Vietnam Machinery 90% Dependent on Foreign Imports of Chinese Equipment Needed to Enjoy Popularity

Online, August 26, 2013 (Newswire.com) - Vietnam Machinery 90% Dependent on Foreign Imports of Chinese Equipment Needed to Enjoy Popularity

News that Vietnam urgently need a lot of kinds of advanced machinery and equipment, while the local industry is still in its infancy, 90 percent of machinery and equipment to rely on imports from abroad. Machinery and equipment belonging to more special exhibits, with different positioning of ordinary consumer goods, are expensive durable goods manufacturing value-added. The Chinese machinery products in terms of price, quality, service and other sectors than other countries of similar products more suitable stage of development in Vietnam machinery market demand, "China Machinery" brand machinery market in Vietnam has been generally accepted in local related industries enjoy a high reputation.

And after two decades of reform and opening up China, has developed into a modern industrial country in the industrial sector has a relatively mature technology, processes and successful experience. China's machinery products has reached world advanced level of similar products, compared with Western and Japanese machinery in China has great cost performance advantage, usually to buy a Western and Japanese production of machinery and equipment price is equal to the Chinese the whole production line of similar equipment price. Vietnam machinery and technology in great demand, and the local industry is still in its infancy, can not meet the needs of social development, more than 90% dependent on foreign imports of machinery and equipment needs. Which for the majority of our machinery enterprises, it is a rare opportunity.
Therefore, we must seize this opportunity, efforts to develop the machinery industry!