Exhibition on mechanical engineering industry returns to Hanoi
The ninth International Precision Engineering, Machine Tools and Metalworking Exhibition & Conference (MTA HANOI 2023) opened in Hanoi on October 11, expecting to draw over 5,000 visitors.
MTA HANOI 2023 gathers over 140 exhibitors from more than 17 countries and territories. (Photo: VNA)
Hanoi (VNA) - The ninth InternationalPrecision Engineering, Machine Tools and Metalworking Exhibition &Conference (MTA HANOI 2023) opened in Hanoi on October 11,expecting to draw over 5,000 visitors.
This year's exhibition gathers over 140exhibitors from more than 17 countries and territories, including the US,France, Germany, Italy, Switzerland, the Netherlands, Belgium, Japan, theRepublic of Korea, Australia, Singapore, China, Hong Kong (China), Taiwan(China), Thailand, India, and various domestic exhibitors.
It also brings together thousands of advancedtechnologies and solutions to meet the investment needs in equipment andmachinery, thereby promoting increased productivity in industrial zones inHanoi and neighbouring provinces such as Bac Ninh, Vinh Phuc, Ha Nam, Hung Yen,Hai Duong, Ninh Binh, Phu Tho, Hai Phong, Quang Ninh, and many other areas.
Notably, it attracted the presence of leadinginternational enterprises majoring in various fields such as automationtechnology, cutting and machining tools, factory equipment/auxiliary andsupport equipment, material storage and processing, measurement and testingtechnology, metal cutting machines, sheet metal forming machines, prototypingsystems and software, surface and heat treatment, welding technology, andothers.
Data from the General Statistics Office showedthat in the first quarter, the export-import turnover of machinery, equipment,tools, and other spare parts hit 19 billion USD. The US was the major marketwith nearly 4 billion USD, followed by the EU with 1.46 billion USD, China 701million USD, and Japan 663 million USD.
Last year, the precision mechanical industryexperienced a 18% growth, attracting the attention of many domestic and foreignbusinesses. It is worth noting that Vietnamese firms only produce 8.5% ofmolds, with the rest being imported. Therefore, the mജold demand for plastics,mechanics, machine parts, and components to improve product quality issubstan🐠tial./.
Domestic mechanical engineering enterprises should strengthen cooperation to improve competitiveness and gain more market share, industry experts have suggested.
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.
The 19th edition of MTA Vietnam 2023, an international exhibition and conference on precision engineering and manufacturing, will return from July 4-7 in Ho Chi Minh City, with 320 exhibitors from 13 countries and territories taking part.
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The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
MTA HANOI 2023 gathers over 140 exhibitors from more than 17 countries and territories. (Photo: VNA) 
