Vietnam's mechanical engineering exports are recovering strongly, with a significant increase in export value since the beginning of 2024. However, the market share of domestic enterprises is still modest, requiring policy support and market connectivity for sustainable growth.
The Ministry of Industry and Trade is organizing a conference to promote the export of mechanical products, discussing solutions to overcome difficulties. The mechanical engineering sector is growing rapidly but domestic enterprises still face many limitations.
Vietnam's mechanical engineering product exports have great potential but face many challenges due to fierce competition and weak brands. Enterprises need to diversify their products and seize opportunities from markets such as the UAE and the United States.
Vietnam's mechanical engineering has great potential for exports despite facing challenges in price competition and branding. Enterprises need to seize opportunities, improve connections, focus on markets such as the US, Japan, and Russia, and invest in research and development to enhance production capacity.
Two companies, Hoa Phat and Formosa Ha Tinh, propose an anti-dumping investigation on HRC steel from China, but 9 Vietnamese steel and steel pipe companies oppose it, arguing that it will negatively affect the steel industry and the Vietnamese economy.
Two companies, Hoa Phat and Formosa Ha Tinh, propose an anti-dumping investigation on HRC steel from China, but 9 Vietnamese steel and steel pipe companies oppose it, arguing that it will negatively affect the steel industry and the Vietnamese economy.
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