Emerging in Vietnam in the 1960s, the metal-casting sector has yielded outcomes in both quality and quantity.
President of the Vietnam Foundry and Metallurgy Science & Technology Association (VFMSTA) Pham Chi Cuong made the statement at the 13th Asian metal-casting conference, held in Hanoi on October 28.
According to Cuong, the support industry connects metalwork and mechanical engineering and accounts for up to 70 percent of the mechanical manufacturing’s value.
In Vietnam, the industry has yet to thoroughly compile statistics on its outputs, products, technology level and equipment use.
Cuong urged the sectors to establish a specialised document that includes detailed and precise profiles of foundries nationwide. This could open up greater business connectivity domestically while helping foreign clients seek partners in Vietnam and policymakers design relevant strategies, he noted.
Associate Professor Nguyen Huu Dung from the Hanoi University of Science and Technology (HUST)’s Institute of Materials Science and Technology said Asia holds high potential for the industry’s development. Official statistics revealed that the region makes up 50 percent of the world’s metal-casting yield.
Production in Vietnam is only adequate for domestic consumption with competition taking place inside the national boundaries. The nation targets an annual production of 2 million tonnes of metal-castings by 2020.
Moving forward, the Government expects to approve a range of foreign-invested projects that can help the local industry improve its technology and product quality.
The conference gathered 230 participants, including 130 foreign representatives from India, Japan, China, the Republic of Korea and Poland, among others.-VNA
Cheap imported steel, primarily from China, has been putting growing pressure on domestic producers, according to a recent report from the Vietnam Steel Association (VSA).
An iron and steel complex with annual an capacity of 220,000 tonnes of steel billet officially went into service in the northern mountainous of Cao Bang on October 13.
The steel industry will grow 12 percent in the next two year under the impact of the Trans-Pacific Partnership (TPP), Nguyen Minh Nhut, director of BlueScope Steel Vietnam Limited.
Since 2022, more than 500 Vietnamese startups have engaged in Google’s Startup Academy, Google for Startups Accelerator, and Google Startup Masterclass. Nearly 100 of these firms received support to develop and improve their products, benefiting more than 300,000 customers and creating over 300 new jobs through successful fundraising and team expansion amidst Vietnam’s competitive economy.
Over the past three decades, Binh Duong has cemented its status as one of Vietnam’s most dynamic industrial hubs, building a robust foundation in manufacturing, exports, and investment. The province now has 30 operational industrial parks spanning over 13,000 hectares, with an occupancy rate exceeding 90%.
The diplomat emphasised that Vietnam places the highest priority on the development of science, technology, and innovation, viewing them as critical drivers for the country’s advancement in the new development era.
The PM revealed Vietnam’s plan to develop nuclear power in the near future, and called on the Swedish side to assist Vietnam in developing and refining legal and policy frameworks for the use of nuclear energy for peaceful purposes; training and developing human resources; ensuring nuclear safety; and conducting training and drills to improve incident management capabilities.
More than an art showcase, the second “Technology with heart” contest seeks to inspire innovation and spotlight the humanistic values that technology can bring into daily life, expected to contribute to a sustainable digital future.
The average speed of the national mobile broadband network remained stable, with download speeds reaching 76.86 Mbps and upload speeds reaching 26.98 Mbps.
Under the MoU, AMD will support several key initiatives spearheaded by HCM City’s authorities, including piloting policies, co-hosting innovation events, and evaluating the investment environment within the Saigon Hi-Tech Park.
The centre is a joint initiative between Australia’s Department of Foreign Affairs and Trade and Vietnam’s Ministry of Science and Technology, with PTIT and the University of Technology Sydney (UTS) serving as co-leads, and global telecommunications giant Nokia as founding industry partner.
The new centre, staffed by a team of scientists, researchers, and AI specialists working in Hanoi and Ho Chi Minh City, forms part of Qualcomm’s global AI research group.
As a flagship initiative of the community project “Digital Literacy for All”, the programme forms part of a national scheme to equip 20 million young people with digital business skills.
The organisers hope the competition will help shape a generation of exceptional engineers who will make significant contributions to Vietnam’s scientific and technological progress in this era of transformation.
In the digital age and amidst the Fourth Industrial Revolution, IP plays an increasingly critical role, not only in safeguarding inventions but also in reducing copyright infringement and curbing piracy.
Ambassador Nguyen Minh Vu laid stress on the significance of the Hanoi Convention, particularly to the Asia – Pacific, to handling legal gaps in international cooperation against rapidly increasing global cybercrime.
The week features a rich lineup of activities, including a plenary conference on blockchain and AI development, thematic seminars on future technology trends and investment visions, applications of blockchain and AI in business, the Super Vietnam PitchFest, as well as forums for blockchain and AI.
According to the Politburo’s Resolution No. 57-NQ/TW, dated December 22, 2024, on making breakthroughs in the development of science, technology, innovation, and national digital transformation, this is considered a decisive factor in the development of nations. It is seen as a prerequisite and the best opportunity for Vietnam to become prosperous and powerful in the new era of the nation’s rise.
Vietnam’s demographic advantage, including a youthful population of 100 million in a “golden age”, further bolsters its ambitions. Its dynamic workforce, with a natural inclination toward science, technology, engineering, and math (STEM), is a key asset in attracting private investment to innovation-driven sectors.
Vietnam views sci-tech as a decisive factor in national development and a key tool for achieving sustainable development goals, and is ready to boost sci-tech cooperation with Venezuela for mutual prosperity.
The Government will always accompany companies, including CMC, and request ministries, agencies, and Hanoi authorities to further support them by promptly removing any obstacles to their growth, said Prime Minister Pham Minh Chinh.
Workers at a steel factory. (Photo: VNA)
