Compared with other countries in the region, Vietnam is the delay in the development of the economy, began to appear in the early years of the 1990s. Foreign direct investment (FDI) in Vietnam has begun after the Government changed policy in 1991 and has quickly become an important strength for economic development, particularly industrial development. The role of FDI is important in the field of machinery and equipment, including a wide range of products from the agricultural tools, motorcycles, cars and even ship. The development of machinery industry in Vietnam is in line with the development of the industry, in which many industries have undergone significant growth in the past decade.The economy of Vietnam has achieved relatively high growth compared to twenty-five years. Since the world economic integration, have helped Vietnam's economy grow strongly. Vietnam needs deeper integration into the international economy. However, Vietnam economic growth based primarily on the input extended and heavily dependent on import of capital goods (machinery, tools, fittings and materials). The global economy has undergone significant changes in recent decades, especially with the onset of globalization and regional integration. The industry has been expanding, global and regional; new production networks benefit from many countries, creating more opportunities to participate in the network of the world's production and development of the industry. The development of the industry in effect on many different countries in a faster and wider.In recent years, the development of machinery industry in Vietnam is noteworthy. While the developing economy of Vietnam must compete with foreign companies to sell technology, set up production facilities and gain the advantage. Machinery and equipment industry had the impact, significant influence on the development of the network of different production and domestic investors. The industry is very important, it showed new trends and new opportunities to grow the economy. To nurture and develop the industry, the Government needs to come up with favorable policies, tax support, land, capital, technology and human resources for development. The Government should also encourage domestic enterprises to accumulated capital, upgrade and expand yourself to gradually achieve the goal more in the future.
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