Want to be in the loop?
subscribe to
our notification
Business News
VIETNAM MANUFACTURING EXPO (VME) 2017: STEPPING INTO “MODERN” MANUFACTURING INTELLIGENCE
Manufacturing issues have only grown more complex, manufacturers now find themselves under pressure for more rapid change to optimize costs, quality and efficiency. "Vietnam Manufacturing Expo (VME) 2017" will come back as its 9th edition from 26 - 28 April, 2017 at Hanoi International Center For Exhibition (I.C.E., Hanoi) and focus on the “manufacturing intelligence” to serve current call.
“Vietnam Manufacturing Expo (VME) 2017” which is organized by Reed Tradex Co., Ltd. will continue its support to Vietnam’s manufacturing industry and set up the mission to bring Vietnam’s manufacturers step into “modern” manufacturing intelligence by rich contents of metrology and assembly automation. The organizer – Reed Tradex Co. Ltd. believe that the ability to increase productivity in the manufacturing facilities and a higher quality end product are the on-time answers toward the increasing needs of market about product's precision.
Ms. Kasinee Phantteeranurak, Project Manager of Reed Tradex Co. Ltd. Shared: “In the next few decades, about 56% of all salaried workers in Cambodia, Indonesia, the Philippines, Thailand, and Vietnam could be displaced by automation and advanced technologies. That’s the conclusion of an extensive series of new studies by the International Labour Organization (ILO). With labour costs rapidly rising across Asia, manufacturers are facing the same challenges that their counterparts in Europe and North America faced around fifty years ago. As a result of this shift, automation is going to become increasingly important for the industry”.
“Investing in capital is not a short-term plan and doesn’t happen overnight, especially for the emerging economic like Vietnam. Typically, the initial cost of an industrial robot (including systems engineering costs) is approximately $250,000. The scale of investment is simply too large for most manufacturers who do not see the value in the current market climate and many of these organisations simply add more people to the work force”, Ms. Kasinee added.
There is another citation from Mr. Rene De Kok, ScanCom's Commercial Director, that “As a company, we cannot see much how increasing the workforce is a viable solution to the longer term challenges facing the industry. Increasingly adept with the technology, particularly in terms of correctly calibrating the equipment, and when the machinery is at an optimum level of operation the increases in productivity and quality can be enormous”.
Mr. Tran Thanh Thuy, former Deputy Head of the Electronics, Informatics and Automation Research Institute, said recently: "Vietnamese scientists have had significant achievements related to automation, robotic and intelligence control. However, available infrastructure remains outdated and the market is still small, making production costs too expensive".
Indeed, mass-scale displacement won’t happen overnight, but it’s already in the works. Ms. Kasinee Phantteeranurak shared: “Sometimes the way to save money is to invest more, it’s not just about spending money, but also the upgrading or adding some suitable corrections of technology to current production system. Investing in equipment and technology that makes the manufacturing process faster can actually lower the production costs in the long run. It's time for manufacturers in Vietnam to step up into “modern” manufacturing intelligence.”
The quest for enhanced productivity, increased quality of goods and cost optimization in the integration tendency will be unveiled at “Vietnam Manufacturing Expo (VME) 2017”. It's not only the presence of the leading brands in metrology and assembly automation, but also experts in the industry, always be ready to share technical experience and technology's knowledge to the entire visitor. Typically, at the event, there will be the participant of leading metrology providers such as Hexagon, Nikon, Scantech, Wenzel, MAT; and also experts in automation industry such as Misumi, Keyence, Tsubaki, Ulvac, etc.
Three days of the exhibition will be opened widely from 26 – 28 April, 2017 at Hanoi International Center For Exhibition (I.C.E., Hanoi) to welcome the entire local and foreign industrialists, and also comes along with business match making program in which the participants no need to be charged any fee, it’s in term of the concept to deliver the highest opportunity between investors and manufacturers/ suppliers.
More information is available at: http://www.vietnammanufacturingexpo.com
Source: VCCI
Related News
VIETNAM TO STRENGTHEN CARBON CREDIT MANAGEMENT
Prime Minister Pham Minh Chinh has urged ministries to work with relevant agencies to reach deals with international partners to develop a carbon credit market, reduce greenhouse gas (GHG) emissions, allocate emission quotas, and create green financial resources for Vietnam.
BUSINESS CONCERNS APPARENT ON LAND LAW
At a meeting in mid-April, Deputy Prime Minister Tran Hong Ha asked the Ministry of Natural Resources and Environment to continue clarifying issues with different opinions on the scope, subjects, and implementation policies of the law, while speeding up the online processing of administrative procedures related to land.
MPI TO AMEND DECREE 35 ON THE IMPLEMENTATION OF PPP REGULATIONS
Deputy Prime Minister Tran Hong Ha has permitted the Ministry of Planning and Investment (MPI) to draft amendments and supplements to Decree No.35/2021/ND-CP, which provide guidance for the implementation of the Law on Public-Private Partnership Investment.
BA RIA-VUNG TAU PROVINCE RANKS FIRST IN FOREIGN INVESTMENT CAPITAL
Statistics published by the Foreign Investment Agency under the Ministry of Planning and Investment showed that between January and April, Ba Ria-Vung Tau lured $1.52 billion in overseas funding, equalling 16.4 per cent of the total foreign investment in the whole country.
INFOGRAPHIC SOCIAL-ECONOMIC SITUATION IN THE APRIL AND FOUR MONTHS OF 2024
The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.
TEXTILE AND GARMENT BUSINESSES FACE DIFFICULTIES DUE TO LACK OF DOMESTIC SUPPLY
Infrastructure for weaving, dyeing and fabric production is still limited, and there is no spatial planning for development and centralised wastewater treatment, said Nguyễn Thị Tuyết Mai, Deputy General Secretary of the Việt Nam Textile and Apparel Association (Vitas).