2013 is a difficult year for the mechanical industry. Not only capital, but the output of products of heavy engineering lines, key mechanical – a priority of the development strategy mechanical industry are very difficult.

According to the latest figures of the Vietnam Energy Association, total investment demand for the entire power sector in the period 2011-2030 is estimated at 123.8 billion dollars. With 54 coal fired power plants and a lot of gas-fired power plant projects, hydropower, pumped storage hydropower, nuclear power and renewable energy (such as wind power, solar ..) will have to build built in the period from now to 2020 in which, at least about 50 billion sums. However, not only slow progress due to lack of funds many projects to fund is still unknown, no donor should not know when the new ground-breaking, was deployed. Thus, according to Chairman of the Vietnam Energy Association Tran Viet Ngai, when the power plant and grid confirming funding will be the basis for successful implementation of investment steps, to ensure sufficient power supply during coming, as the economy recovered and flourished after the period 2020 – when Vietnam to basically become an industrialized country toward modernization. Not only that, each power plant are resources to create jobs and led to the development of other industries.
Each energy project being implemented is a real chance of mechanical industry of Vietnam. This fact has also been Deputy Prime Minister Hoang Trung Hai affirmed at Thermal Power Plant Project Vinh Tan 4 (total capacity of 1,200 MW) has been Vietnam Electricity Group (EVN) signed an EPC contract with the group of contractors is Doosan heavy Industries Group (Korea), Mitsubishi Corporation (Japan), JSC construction consulting power 2 and JSC Pacific Group – due to the Bank’s 2 South Korea and Japan funded 85% of the capital, along with 15% counterpart funding of Vietnam Electricity (EVN) is expected to start in the 1.2014 wealth – has a chance to consume the products of mechanical engineering Doosan heavy industry company in Vietnam.

According to the president of the Association of Mechanical Industry of Vietnam Nguyen Van Thu, specifically with a thermal power project worth $ 1 billion, can we not be manufactured the main equipment such as turbines, boilers, generators … but can be split and made up to 30% by weight of structural steel, non-standard equipment of each project, and this really is an opportunity for businesses of Vietnam mechanical domestic market . Domestic businesses need to think and propose to the Government a different mechanism for investing in power plants. According to Sales, a market with nearly $ 70 billion if we only do 20-30% Vietnam alone has $ 20 billion of the mechanical manufacturing industry for 10 years. So this is an opportunity to be able to develop in the design, manufacture and installation of mechanical industry …

Thus, according to many experts, find financing for energy projects is enormous consequences for the mechanical industry. And solve the problem of capital, products and jobs for the mechanical engineering industry is how to power sector development funds. Simultaneously with that is to create a special mechanism for mechanical products in the country, avoiding stimulus projects backwards from the EPC 100% foreign capital.