With the fallout of China-USA trade war, many SE Asian countries grasp opportunities to increase their shares in international trade and manufacturing. Vietnam is one of them. However, additional business is already overloading the manufacturing, operational and logistic capacity of their businesses.
ASEAN High-Performance Machining Summit 2020, host at Park Hyatt Saigon in HCMC on July 2-3, offers the chance for Vietnamese Manufacturers to upgrade their facilities with innovative machinery and technological solutions to increase their performance, output and quality and become reliable partners for international customers.
Our summit will cover areas such as intelligent machine tools and how to apply them effectively, ways of improving production lines, such as hybrid automation and full automation, die casting dies and molds, way to utilize robots to maximum as well as 4.0 connectivity systems and data processing.
Vietnam has imported over $229 million US worth of machine tools, incl. way-type unit head machines, for drilling, boring, milling, threading or tapping. That places it as the 3rd biggest importer in the world in 2018.
If you add to it Lathes (incl. turning centers, for removing metal), that amount rises to $352,5 million US worth of machinery.
Such increase in import clearly shows the takeover by Vietnamese manufacturers of the void left by China-USA slowdown. Many companies are moving their production from China to Vietnam and domestic manufacturers don't want to be give up on the extra market shares in global manufacturing.