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Group 6 - Report - Hand Tools PDF
Group 6 - Report - Hand Tools PDF
SUBJECT:
INTERNATIONAL BUSINESS STRATEGY
Ordinal Level of
Full name Student code
number completion
1 Le Thi Thuy Duong 030633171226 100%
2 Vo Thuy Hang 030633170271 100%
3 Sai Ngoc Linh 030633171603 100%
4 Nguyen Thi Nhu Loc 030633170638 100%
5 Nguyen Thi Thu Thuy 030633171515 100%
6 Vo Thi Thanh Tuyen 030633171531 100%
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INTRODUCTION
Along with the development of the modern world, hand tools are becoming more and
more indispensable for people not only because of their compact design, combining many
useful features but also simple. to use. Understanding that importance, the industry of
hand tools is also growing to meet the needs of the times. From simple tools up to now,
people have combined techniques to create pneumatic and motorized tools. These tools
help to increase productivity and accuracy in work. However, the market for hand tools is
potentially a lot of inadequacies and challenges. Therefore, our group participated in the
"International Exhibition of Hardware and Hand Tools" - a gathering place of
international reputable international brands to learn about hand tools manufacturers in the
world. Understanding how they manufacture, distribute, penetrate the market as well as
participate in the global supply chain will be the basis for learning, researching and
seeking opportunities for Vietnam, enhance the competitiveness of domestic products on
the regional market and the world.
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TABLE OF CONTENTS
INTRODUCTION ............................................................................................................ iii
1. Overview of The International Exhibition of Hardware & Hand Tools 2019 ...... 1
2. Vietnam hand power tools market ........................................................................... 3
2.1 Introduction of hand tools ...................................................................................... 3
2.2 Vietnam’s hand tools industry ............................................................................... 5
2.3 Market evaluation of portable power tools in Vietnam ......................................... 6
2.4 Analysis of SWOT model of Vietnamese firms .................................................... 7
3. Businesses interviewed ............................................................................................... 8
3.1 Minh khang equipment joint stock company (MIKE) ........................................... 8
3.2 Gun - Jinhua City Prescott Import & Export Co. , Ltd .......................................... 9
3.3 Great Eagle Tools Manufacture Co., Ltd - Pliers, Wrenches .............................. 10
3.4 Cibon VINA Co., LTD ........................................................................................ 11
CONCLUSION ................................................................................................................ 12
REFERENCES ................................................................................................................ 13
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1. Overview of The International Exhibition of Hardware & Hand Tools 2019
Vietnam Expo in Ho Chi Minh City Ho Chi Minh City is a large-scale trade fair in
Vietnam, an important destination, a trade bridge for Vietnamese and International
businesses to meet, exchange business cooperation, and promote development. trade and
investment.
The goal of the organizers (Vinexad) this year is based on two factors, one is to
gather prestigious international brands in order to promote the attractiveness of the
domestic market thereby attracting investment, technology transfer, Collaborating on
building global supply chain. The second is to create an environment for improving
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domestic brands, helping to promote export development and stimulate the use of
domestic products.
The International Exhibition of Hardware & Hand Tools (HARDWARE & HAND
TOOLS EXPO) has been held in four consecutive years. The exhibition has the most
growth in scale and the most exciting transactions in the specialized exhibition chain. 400
booths (30% up compared to 2018) as the consequence of previous successful outcomes.
The Government has a long-term plan on developing the mechanics as foundation for
industrial development, in which the group of priority products will be mechanical
engineering, non-ferrous metals, spare parts, shipbuilding, new materials. The Hardware
& Hand Tools Expo is a good chance for accelerating further development of the
mechanical engineering industry in general and the competitiveness of local companies
demonstrating their inherent potentials. Top brands from Japan, Germany, Spain,
America, Europe, India, Taiwan, South Korea will be attractive for their qualities,
designs, features and durabilities. Hardware & Hand Tools 2019 received the registers of
more than 1,000 meet-ups in advance
The International Exhibition on Hardware & Hand Tools - Vietnam Hardware &
Hand Tools Expo is the first and only exhibition on hand tools & hardware in Vietnam.
As it supports the key industries, such as construction, automobile, road, shipbuilding,
aerospace, woodworking and retail to develop sustainably the exhibition is an absolute
must for professionals involved in tools, fasteners, DIY and building hardware, security,
locks and fittings. 250 enterprises from 20 different countries are supposed to present
their products to an audience of 6000 visitors. Seminars, business tours, presentations of
exhibitor groups as well as business matching programs are offered as well.
The exhibition emphasizes on 04 main sectors: Tools – DIY and Building Hardware
– Fasteners & Securities, Locks and Fittings. It will be an effective commercial
connection program to bridge the gap between sellers and buyers; to help buyers
cooperate more easily with sellers; to give buyers a chance to approach new technology,
new products; to seek ways in order to enhance production value, change opinions about
lifestyle and working methods. Moreover, it also provides an overview of the Vietnam
Hardware and Hand Tools industry for enterprises.
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Product groups: abrasives, air compressors, automotive supplies, building materials,
chemical products, clinch bolts, double-screw bolts, electrical supplies, furniture fittings,
garden tools, hand tools, ironmongery, keys, locks, machine tools, mechanical springs,
metalware, paint, power tools, screw bolts, screws, security equipment systems, welding
equipment, work protection, work safety, …
The HARDWARE & TOOLS Expo in Ho Chi Minh City took place from
Wednesday, 04. December to Saturday, 07. December 2019 in Saigon Exhibition and
Convention Center (SECC), 799 Nguyen Van Linh, Tan Phu Ward, District 7, Ho Chi
Minh City.
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Hand tools are useful tools, in addition to supporting the work in mechanics and
manufacturing, but also help repair in daily life, our daily life is more convenient. All the
work of fixing screws is achieved in your family, it will be easy with hand tools.
Product categories:
- Hand-held hand tools: Hammer, pliers, saw, knife, chisel tool, scissors, screwdriver,
other hand tools, ..
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- Hand tools using gasoline: Petrol & oil pressure gauge, Car repair tools, …
After participating in the exhibition, the group realized that currently there are many
different brands of hand tools in the Vietnamese market, each with its own unique
advantages and appropriate to each public purpose job. In particular, Hanoi and Saigon
are two big exciting markets with the hand tools business of big brands with many
construction projects growing.
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However, Vietnam's hand tools industry is still growing slowly, even lagging behind
other countries in the region, affecting productivity, quality and efficiency of the
economy. The industry has not had appropriate measures to protect and exploit the
domestic market. In addition, the level of production and business management of
Vietnamese enterprises is still low, not many enterprises reach the level of production and
business management near the 3rd industrial revolution period and very far from the 4th
industrial revolution. Besides, the investment in technological innovation of duplication,
dispersion, causing great waste and ineffective production and business ...
According to the statistics of the third quarter of 2019 on the Vietnamese market,
more than 60% of products and supplies originated from China, including famous brands
such as Bosch, Makita, Dewalt, Keyang, Ferm, Hikoki, VAC. ... so users should be
cautious when choosing to order cheap power tools at small supply stores. Especially,
one of the issues that is not new but has a significant impact on the reputation of these
brands is the fact that counterfeit goods are widely sold in the market without current
control.
Currently all product lines of power tools provided on the Vietnamese market are
imported from countries: Germany, Japan, China, Korea, USA, …
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2.4 Analysis of SWOT model of Vietnamese firms
STRENGTH WEAKNESES
- High creative ability, have many good - Poor level of science and technology
improvement ideas. compared to other countries.
- Young and studious human resources. - Limited capital.
- There are links with many foreign - Manpower with high qualifications is
branded companies lacking.
- Enterprises often do not have high
management capacity.
- Product quality is still low.
- Price is not competitive compared to Chinese
enterprises.
- No brand value yet.
- Not yet capable of producing finished
products, mainly importing products for
distribution or assembly.
OPPORTUNITIES THREATS
- The process of deeper and deeper - Many foreign businesses have a reputation to
international integration helps enterprises penetrate the Vietnamese market with quality
access and learn science and technology of products and competitive prices.
developed countries. - Although Vietnamese enterprises are
- The development of industries such as constantly improving the features, utilities and
automobile, oil and gas, construction ... has product quality, they still cannot participate in
led to a great demand for products of the global supply chain.
supporting industries such as hand tools. - Diversified demand of customers, which
- Get the attention and support of the makes Vietnamese businesses incapable of
Government as through the organization of meeting.
Harware & Handtools Expo.
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3. Businesses interviewed
3.1 Minh khang equipment joint stock company (MIKE)
Website: https://www.mike.vn
Product of Minh Khang Vinatools in The International Exhibition of Hardware & Hand
Tools 2019.
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3.2 Gun - Jinhua City Prescott Import & Export Co. , Ltd
Website: www.prescottools.com
Country: Mexico
Product of Gun - Jinhua City Prescott Import & Export CO. ,LTD
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3.3 Great Eagle Tools Manufacture Co., Ltd - Pliers, Wrenches
Website: https://leyn.en.alibaba.com
Country: Taiwan
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3.4 Cibon VINA Co., LTD
Website: http://www.cibontool.com/
Country: Taiwan
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CONCLUSION
The Hardware & Hand Tools Expo is a ripe time for further speeding up the
development of the mechanical engineering industry in general and increasing the
competitiveness of domestic enterprises, showing their inherent potential. The top brands
in the group of hand tools & power tools from Japan, Germany, Spain, USA, Europe,
India, Taiwan, South Korea, ... will be brands attracted by the quality. Quality, style,
features, durability.
Although this industry is quite new to Vietnamese businesses, it is hoped that the
exhibition will be an effective trade channel for buyers to easily find and exchange
cooperation with sellers, have opportunities to access. directly with new technologies and
products, and help the participating businesses have an overview of the Vietnam
Hardware and Hand Tools market.
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REFERENCES
http://hcm.vietnamexpo.com.vn/en/d/press-release
http://vinexad.com.vn/eng/index.php/news/13/d144/Vietnam-Hardware-and-
Hand-tools-Expo-2017.html
https://tinhte.vn/threads/danh-gia-thi-truong-dung-cu-dien-cam-tay-viet-nam-hien-
nay.3044813/
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