VDW symposium in Vietnam

The second VDW (German Machine Tool Builders’ Association) symposium in Vietnam sought to tap into the country’s recent economic acceleration.

Machine-tool consumption, an important indicator of the industry’s modernisation efforts, is forecast to grow by 8.2% in 2019. A total of 11 machine-tool manufacturers – including Alzmetall, Chiron, Gleason, Grob, Heller, Index, Kapp Niles, Röders, Siemens, Trumpf and Weisser – presented their latest innovations to around 100 representatives from Vietnamese industry.
Since 2014, German machine-tool exports to Vietnam have risen by more than 150%, with a 215% increase in 2018 alone. Indeed, orders from Vietnam have more than tripled recently. The German machine-tool industry offers technologically advanced solutions that stand out from the mass-produced offerings of Asian competitors, which was confirmed by Duong Tuan Ngoc, vice general director at Hong KY Ltd of Ho Chi Minh City: “We’ve already purchased machine tools from Switzerland this year. However, in the future, we’ll be taking a keen interest in high-precision milling machines from Germany.”
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