Industry 4 0

Photo: VNA For this year’s event, a total of 300 exhibitors from 12 countries globally are to showcase their products from the supporting industry, cutting-edge industrial technologies, and new production trends from the field across 460 pavilions. Pham Thanh Kien, Director of HCM City’s Department of Industry and Trade, said the exhibition is poised to enjoy the participation of a number of leading brands such as Doosan Infracore, TOPEYE Corporation, Neuromeka, Shinseng Industrial Co., Ltd, HBL Inc., and Chowel Corporation. Both the Vietnam International Machinery Fair 2019 (VIMAF) and the Vietnam Supporting Industry Fair 2019 (VSIF) are scheduled to conclude on December 14, with the events hosting a wide range of activities including trade exchanges and visits to production factories. Upon addressing those in attendance at the opening ceremony, Nguyen Thanh Phong, Chairman of the Ho Chi Minh City People's Committee, emphasised that recent years have … [Read more...] about Series of supporting industry exhibitions gets underway in HCM City

Production at the Hoya Glass Disk Vietnam Company in Thang Long Industrial Park, Hanoi. The capital city attracted 7 billion USD in FDI in the first 11 months this year. (Photo: kinhtedothi.vn)   Hanoi (VNA) - Hanoi attracted the most foreign direct investment (FDI) in Vietnam during the first 11 months of this year with 7 billion USD, accounting for nearly a quarter of the total, according to the Hanoi Department of Planning and Investment. This figure was higher than the 6.3 billion USD registered in the same period last year. Total registered investment capital for new projects and additions to existing projects reached about 2.1 billion USD, including 1.6 million USD for 788 new projects and 580 million USD for 160 existing projects. During the 11 months, foreign investors poured 5.3 billion USD into Hanoi through capital contributions and share purchases. Foreign investors have chosen Hanoi thanks to its good infrastructure, completed industrial zones and convenient … [Read more...] about Hanoi attracts most investment in 11 months

A corner of the Phu My Hung residential area in District 7, HCM City (Photo: VNA) Hanoi (VNA) – Since the Investment Law took effect in July 2015, Vietnam’s FDI inflows, and the real estate sector in particular, have significantly increased in terms of merger and acquisition (M&A) activities. Statistics released at the Vietnam M&A Forum in Ho Chi Minh City in August 2018 showed that in the first five months of the year, the total value of M&A transactions in the Vietnamese market had reached 3.55 billion USD, equivalent to 155 percent of the figure recorded in the same period last year. Of the sum, property deals made up 66.75 percent. Meanwhile, in 2017, M&A deals were valued at 10.2 billion USD, up 175 percent against 2016, with real estate accounting for only 27 percent following consumer goods production with 57 percent. Therefore, the numbers reported in the first half of the year demonstrate that the real estate sector has attracted greater … [Read more...] about Real estate sees rise in M&A deals

Vietnam's wildlife conservation center Four Paws Vietnam cooperated with Ninh Binh Forest Protection Department in the northern province to rescue two bears held captive for 20 years for the bear bile trade on Thursday. Ninh Binh had 40 bears held captive in 2005 and the two on Thursday were the last ones rescued from cage life in the province. Thousands of bottles of antibiotics and tranquilizers are found at the bear farm. Doctors said the drugs were used during the bile extraction process. A doctor used a blowing tube to shoot the anesthetic into a bear before taking it out of the cage. Doctors unlocked the cage, ducktaping the bear's mouth and cooling it with a wet towel before bringing it out. Experts perform overall examination and take samples of blood, hair, feces and urine. They found both bears suffering from obesity, gall bladder damage, urinary tract infection, damaged nails and tooth decay. The two Asian black bears weigh 160kg (352 lbs) and 170kg … [Read more...] about Two bears freed from 20 years of cage life in Vietnam

The cyber-physical learning factory of Festo (Photo courtesy of the company) Ansgar Kriwet, member of the management board of Festo, said Vietnam has the fastest growing economy in Southeast Asia with a growth rate of 6.5 per cent. Manufacturing is its strongest sector and accounts for more than 50 per cent of FDI, he said. As Asia’s new manufacturing hub, Vietnam requires strong support from motion automation, he said. Putting industry 4.0 into action means both intensively investigating new technologies and preparing employees for the challenges of future production, he added. Festo’s cyber-physical systems encompass the new developments of networked production in industry 4.0 and offer a modular smart factory system for teaching and research purposes. In Vietnam the company has partnered with 25 schools, universities, and industry-wide institutes to train specialists. It annually invests around 8 per cent of its revenues into research and development and … [Read more...] about Germany automation firm Festo to expand investment in Vietnam