Enterprise mechanical problem stuck between capital - market

As one of the few engineering enterprises dare capital and labor practices mechanical products payload few thousand tonnes, serving the hydroelectric projects, industrial Group Chairman Quang Trung - Nguyen Tang Cuong said he was "under play" not only by passion but also by desire to catch up in strategic policy development.

 

However, after many years of practical experience, this position began to lament that "frustrated". Share in the seminar Development Strategy Vietnam mechanic industry held earlier this week, business leaders said that though sympathy with State resources are limited, the struggle to find outside capital is a difficult problem with enterprise.

 

"We have lost 30-40 times go back just to edit documents at the request of the bank. A project that takes several years just to complete the loan procedure, the investment opportunities can not wait now "This urgent position.

 

As reported by the Department of Heavy Industry (MOIT), production and trading of mechanical engineering industry is considered higher than the previous year, but the current capacity to meet domestic demand (in 2014) to reach over 32% - lower than the target of the proposed strategies is 40-50%. The export value exceeded the target sectors but also the value of imports by more than 26 billion dollars, more than twice the value of exports.

 

Mr. Nguyen Chi Sang - Research Institute of Mechanical (MOIT) suggested that policies to support the industry by not correctly identify the focus areas for investment, leading to gaps in the implementation of its objectives . He said that engineering should distinguish two types of goods, one is operating on the market and one that needs a "hand" of the State support.

 

"As the field of hydro mechanical, rather than low interest rates should be given to businesses so they can market development. In fact most of the units of this sector can be major investment to develop the without a state capital, "he said. However, with some products related to the nuclear industry, chemical ..., the contract value may reach several tens of billions of dollars, clearly needs the support of agencies actively managed to take market schools and businesses by itself is not enough to identify.

 

According to this position, to diversify sources of capital for businesses can put out this time when there are redundant by natural market businesses will invest. In fact, there are plenty of small-scale enterprises were set indenture mold invest their own money but expect the State to buy software or training personnel.

 

"Once businesses master the technology, design wire transfer, plant and equipment, the other components of society will naturally run to invest," he said.

 

Concurred opinion, Cuong said that to produce a mechanical products can commercialize, should undergo compulsory 7 Steps include: design and manufacture of molds, embryogenesis, cutting machining, heat treatment assembly and testing factory. However, in Vietnam the new assembly, the remaining stages are not interested. "Resources are limited, it should be a key investment. Without investment focus on seven areas, not create market mechanisms and attractive, the industry never succeed," he said.

 

Interested problem for product output, Chairman Board of Directors of the Corporation Equipment East England - Tran Van Quang also said that this time, the market needs most now. "Without market although investment enterprises bankrupt sooner or later, or do not want to invest," he said.

 

In fact, he says, while many products of domestic enterprises produce over time, but the same kind of items are still massively imported to the country. A part may be due to the capacity of the production unit is not uniform, but he said that does not mean domestic product suffered overshadowed by imported products. Therefore, this position that must make mandatory standards now being imported product, if national standards are determined not to allow import.

 

"The sanctions have drastically new mechanics now have the market. We have low starting point in the competition with the developed countries to adopt policies more favorable Vietnam surely will lose, even lose at home ", he expressed.

 

Recognizing Vietnam's mechanical engineering industry is in a low position in the economy and limited, but Department of Heavy Industry - Truong Thanh Hoai says this time, the most important market remains the problem for the whole industry .

 

According to him, mechanics are areas that need large investments, but low margins, capital recovery period lasts. Recently, the development of the industry has encountered some obstacles arise from macro-economic factors. Although compared with the period before the WTO, the industry has had growth but compared to many countries, the market size is still too small. This is considered a key issue that the industry can not develop as planned.

 

Next time, through free trade agreements bilaterally and multilaterally between Vietnam and other partners, the market is expected to be extended, so that the amount of mechanical products also increased substantially including, synonymous with engineering firms will have the opportunity to develop.

 

Devotion