By Orietta Qi

Frbiz.com, one of China's leading B2B search platforms, reports China?s machinery products in the Vietnam market have great potential.

Vietnam current mechanical and technology used in the manufacturing sector, 90 percent equipments have displayed backward, most of Vietnam's machinery and equipment introduced from abroad for few decades ago, the model complex, outdated, and all need to be replaced.

Compared with the world level, Vietnam?s mechanization of industrial production figure is only 50 percent. In recent years, although the imported equipments from abroad were second and third level high-tech but some have been behind 15-20 years, among them 38 percent of the devices are out of the date. Vietnamese government recently proposed industrial development strategy, they plans to invest 26 billion U.S. dollars to introduce advanced foreign machinery and technology to enhance domestic productivity.

China's machinery products because of good quality and low price are popular in Vietnam. In the next few years, the Vietnamese machinery market development prospect is considerable. It is expected that in 2003- 2010 years, Vietnam's average annual machinery demand is about 7 billion U.S. dollars, Vietnam's machinery industry plans to introduce foreign investment, to accelerate development. It is expected that the output growth reach 40 percent, equivalent to 2.8-3 billion dollars in 2010 year.

Vietnam is now to accelerate the process of reform, and vigorously develop industrial zones, increase infrastructure construction, which pull traditional industries and emerging industries great demand for imported machinery.

At present the Vietnam?s market, the machinery urgently needed are: engineering machinery, cement machinery, port machinery, agricultural machinery, textile machinery, numerical control machine tools, power machinery, aquatic products machinery, electrical and construction machinery, mining machinery, plastic machinery, food products and packaging machinery, petroleum and chemical machinery, rubber machinery, refrigeration machinery and equipment, sewing and garment machinery, printing machinery, electrical equipment, paper machinery, and so on.

If you are interested in these machineries you can search them on www.frbiz.com where will provide you high quality and good service.

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