(+12 rating, 4 votes)Machinetool Hanoi
Nearly 80 percent of the Vietnamese population is involved in agriculture, which accounts for 30 percent of the GDP and 40 percent of the nation’s exports. In 2009 Q1, the growth rate of rice exports increases 63%. Although the demand for machinery and equipment in the industry is huge, the domestic machinery industry cannot satisfy the internal demand because (despite some skill in copying and reverse-engineering) it has proven poor in design and quality. For the most part, domestic equipment is used in small scale processing factories. Medium and larger food processing enterprises and even smaller firms producing high quality products must rely on imported machinery and equipment. The food processing sector is forecast to maintain an average annual growth rate of 10 – 15 percent for the short term.
