The MTA 2016 opens in HCM City from July 5-8 (Source: mtavietnam.com)
HCM City (VNA) – Foreign capital inflow to Vietnam, especially to the mechanical engineering industry is expected to surge in the upcoming times.
The remark was heard at a sideline press conference of the MTA 2016, an international precision engineering, machine tools and metal working exhibition and conference, opened in southern Ho Chi Minh City on July 5.
Head of the Republic of Korea International Trade Association’s Ho Chi Minh City rep. office Ko Hyun Kim said in the first six months of this year, his country was Vietnam’s biggest investor with a total investment capital of 3.99 billion USD, accounting for more than 35 percent of the total foreign investment to Vietnam.
The RoK’s enterprises in precision engineering, machine tools and metal working have actively approached the Southeast Asian market with a series of products and advanced technologies, he added.
Head of the Japan External Trade Organisation representative office in Ho Chi Minh City Takimoto Koji said Japan is one of the countries which have high experience and technology in the area and the application of Japan’s advanced products will help to enhance the development of the supporting industry in the two countries.
Several conglomerates have invested in Vietnam in the past years, however, Japan ’s investment waves will continue to flow to the country through small and medium enterprises (SMEs).
Tran Viet Dung, Deputy Director of the Vietnam Chamber of Commerce and Industry Exhibition Service Ltd acknowledged that the mechanical engineering sector is experiencing strong growth. The fast growing economy in tandem with abundant manpower will help Vietnam attract more foreign direct investment flows.
𓆏 However, he also stressed that local enterprises in the area should take the initiative in investing in machinery and technology in order to improve productivity, competitiveness and the production chain in the industrial sector.-VNA
Foreign direct investment (FDI) worth 19.2 billion USD poured into Vietnam through October 20, a whopping rise of more than 40 percent over the same period last year.
Vietnam has a competitive edge in developing mechanical engineering, said Atsusuke Kawada, Chief Representative of the Japan External Trade Organisation (JETRO).
Industries thriving due to free trade agreements (FTAs) should seek foreign investment to develop domestic suppliers of parts or materials for manufacturing, experts said.
Foreign direct investment (FDI) worth nearly 10.16 billion USD flowed into Vietnam in the first five months of this year, an increase of 136.4 percent from the same period last year.
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The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
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.
The MTA 2016 opens in HCM City from July 5-8 (Source: mtavietnam.com)
