Vietnam’s metalcasting industry is experiencing an upward trend, according to participants in a four-day German Engineering Federation (VDMA) market exploration trip organized with the support of the Federal Ministry of Economics and the local host of AHK Vietnam, a delegation of German industry and commerce in Vietnam.
From Hanoi in the north of Vietnam to Ho Chi Minh City in the south, the sixteen participants were taken through an interesting market study on the basis of promising figures in the country.
In addition to lectures on the economic situation and developmental potential of Vietnam from local resident representatives of the AHK Vietnam, and through the German Embassy and German Trade and Invest (GTAI), the participants saw facilities demonstrating considerable differences between equipment and production of cast products there in comparison to Europe.
While some foundries haven’t been modernized since the 1975 reunification in Vietnam, others have existed for only a few years and are technically equipped to a reasonable standard with quality machines from Europe. These differences also were seen in other metal producing and processing companies.
AHK and legal consulting firms with competent German consultants were on hand to provide information such as conditions and characteristics of the country in new markets. Around sixty Vietnamese participants accepted the invitation from the AHK to meet with the visiting companies, including Otto Junker, ABP, Joest GmbH and others, and to discuss export opportunities for German and European machinery in the long term.