The policy has been around for a long time, but in the current context, investment needs to be focused and focused.

 

Big investment, slow recovery

 

According to Mr. Do Huu Hao, Chairman of the Vietnam General Association of Mechanical Engineering, the characteristics of the mechanical engineering industry are large initial investments, long production cycles, slow capital turnover, low profits and long payback period. When changing to a market mechanism, the mechanical engineering industry has stalled and has not been adequately invested in, thus failing to meet the country's development needs. In addition, due to the lack of policies to support and protect the domestic market, the market share of the mechanical engineering industry is narrowed, unable to compete with imported products and smuggled goods from foreign countries, including The product used to be a strength of Vietnam's mechanical industry, such as: machine tools, small propulsion machines, bicycles, electric fans, water pumps, etc.

 

At the Conference, Mr. Dao Phan Long, Chairman of Vietnam Association of Mechanical Enterprises, expressed his concern: Why are the guidelines and policies of the Party and the State encouraging the construction and development of mechanical industry for a long time? But it is difficult to come to life, in order to lead to 2019, we still have to research and remove many barriers on policies and mechanisms that are still causing difficulties for businesses operating in this field? According to Mr. Long, the promulgation of some taxes on import of materials, export of mechanical products, land tax, corporate income tax for domestic mechanical enterprises is not encouraging to produce and lacks of impartiality between inland and foreign invested enterprises. This has led to the production and trading of domestic mechanical products which are uncompetitive right on the "home market" so they are lagging far further than the international one.

 

Mr. Long said that in order for Vietnam's mechanical industry to develop in the context of the current deep and deep economic integration, there must be a "tangible hand" of the State expressed by a system of policies. synchronized and consistent.

 

Need to invest in key areas

 

According to engineer Nguyen The Ha from Bui Van Ngo Agricultural and Industrial Mechanics Co., Ltd., in the current conditions, the Vietnamese mechanical engineering industry should focus on investing and actively developing the field of agricultural mechanics to increase capacity. agricultural labor productivity, increasing the competitiveness of commodity agricultural products, creating added value throughout the agricultural production chain.

 

Mr. Ha said, from the fact that enterprises maintain their market shares in the Mekong Delta, it shows that Vietnam's mechanical engineering industry needs a development strategy based on adaptive, effective and modern criteria; actively researching science, training human resources and skilled mechanics; produce smart, sophisticated and modern machines that are competitive in many markets ...

 

Mr. Do Huu Hao said that the State and enterprises should focus on developing some fundamental areas of the mechanical engineering industry. Specifically, continue to invest and prioritize the development of supporting industries for mechanical engineering (automobile, shipbuilding, manufacturing of equipment for agriculture - forestry - fishery); Encouraging domestic metallurgical enterprises to invest in manufacturing steel to supply raw materials for mechanical engineering.

 

Mr. Hao also proposed reducing the income tax for mechanical enterprises to 15% (instead of the current 25%); raising the priority score for businesses using domestic products instead of products supplied from abroad when bidding to 15% of the overall score in the evaluation table (instead of adding 7.5% points Aggregate as it is today) ...

 

According to a number of mechanical industry experts, the State should select a number of key products, assign each product to a leading enterprise, in combination with other research and manufacturing facilities to complete research to create The product is able to compete on domestic and international markets. The State should have a mechanism to support enterprises throughout the process of researching and perfecting technological products until they become commercial products through investment funds for scientific and technological research and application.