HANOI, June 15 (Bernama) — The 14th International Precision Engineering, Machine Tools and Metalworking Exhibition and Conference (MTA Vietnam 2016), featuring the latest in advanced technologies and equipment, will be organised in Ho Chi Minh City from July 5-8, Vietnam News Agency (VNA) reported.

As many as 360 exhibitors from 20 nations and territories, including many newcomers, will display their products and services.

The event will feature a strong lineup of companies representing the industry value chain.

These include Akyapak, DMG MORI, Ficep, Guehring, GF Machining Solutions, Goodway, Haas, Hoffmann Quality Tools, Hurco, Hwacheon, LITZ, Makino, Mazak and Mitsubishi Electric.

The return of MTA Vietnam comes at a time when the country is receiving an increasingly high level of foreign direct investment (FDI) and becoming a prominent manufacturing hub in Southeast Asia, due in part to recently signed free trade agreements, the establishment of the ASEAN Economic Community and prospects for the Trans-Pacific Partnership.

Vietnamese companies, especially small- and medium-sized enterprises, have been urged to upgrade industrial technology and improve productivity in order to move up the value chain and enhance their competitive advantage.

The Industrial Production Index in Vietnam rose 7.9 per cent on the year in April, which marked an acceleration compared to the 6.2 per cent increase recorded in March, when the processing and manufacturing industry led the way with year-on-year growth of 12.5 per cent, according to the General Statistics Office.