Mechanical engineering industry of Dong Nai Province strives to triple its 2005 production value by 2010

A day of work at Vikyno Co.

Specifically, the value of the mechanical engineering industry will increase 3 times from that of 2005, and by 2020 it will go up to 6.2 times compared to 2010’s value. The average growth rate in the period of 2006-2010 is expected to be 24%. Regarding the economic structure, by 2010 the mechanical engineering industry will make up 13% of the industry, including construction engineering: 28.6%, agricultural engineering: 10%, consumption engineering: 15.5%, and automobile-motorcycle engineering: 48.4%.

In order to fulfill its targets, in the period of 2006-2010 the mechanical engineering industry of Dong Nai Province will focus on mechanical products that meet the demands for national industrialization and modernization, and simultaneously encourage the strong development of subordinate industrial products of the mechanical industry such as those for automobile and motorcycle industry. The industry will also continue to raise and stabilize its quality, improve and renovate product designs, particularly those for exports such as machinery, agricultural equipment, automobiles, washing machines, and refrigerators. In addition, it also develops potential mechanical branches such as those for manufacturing machinery, building components for construction, processing accessories for textile and garment industry, and conducts research on manufacturing new-generation mechanical products with higher capacity, more automatic functions and facilities, diverse models and designs, and convenience for users. Another important feature is to raise the technological innovation rate by 15% for mechanical engineering enterprises that have strategic products or products for exports so that the innovation of a generation of technological equipment will be basically completed within 8-10 years. Associating with other industries, regions and zones, especially the Southern Key Economic Zone, to serve for the strategy of developing Dong Nai mechanical industry in the course of specialization and cooperation in mechanical manufacturing among provinces, cities and the whole region assures the rapid, stable and long-term development of the mechanical engineering industry of not only Dong Nai but also the whole region since all local strengths will be taken full advantage of.  

Another issue arisen in the strategy of developing the mechanical engineering industry till 2010 is to mobilize capitals. As planned, the amount of capitals needed for the development in this period is US$600 million which will be used for new investment and expanding production. This amount will be mobilized from domestic sources, joint ventures and calling for foreign investment.

(Translated by THKC)