Press Releases
Vietnam Manufacturing Industry In A Position To Grow And Expand

Ho Chi Minh City, 24 May 2016 - The impact of the Trans Pacific Partnership (TPP) on Vietnam has already been felt on the ground even prior to its official signing, evident from the large investments received from foreign industrial manufacturers. Reported by the General Statistics Office (GSO), the Industrial Production Index (IPI) in Vietnam rose 7.9 percent on the year in April of 2016, which marked an acceleration compared to the 6.2 percent increase recorded in the previous month1, where the processing and manufacturing industry led the way with the year-on-year growth of 12.5 percent2.

Recently signed Free Trade Agreements (FTAs), the establishment of the ASEAN Economic Community (AEC) in 2015 along with the prospects for the Trans-Pacific Partnership (TPP) are likely to keep Vietnam as a promising destination for Foreign Direct Investment (FDI),
further augmenting the country’s position as a prominent manufacturing hub in Southeast Asia.

Vietnam’s manufacturing growing but there remains major challenges

Although Vietnam’s economy boasts impressive numbers, many economic experts have commented that the manufacturers based in the country have to cope with a slew of challenges in the face of increased international competition. In fact, due to the lack of capital, technical equipment and advanced technology, many small and medium enterprises have been mired in difficulties, finding it hard to compete with foreign counterparts. 

As a result, it is ever more critical for locally based manufacturers to not only invest and upgrade their industrial technologies, but also scale up the knowledge and capabilities to improve productivity, enhance competitive advantage and move up the value chain.

MTA VIETNAM2016 – Timely return to boost the industrial capabilities

Dedicated to serving the manufacturing industry and supporting its progression on the value chain, MTA VIETNAM is back for its 14th edition, making headway as the premier platform catering to the precision engineering, machine tool and metalworking industries in Vietnam and beyond. This event provides a unique opportunity for local and overseas industry professionals to converge. 

Following the success of the previous editions, this year’s event proudly hosts more than 360 homegrown and overseas manufacturing companies from 20 countries and regions as of to date, with the presence of 13 international group pavilions, showcasing a plethora of the state-of-the-art technologies and engineering solutions all under one roof. A large number of prominent international exhibitors repeated their participation along with many new-to-market companies, adding to the growing momentum of the show since its inception.

Time to experience the latest manufacturing technology all under one roof

The ongoing importance of MTA VIETNAM2016 is evident by the strong support and participation from many well-known industry suppliers and manufacturers across the high-value sectors of manufacturing. The event will feature a strong lineup of companies representing the industry value chain, such as Akyapak, DMG MORI, Ficep, Guehring, GF Machining Solutions, Goodway, Haas, Hoffmann Quality Tools, Hurco, Hwacheon, LITZ, Makino, Mazak, Mitsubishi Electric, Mitutoyo, MST, Nikon, Optical Gaging, Renishaw, Seyi, Sodick, Wenzel, Widin, YG-1 and many more.

Industry leaders such as Bystronic and Trumpf will be on hand at this year's event, to unveil their latest products and technologies relevant to metal-forming and sheet-metal cutting. In particular, Bystronic, a prominent returning exhibitor will display one of their best-of-breed products – the Xact 160/3100. The Xact pressbrake is precision high-quality bending machine, offering everything on just one touch screen: construct parts, program bending plans, and test bending processes. 

Meanwhile, Trumpf, a manufacturer of fabricating equipment will feature a new laser cutting machine as well as their best-seller product - TruLaser 1030 fiber - a cost-effective laser welding solution. The innovative machine shows its strengths in the capability to work on an extremely wide range of material types and thicknesses combined with low investment and operating costs plus easy operation.

Exhibitors positive ahead of MTA VIETNAM2016

Commenting on their participation, Mr. George Wei - Vice General Manager, Hosea Precision Co., Ltd. said “It is always good to participate in such an event to network and showcase our latest product range. At Hosea factory, we use the very best production equipment and methodologies to maintain the precision, durability and quality of our leading products - 5 Axis Rotary Tables. Regarding to MTA VIETNAM2016, we think that it is an ideal platform to meet up with potential trade partners and generate business deals. The event also represents a unique opportunity for us to build and maintain our market position in Vietnam and the region.”

Lester Lee, Regional Marketing Manager, Hypertherm Asia Pacific also expressed “This is our first time participating directly in a trade exhibition in Vietnam, and we look forward to the opportunity to connect with potential buyers, valued channel partners, and end users at MTA VIETNAM. Visitors to the show can learn about Hypertherm’s latest products and technologies, which include our patented handheld and CNC automated plasma arc cutting systems, long-life torches, and consumables. We’ll also conduct live metal cutting demonstrations to showcase the consistent, superior cut quality produced by Hypertherm’s systems.”

MTA VIETNAM2016 is set to return for its 14th edition on 5 – 8 July 2016 at Saigon Exhibition & Convention Center (SECC).

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1.http://www.tradingeconomics.com/vietnam/industrial-production
2.http://e.vnexpress.net/news/business/economy/processing-and-manufacturing-industry-records-positive-start-to-2016-3394875.html

Additional Information:
MTA VIETNAM 2016 at a glance:
• Exhibition: MTA VIETNAM 2016
• Venue: Saigon Exhibition & Convention Center (SECC)
• Address: 799 Nguyen Van Linh Parkway, Tan Phu Ward, District 7, Ho Chi Minh City 
• Date: 5 - 8 April, 2016 (Tues – Fri)
• Time: 09:00 - 17:00
• Registration: www.mtavietnam.com

ABOUT MTA VIETNAM :
MTA VIETNAM was first launched in Ho Chi Minh City in 2005 and the show has since grown to become Vietnam's most comprehensive manufacturing solutions trade event, featuring at least 70 per cent international exhibitors in all its editions. Highlighting the latest technologies, products and solutions in precision engineering, machine tools and metalworking from around the world, MTA VIETNAM connects the industry with global movers and shakers for manufacturing excellence. MTA VIETNAM is organised by Singapore Exhibition Services Pte Ltd and locally co-organised with VCCI Exhibition Service Co Ltd. 

Media contacts:
Joey Tran (Ms.)
Public Relation & Conference Executive
Singapore Exhibition Services, Vietnam Representative Office
Tel: (+84) 8 3930 7618 (Ext: 108)
Email: joeytran@vietallworld.com

 

MTA VIETNAM2016 QUICK FACTS
 11000 Sqm / Exhibition Area 416  Exhibitors | From 24 countries / regions  9969 Trade Visitors | From 24 countries/ regions13 International Group Pavilions