Measures should be taken to bolster the development of Việt Nam’s mechanical engineering industry. Despite having about 3,100 mechanical engineering companies with 53,000 production facilities, the firms account for just 7 per cent of the market, according to the Vietnam...
Prime Minister Nguyen Xuan Phuc emphasised the need to facilitate the development of the mechanical engineering industry while addressing a conference in Ha Noi on Tuesday.
The mechanical engineering industry needs supportive policies from the Government to enhance its competitiveness during the fourth industrial revolution.
Viet Nam’s mechanical engineering industry is lagging far behind the world that requires both the Government and business to renovate to keep track of the fast-moving technological revolution.
Red tape is the main hurdle to the development of the mechanical engineering industry in HCM City, businesses in the sector told city authorities at a meeting on Wednesday.
Viet Nam’s mechanical engineering industry is striving to apply advanced technology, produce high-quality products meeting international standards and join the global value chain by 2035.