Vietnam’s mechanical engineering market to reach US$300bil

A boat with pasengers is seen going through the Saigon River near the famous Binh Thanh District in Ho Chi Minh City, Vietnam. - AFP

HANOI: Total demand of the domestic mechanical market by 2030 is estimated to reach about US$300bil (RM1.26 trillion), according to the Vietnam Association of Mechanical Enterprises (Vami).

At present, Vietnam’s mechanical industry only meets about one-third of the demand for mechanical products in the country, the association said.