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Korean construction machine suitable for Vietnam market

10/07/2020
“Machines and equipment in general of Korea is not too unfamiliar with Vietnam. “Currently, demand for construction machinery market of Vietnam is huge. However, the contractor must not always have access to the supply of good quality and reasonable price “.

Korean construction machine suitable for Vietnamese market:

Machines and equipment in general of Korea is not too unfamiliar with Vietnam. “Currently, demand for construction machinery market of Vietnam is huge. However, the contractor must not always have access to the supply of good quality and reasonable price “.
 
It was shared by Mr. Ho Manh Tuan, Chairman and CEO of the Company Veam Korea – the import and distribution of construction equipment from South Korea on the sidelines of the workshop “Contractor Vietnam: Capacity and agencies cooperation “by the Association of Building Contractors (VACC) has organized in the framework Conbuild 2010.
 
VCM Group
Mr. Ho Manh Tuan, Chairman and CEO of the Company Veam Korea

Vietnam market is expanding:

He kindly said manufacturers Construction machinery Korea assess how the Vietnam market?

– By the time I exposed and work directly with the Korean counterparts, they have said that Vietnam is a country with developing economy with impressive growth over the years. In particular, the demand for construction of economic infrastructure, highly social. Last time, every kind of major construction projects, such as modern highways, bridges, railways, ports, hydro-power, high-rise building … in Vietnam continue to be deployed. The needs of the builders, the construction unit of sync equipped machinery, advanced construction equipment, new modern is great to be able to meet the requirements of development. This is a good market, especially for Korean businesses.
 
Could you tell me more about the “special” is?

– Machinery and equipment of Korea generally not too unfamiliar with Vietnam. Currently, the Korean carmaker in Vietnam is also very much, is going to dominate the market, competition is good for Japanese cars, American or European, Vietnam. Hyundai, for example, in addition to steam, the crane, loader vehicles, rescue vehicles … of this brand are the products that people are familiar with and Vietnam have appreciated for the quality and usability. In addition, the building materials industry of South Korea provides very strong and was “familiar face” in Vietnam, as Posco – very famous steel and then, they also penetrate the construction market while offering more solutions for the design, build urban areas … Currently, investors, contractors Korean links with Vietnam contractor won the bid for large projects require high technical requirements and was “preparing the way” very good for machinery, equipment and construction of Korea can penetrate deep into the Vietnam market.

Confirmed by quality and price:

Recently, Korea VEAM just introduced to the market mainly of machinery, construction equipment Korean used. Where is the reason for this cautious step?
 
– It must be admitted that at present, the markets are two major trends. One is the high-quality machinery but also higher prices as Japan or Europe (mainly Germany, Italy, …) Monday is the product of moderate quality with acceptable costs originating from China. Number of machines and equipment for construction of Korea in Vietnam market is not good right potential. However, over a period of exploration and get very good response of the market, next time we will officially enter the new machine 100% from Korea to meet the needs of the market.
 
The Korea VEAM expectations with this new strategy is …?

We want to give the Vietnamese contractors a solution in the midrange. The products and equipment in Korea with almost equivalent quality (90%) of Japanese products, but prices are only 70-80% so it is suitable for Vietnam market. In addition, maintenance work, maintenance is also very simple for spare parts, equipment Genuine Korean brands are also very common in the market VN. On the other hand, the current trade between the two countries are developing well, and art transport facilities, including air and sea vessels also have day trips. Transit time by ship from South Korea to Vietnam takes about 1 week, fully meet timely needs of contractors Vietnam.

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