Logo of Phnom Penh Post newspaper Phnom Penh Post - More Vietnamese firms investing in robot production

More Vietnamese firms investing in robot production

Content image - Phnom Penh Post
With Viet Nam’s demand for robots in the manufacturing industry on the rise, many businesses are investing in the field. VIET NAM NEWS/ANN

More Vietnamese firms investing in robot production

More Vietnamese businesses are investing in the robot manufacturing industry as demand for such products is growing rapidly in Vietnam, experts have said.

Among eight local projects granted investment permits by Saigon Hi-Tech Park late last year was a $5 million research, development and manufacturing centre for experimental robots and automation from IDEA Technology Joint Stock Company.

Do Hoang Trung, chairman and general director of IDEA, said the company about two years ago began producing robotic arms, automatic guided vehicles and other items, which have been sold to FDI businesses in Vietnam.

The company plans to build its 1ha facility at the park soon, as well as a training centre for staff. It aims to become a leading robot brand in Vietnam in the next five years.

Kieu Huynh Son, deputy chairman of the Ho Chi Minh City Mechanical and Electrical Businesses Association, said many businesses such as Idea, Autotech and Truc Quang were taking part in the field.

Huynh Phong Phu, director of electrical and electronic manufacturer ABB Vietnam’s Robotics and Discrete Automation Business, said the demand for robots in manufacturing was rising fast in Vietnam.

The country is one of the fastest-growing robot consumption markets in Asean, and is expected to grow even more in the next two to three years, he added.

Tran Thanh Thuy, former deputy rector of Vietnam Research Institute of Electronics, Informatics and Automation, said that domestically produced robots were cheaper than imported ones.

However, due to limited technical infrastructure, underdeveloped supporting industries and limited robot quality testing equipment, local businesses have not been willing to invest heavily, preventing the industry from reaching its full potential.

Hoang Viet Hong, deputy general director of Industrial Machinery and Instruments Holding JSC, said that many businesses wanted to apply more modern technology and robots, but were encountering problems related to manpower and investment funds.

He said that there should be more collaboration between domestic and foreign experts to develop new automation technology for Vietnam’s manufacturing process. More attention also needs to be paid to pushing investment and research, he added.

VIET NAM NEWS/ASIA NEWS NETWORK

MOST VIEWED

  • Hun Sen: Full country reopening to be decided in two weeks

    Prime Minister Hun Sen has announced that if the Covid-19 situation remains stable for 15 consecutive days from the end of the October 5-7 Pchum Ben public holiday, Cambodia will reopen fully, albeit in the context of Covid-19 whereby people have to adjust their lives to

  • Cambodia sets new Covid-19 quarantine rules

    The government has modified Covid-19 quarantine requirements, shortening the duration for, among others, Cambodian officials, foreign diplomats and delegations, investors and inbound travellers in general. According to an official notice signed by Minister of Health Mam Bun Heng late on October 16, quarantine length for Cambodian

  • Cambodia unveils new quarantine regulations

    The government has modified Covid-19 quarantine requirements, shortening the duration for, among others, Cambodian officials, foreign diplomats and delegations, investors and inbound travellers in general. According to an official notice signed by Minister of Health Mam Bun Heng late on October 16, quarantine length for Cambodian

  • Hun Sen: Cambodia set to fully reopen

    Prime Minister Hun Sen concludes that the October 5-7 Pchum Ben public holiday, during which many people either flocked to their hometowns for family reunion or gathered at tourist attractions across the country, has not caused an outbreak of Covid-19. In a special address to

  • Will Evergrande change the way Chinese developers do business in Cambodia?

    China’s property sector policy has exposed the grim financial condition of real estate developers including those operating in Cambodia, which raises questions over the viability of their projects and business going forward The dark blue netting draping over one of Yuetai Group Co Ltd’

  • Phnom Penh governor: Show Covid-19 vaccination cards, or else

    Phnom Penh municipal governor Khuong Sreng late on October 5 issued a directive requiring all people aged 18 and over and the parents of children aged 6-17 to produce Covid-19 vaccination cards when entering schools, markets, malls, marts, eateries and other business establishments that have been permitted