International precision engineering and manufacturing opens in HCM City

The 20th Vietnam International Precision Engineering, Machine Tools, and Metalwork Exhibition (MTA 2024) opened in Ho Chi Minh City on July 2.

The four-day event attracted 323 exhibitors from 15 countries and territories, including India, Poland, Taiwan (China), Germany, South Korea, the US, Hong Kong (China), Malaysia, Japan, Singapore, China, Thailand, Turkey, Italy and Vietnam.

It saw the participation of major enterprises such as Amada, Trumpf, Salvagnini, LVD, Jinan Bodor, Yamazen, Hwacheon, Roeders, United Grinding, Makino, Mazak, Haitian, Blum and MST.

The exhibition features the latest and newest products and technologies in the field of machine tools, precision engineering, metalwork technologies, and manufacturing solutions, such as metal forming machines, metal cutting machines, test and measurement technology, cutting tools, and milling machines.

It also includes workshops, conferences, and talk shows on smart manufacturing.

The event is expected to welcome some 16,000 visitors.

Vietnam targets to raise the proportion of the processing and manufacturing sector in GDP to 30% by 2030.

The robot market of Vietnam is estimated to gain revenue of $356.7 million in 2024, according to Statista. Of these, industrial robots are expected to lead the market, with an anticipated market value of up to $309.8 million.