The Vietnamese engineering sector has set a goal to satisfy about 40-50 per cent of local demand for its products and export 30 per cent of the total output value by 2010, said the Ministry of Industry.
In order to reach the set target, Vietnam will give priority to developing eight key engineering industries from now to 2010, which include synchronous equipment for industrial plants; shipbuilding and ship repairing; assembling and manufacturing parts and components for automobiles and carriages; dynamical machines; agricultural machines; tool machines; electric machines and technical equipments and machines to execute construction works.
The priority will be focused on assistance in the form of capital for technical services such as temporarily employing experts, buying designs and technologies, transferring technologies, and the development of supportive industries for the production of key engineering products.
The domestic engineering sector, which saw a considerable growth of over 40 per cent annually in the 1995-2005 phase, has to date grown in to a relatively developed industry of the country.
The sector now can build 53,000 DWT vessels and 13,500 DWT oil tankers. It also plans to make 100,000 and 400,000 DWT ships in the near future. Some of its enterprises can take EPC (engineering, purchasing and construction) contracts in most of the big projects, like the Dung Quat Oil Refinery and the expanded Na Duong and Uong Bi thermo power plants.
The automotive industry is presently capable of satisfying the domestic demand for buses and under five-tonne light lorries, all with locally produced parts ratio of 40 per cent. Meanwhile, motorbike assembly and production firms not only meet local need, but now export 100,000 units annually.
However, Vietnam’s engineering industry is striving to deal with some difficulties such as lack of capital for technological improvement and low competitiveness in machine-tooled manufacturing. Vietnamnet
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