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More companies invest in robot production as demand rises

More Vietnamese businesses are investing in the robot manufacturing industry as demand for such products is growing rapidly in Vietnam, experts have said.
More companies invest in robot production as demand rises ảnh 1With Vietnam's demand for robots in the manufacturing industry on the rise, many businesses are investing in the field. (Photo: VNA)

HCM City (VNS/VNA)- More Vietnamese businesses are investing in therobot manufacturing industry as demand for such products isgrowing rapidly in Vietnam, experts have said.

Among eight local projects granted investment permits by Saigon Hi-Tech Parklate last year was a 5 million USD research, development andmanufacturing centre for experimental robots and automation from IDEATechnology Joint Stock Company.

Do Hoang Trung, chairman and general director of IDEA, said the company abouttwo years ago began producing robotic arms, automaticguided 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 atraining centre for staff. It aims to become a leading robot brand in Vietnam inthe next five years.

Kieu Huynh Son, deputy chairman of the HCM City Mechanical and ElectricalBusinesses Association, said many businesses such as IDEA, Autotech and TrucQuang were taking part in the field.

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

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

Tran Thanh Thuy, former deputy rector of the Vietnam Research Institute ofElectronics, Informatics and Automation, said that domestically produced robotswere cheaper than imported ones.

However, due to limited technical infrastructure, underdeveloped supportingindustries and limited robot quality testing equipment, local businesses havenot been willing to invest heavily, preventing the industryfrom reaching its full potential.

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

He said that there should be more collaboration between domestic andforeign experts to develop new automation technology for Vietnammanufacturing process. More attention also needs to be paid to pushinginvestment and research, he added./.
VNA

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