PROJECTS CALLING FOR INVESTMENT
1. Wood Processing Training Center, with an investment capital of US $266,000.
2. Technology Upgrading and Processing Equipment Production in the country, with an investment capital of US $33m.

THE MECHANICAL MANUFACTURING OF HO CHI MINH CITY

LABOR FORCE:

Workforce: 32,000, accounting for 16% of country?s mechanical industry, of which:

Directly involved in manufacturing: 61%

Ph.D: 0.06%.

4th-grade workers: 42%.

Trained technical staff: 7.9%

Major industries:

Manufacturing of motor for cars, motorbikes, other means of transportation.

Manufacturing of processing machinery for agriculture, forestry, fisheries sector and industrial crops

Manufacturing of tool machinery, synchronized equipment, and individual equipment for different economic sectors

Manufacturing of electrical equipment and materials

Ship-building

Manufacturing of machinery for road and bridge construction, steel frames

Manufacturing of household appliances

Mechanical manufacturing for national defense 

MARKET

Development prospect:

Domestic mechanical products only meet 8-9% of local demand now, (but are to  increase to 40% in 2010, around $US 4.5-5 billion).

Possibilities to increase exports: about 10 $US billion/year.

Demand for machinery and equipment in 2001 - 2010: approx. $US 11 billion/year.

DEVELOPMENT TARGETS AND ORIENTATIONS TARGETS

Annual growth rate of 17-20%

Enhance the technological capacity, improvement of steel alloy making with a view to meeting 30% of the demand for spare parts of local industries.

Target for 2005: mechanical products can meet 25-30% of the demand of the domestic market with a quality comparable to that of ASEAN member countries.

ORIENTATIONS

Spare parts, motors and engines FOR vehicles

Household appliances

Industrial equipment

Printing machinery

PROJECTS CALLING FOR INVESTMENT

1. Development of a center for mechanical engineering and experimental manufacturing.

A venue for research and application of new technology and machinery design:

Investment capital for 2001-2005: $US 5 million.

2. Raw metal manufacturing plan: Casting, forging, hammering, rolling, thermal treatment, modeling.

Investment capital for 2001-2005: $US 10 million.

3.  Central mechanical plan: Manufacturing of tool machinery,  agro-forestry processing machinery, individual and synchronized equipment for the sectors of power, construction, agriculture, etc.

Investment capital for 2001-2005: $US 25 million.

4.  Maintenance center: Maintenance of mechanical equipment and general industrial equipment.

Investment capital for 2001-2005: $US 5 million.