China National Machinery products in the Vietnamese market has great potential

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most of Vietnam's machinery and equipment introduced from abroad a few decades ago, the model complex, uneven, outdated, and need to be replaced.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, while many second and third level of high-tech, and some have been behind 15-20 years, 38% of the devices are out of the column. 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.

China's machinery products because of good quality and low price of popularity in the next few years, the Vietnamese machinery market development prospect is considerable. Vietnamese authorities concerned are expected in 2003, -2.01 thousand years, Vietnam's average annual machinery demand is about 70 billion U.S. dollars, Vietnam's machinery industry plans to introduce foreign investment, accelerate development, output growth 14-15% in mid-2005 to 2010, up 40% , equivalent to 28-30 billion dollars.

Vietnam is now to accelerate the process of reform and opening up, and vigorously develop industrial zones, increase infrastructure construction, a strong pull of traditional industries and emerging industries on imported machinery and equipment continued strong demand. At present the Vietnamese market, machinery and equipment needed are: engineering machinery and equipment, cement machinery and equipment, port machinery, agricultural machinery, textile machinery, numerical control machine tools, power machinery, aquatic products mechanical, electrical and construction machinery, mining machinery, plastic machinery, food and packaging machinery , petroleum and chemical machinery, rubber machinery, refrigeration machinery and equipment, sewing and garment machinery, printing machinery, electrical equipment, paper machinery, etc.