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Always an alluring event for the engineering and manufacturing community On its 18 th return, MTA Vietnam 2022 - a prestigious international exhibition on machine tools, precision mechanics, and metalworking - will take place over four days from July 6 to 9 at the Saigon Exhibition and Convention Centre, 799 Nguyen Van Linh Road, District 7, Ho Chi Minh City. This exhibition is expected to provide value and interesting experiences for individuals and enterprises in the engineering and manufacturing industry. MTA Vietnam allures many enterprises and groups During their visit to the MTA Vietnam 2022 exhibition, attendees will have the opportunity to meet more than 250 prestigious exhibitors from within the country and 12 other nations and territories around the world that are considered the powerhouses of advanced technology such as Germany, the US, the UK, Japan, South Korea, Sweden, Switzerland, China, Singapore, Taiwan, Thailand, and Hong Kong, among … [Read more...] about MTA Vietnam: An exhibition of interest to the engineering and manufacturing community

Illustration. (Photo: VNA) Hanoi (VNA) – Vietnam’s economic growth accelerated faster than expected in the second quarter of this year, as a recovery in exports and manufacturing helped offset risks from coronavirus outbreaks and rising oil prices, Bloomberg reported. The US-based news agency cited data from the General Statistics Office of Vietnam (GSO) saying the Vietnamese economy expanded 7.72% year-on-year in the April-June period, compared to 5.05% of the previous quarter. That was quicker than the median estimate for a 5.9% gain in a Bloomberg survey, and the highest level since at least the first quarter of 2013, it said. The performance helped lift growth in the first-half to 6.42% from a year ago, beating the GSO’s forecast for a 5.5% pace. The government targets full-year growth at 6%-6.5%. The gains in momentum coincide with Vietnam emerging as one of the alternative destinations for foreign investment amid trade disruptions from China’s lockdowns, … [Read more...] about Vietnam’s economic growth accelerates on back of exports, manufacturing: Bloomberg

Vice Chairman of the People’s Council of Ho Chi Minh City Nguyen Van Dung addresses the meeting (Photo: VNA) HCM City (VNA) – Vice Chairman of the People’s Council of Ho Chi Minh City Nguyen Van Dung and Vice Chairman of the Standing Committee of China's Shanghai Municipal People Congress Chen Jing had an online meeting on June 30 to discuss orientations to promote the partnership between their elected agencies. Dung affirmed that the meeting shows HCM City’s determination and hope to maintain the friendly and cooperative partnership between the two cities. Briefing the Chinese official on the socio-economic situation of the city, Dung said he hopes Shanghai will continue to organise short-term training courses for HCM City officials and share experience in areas of mutual interest. He briefed the Chinese official on major activities of the HCM City People’s Council, especially measures to speed up the socio-economic recovery and development after COVID-19 , and … [Read more...] about Elected bodies of HCM City, Shanghai foster partnership

The bright spot in the latest PMI survey was employment, which increased at the fastest pace in three and a half years. The Vietnam's Manufacturing Purchasing Managers' Index (PMI) posted 54.0 in June, down slightly from 54.7 in May but still signaling a solid monthly improvement in the health of the sector. Electronics production at Katolec Vietnam, Quang Minh Industrial Park, Hanoi. Photo: Pham Hung A reading below the 50 neutral marks indicates no change from the previous month or even contractions, and above 50 points means an expansion, according to S&P Global. “The Vietnamese manufacturing sector ends the first half of 2022 in good health, with firms feeling that they've seen the back of the pandemic cane to generate new business at a solid rate,” said Andrew Harker, economics director at S&P Global. "The main positive from the latest PMI survey was around employment, which increased at the fastest pace in three-and-a-half years. This shows … [Read more...] about Vietnamese manufacturing continues solid improvements

Tropical storm Chaba, the first storm to affect Vietnam this year, is gathering strength, with wind speeds near its centre reaching 89-102 kilometres per hour. According to the national weather service, the system was located at 400 kilometres east-southeast of China’s Hainan Island at 7am on July 1. Chaba is forecast to travel in a northwest direction for the next 24 hours at a speed of 15 kilometres per hour and is likely to strengthen further, packing winds of 103-117 kilometres per hour. At 7am on July 2, the tropical storm will be located about 370 kilometres east-southeast of Quang Ninh Province, before continuing northwest and to make landfall in the southeast of China’s Guangxi Province the following day. Strong winds and high waves are expected in the northern waters of the East Sea/South China Sea, including the Hoang Sa (Paracel) Islands, while coastal provinces from Quang Ninh to Ninh Binh face the risk of storm surges inundating low-lying areas. Chaba is … [Read more...] about Tropical storm Chaba picks up strength as it moves northwest

Vice Chairman of the People’s Council of Ho Chi Minh City Nguyen Van Dung addresses the meeting (Photo: VNA) Dung affirmed that the meeting shows HCMC’s determination and hope to maintain the friendly and cooperative partnership between the two cities. Briefing the Chinese official on the socio-economic situation of the city, Dung said he hopes Shanghai will continue to organise short-term training courses for HCMC officials and share experience in areas of mutual interest. He briefed the Chinese official on major activities of the HCMC People’s Council, especially measures to speed up the socio-economic recovery and development after Covid-19, and expressed his hope to learn legislative experience from China in various fields. For his part, Chen noted that the partnership between Shanghai and HCMC, which was set up in 1994, has developed soundly in many areas. He lauded the potential of HCMC and the strong growth of Vietnam and the city in particular, and said he hopes to … [Read more...] about Elected bodies of HCMC, Shanghai foster partnership