large domestic market to dive further into the global value chain ladder.

For sustainable development of the automotive industry, new policies that are consistent, transparent, forecastable and fair would have to be drafted. Deputy PM Dung affirmed that the Vietnamese government remains committed to creating optimal conditions to support local and foreign investors to expand investments and business activities in the country.

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Foxconn Considers Operation In Vietnam Amidst US-China Trade Tensions

Foxconn Considers Operation In Vietnam Amidst US-China Trade Tensions

Taiwan’s Foxconn technology group, the world’s biggest electronics contract manufacturer and a key Apple supplier has recently acquired the right to use a property in an industrial park in northern Vietnam. The company is reportedly considering setting up an iPhone manufacturing facility in Vietnam to mitigate the negative impacts of the ongoing US-China trade war.

Vietnam would serve as an additional production base to shelter operations from the trade tension and is one of the preferred locations as compared to India. According to Le Dang Doanh, the former economic adviser of the Vietnamese government, Vietnam has joined multiple trade pacts including the recently-ratified Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) which would allow iPhones to be exported to many member countries with lower tariffs. Following an investment of US$5 billion in Vietnam in 2007, Foxconn could leverage on its existing operations in Vietnam to continue expansion of investments in the country.

However, Vietnam has a low number of supporting business and lower credit ratings as compared to India. Although high iPhone import tariffs due to the ‘Make in India’ policy might deter Foxconn from India, greater labour and English skills could make India a prime location as well.

Taiwanese companies have invested estimated US$31 billion in more than 2,530 projects in Vietnam, making them one of the top 10 investors of Vietnam.

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Private Enterprises To Form Backbone Of Vietnam’s Global Growth

Private Enterprises To Form Backbone Of Vietnam’s Global Growth

According to Vu Tien Loc, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI), private conglomerates hold the key to Vietnam’s successful global integration and they currently account for 40 percent of the GDP and employ a major proportion of the workforce. And he believes that these players would ultimately  hold a flagship role in the economy and be the pioneers in the Fourth Industrial Revolution.

In fact, since 2018, investments from private conglomerates have prospered and this can be seen in the case of Vingroup and its investments in automobile and supporting industries and the Truong Hai Auto Corporation and its investments in the automobile and spare parts sector. Additionally, through the economic movement that private conglomerates generate, positive spillover effects for small and medium enterprises can be witnessed and this in turn creates a positive impact on the local economy.

According to Loc, although nearly 98 percent of Vietnamese enterprises are of small and medium size, but it is through the creative application of technologies and adoption of e-commerce that these companies are able to contribute to Vietnam’s trade turnover of USD 450 billion. And moving forward, it is important for there to be a stronger development between the country’s large conglomerates and small and medium enterprises through measures such as administrative reforms, regulatory changes and enforcement of legal rights.

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Vietnam Attracts Novel Investment Streams

Vietnam Attracts Novel Investment Streams

Vietnam is beginning to experience an increase of non-equity modes (NEMs) of investment, which are also known as cross-border investments without capital contribution, and the country could soon be looking into policy reformations to advance this revenue stream.

According to Nguyen Mai, chairman of the Vietnam Association of Foreign Invested Enterprises, this growth can be attributed to transnational corporations (TNCs) seeking entry into potential markets without having to make commitments towards capital contributions. As it is only through NEMs that companies are able to regulate the activities of all supply chains, and this leads to the creation of opportunities for producers and domestic suppliers in joining global chains.

Furthermore, NEMs have been implemented in many countries that are seeking higher value added investments instead of investment flows that are associated with lower end products. In Vietnam, several firms have taken the initiative in approaching and implementing NEMs as in the case of VinFast which has cooperated with foreign companies such as BMW, Siemens AG, Robert Bosch GmbH, Magna Steyr, Pininfarina and Aapico Hitech, to manufacture its own cars.

And according to Mai, NEMs generate bigger benefits to receiving countries because the new forms of investment enables producers in these countries to integrate into the global value chain. And it is due to reasons such as these that Vietnam’s new-generation FDI attraction strategy, which has been drafted jointly by the World Bank, the International Financial Corporation and the Ministry of Planning and Investment, has underscored an emphasis on attracting NEMs.  Also, according to drafts from Vietnam’s FDI attraction strategy, concerns over direct investments and NEMs eliminating eachother seems to be unfounded at the moment as it seems that TNCs will participate in the receiving markets through NEMs first before deciding to purchase equity through the foundation of subsidiaries or venture companies at a later time.

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