HIMA made its foray into the emerging and vibrant Vietnam market to help protect local industries with its Smart Safety solutions at the International Society of Automation (ISA) Vietnam Event 2019 on 13 June 2019. This was HIMA’s debut in Vietnam.
Vietnam has been growing rapidly, since the Đổi Mới (Renovation) initiative by the government in 1986 onwards. With a healthy 6.8 percent real GDP growth in 2017 over 6.2 percent in 2016, coupled with a low unemployment of just 2.2 percent, Vietnam is beating some of its neighbours in ASEAN and Asia Pacific (source: “Report for Selected Countries and Subjects”, imf.org, 2018-09-11).
With a rapid national growth, energy is a key sector and the national consumption is growing by more than 10 percent per year (source: “Vietnam’s Solar Energy is Developing Ahead of Expectations”, Global Markets International, 2019-04-21). The plastics industry is slated to grow between 14 percent to 16 percent in the coming years, with 2,000 companies processing plastics for packaging, building materials, and household items (source: “Vietnam’s Chemical Industry Suffers from Slow Refinery Expansion”, Global Markets International, 2019-02-11).
“The ICA Event series throughout Asia is a pivotal opportunity for many industry practitioners to congregate and share insights on important industrial automation best practices. With the burgeoning economy and industrialization of Vietnam, and the inflow of more human capital-intensive manufacturing into Vietnam, this is the perfect time for HIMA to introduce our Smart Safety solutions and best practices here,” said Friedhelm Best, Vice President, Asia Pacific, HIMA. “Around the world, the functional safety of turbines and compressors is becoming a focal point of many heavy industries. A small accident can have catastrophic consequences, endanger human lives, and incur high costs. The International Electrotechnical Commission reacts by introducing stricter safety standards – which can readily be met with a single system for safety and critical control. FlexSILon TMC ensures all turbomachinery runs safely.”
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