automatic standard small oil processing plant in vietnam

   
automatic standard small oil processing plant in vietnam
                                               
                                               
                                               
                                               
  • automatic standard small oil processing plant in vietnam
How to start a multinational Machinery Company in Vietnam?

However, establishing a subsidiary in Vietnam or collaborating with a partner, either through a distributor or an original equipment manufacturer (OEM), are two of the most common options for multinational machinery brands.

Is machinery and equipment market open to foreign investors in Vietnam?

The machinery and equipment market in Vietnam is relatively open to foreign investors. Market access conditions are mainly in terms of environmental protection for investment in manufacturing. Additionally, 100 percent foreign-owned companies are allowed in the manufacturing and trading business of machinery and equipment.

What is the growth rate of machinery & equipment industry in Vietnam?

This is proved by the net revenue recorded by companies operating in this industry increasing at a compound annual growth rate (CAGR) of 14.3 percent between 2010 and 2019. Until 2020, there were over 2,200 companies specializing in the production of machinery and equipment in Vietnam, earning total revenue of US$4.6 billion.

Which countries supply machinery to Vietnam?

Major suppliers of machinery to Vietnam have been Asian countries including China, South Korea, Japan, and Taiwan. These accounted for around 70 percent of the foreign sources for machinery in the Vietnamese market owing to their competitive prices and prevailing consumer preference.