Mechanical product "Made by Vietnam": Link stimulus

Struggling in difficulty

The country currently has about 25,000 mechanical enterprises, accounting for nearly 30% of the total number of processing and manufacturing enterprises. However, there are very few brands that stand out. Most of the enterprises are small-scale, have low competitiveness, have not mastered the complete core technology.

Links to form a network of industrial manufacturing enterprises

The mechanical industry alone is identified as one of the four key industries and accounts for 19.41% of the city's entire industry. Ho Chi Minh. Over the past time, the mechanical engineering industry has always achieved an average growth rate of 8% / year, accounting for over 28% in 4 key industries. Up to now, businesses have also built a number of typical brands, mechanical products, capable of participating in domestic and foreign supply chains such as: Mold engineering, high-tech engineering, machinery , equipment, spare parts ... Many of the city's mechanical products are exported, especially machinery, equipment, tools and spare parts.

Regarding consumption, the domestic market accounts for more than 57%, the foreign market accounts for about 43%. In which, high precision mold product is the strength of the local mechanical enterprises.

However, before the strong impacts of the Industrial Revolution 4.0, mechanical enterprises in general and the city. Ho Chi Minh City in particular faced many challenges. According to Mr. Pham Ngoc Tuan - Vice Chairman of City Association of Mechanical Science and Technology. In Ho Chi Minh City, the quality of mechanical products of domestic enterprises is still low, production costs are high, lack of competitiveness with imported products; there are not many large mechanical enterprises; not participating in the global supply chain.

Investment stimulus

To develop the mechanical industry at the right level, recently, the City People's Committee. Ho Chi Minh City has assigned the Department of Industry and Trade to implement a program to stimulate investment, to support interest rates for industrial enterprises, industry supporting the mechanical industry to renew machinery and equipment, expand production, improve productivity. productivity and product quality. Along with that, assigned the City Research and Development Institute. Ho Chi Minh City coordinate with relevant units to develop a strategy for the development of the city's mechanical engineering industry until 2030.

Besides, encourage businesses to connect to cooperate, produce and consume products for the domestic market. Specifically, enterprises in the industrial manufacturing and processing industries such as wood processing, foodstuff, electric cables, plastic rubber ... come together to form industrial networks, with early plans. investment, commits to use equipment, components and machines that are produced domestically, creating output for mechanical enterprises. Implementing more effectively the activities linking 4 houses: Manufacturer - home buyers - schools - state; create outputs for businesses in the association. Improve business capacity, innovate existing technology and production techniques with automation solutions, add competitiveness as well as develop potential customers for member enterprises.

To do this joint activity well, the Association of Electrical and Mechanical Enterprises in City. Ho Chi Minh City will propose the City People's Committee to have a budget support program for businesses to access technology, stimulus policies for businesses to buy "Made by Vietnam" machinery and equipment.