Vietnam is one of the few countries maintaining an annual economic growth rate of around six percent and this growth has been the momentum for modernising its mineral sector.
Mining Vietnam 2016 attracted 171 businesses from 22 countries and territories around the world (Source: VNA)
Hanoi (VNA)♚ – Vietnam is one of the few countries maintaining an annual economic growth rate of around six percent and this growth has been the momentum for modernising its mineral sector, BT Tee, deputy head of the representative office of Singapore Exhibition Services, said.
Tee, who is also a member of the United Kingdom’s All World Exhibition Alliance, told the conference on improving safety in mining processes in Vietnam by improving technologies at the Mining Vietnam 2016 held in Hanoi on March 29, that the mineral sector has played an important role and is actively contributing to the economy.
“Basically, the sector has met with demand of materials, coal and metals for several other industries such as thermo-power plants, cement, chemical and iron,” he added.
Last year, the mineral sector produced around 40,000 tonnes of coals, 109,000 tonnes of iron ore and hundreds of tonnes of other ores such as copper and tin.
“We expect that the exhibition this year which showcases modern and advanced machines, technologies for the coal sector in particular and construction sector in general, as well as experiences from international exhibitors would bring good results for businesses," he said.
Sherwin Morgan, manager technical solutions of Outobec Southeast Asia Pacific, said in the current tough mining environment with lower commodity prices, improving operational profitability while maintaining good health and safety standards have been key factors in attracting investment. The efficiency of the installed process equipment plays a crucial role and inferior process equipment could pose a risk to both staff and operating margins.
“Mining operations facing these challenges usually need to invest in new equipment and to modernise their existing equipment,” he said.
Experts also updated new trends to improve productivity and maintaining competitiveness of local industry to take opportunities of the country’s deeper international integration.
Mining Vietnam 2016 attracted 171 businesses from 22 countries and territories in the world.-VNA
Following the successful inaugural event in 2012, the 2nd International Mining and Minerals Recovery Exhibition and Conference (Mining Vietnam 2014) will be held from March 11-13 at the International Centre for Exhibition in Hanoi, a weekly magazine of the Vietnam Chamber of Commerce and Industry reported on February 18.
The 3rd International Mining and Minerals Recovery Exhibition and Conference (Mining Vietnam 2016) will be held from March 29-31 in Hanoi, heard a press conference on March 16.
Vietnam will develop a technologically-advanced coal mining industry with high competitiveness moving towards sustainability in the next five years to contribute to ensuring energy security.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
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Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
Mining Vietnam 2016 attracted 171 businesses from 22 countries and territories around the world (Source: VNA)
