REPORT ON THE INDUSTRY MARKET FOR HAND TOOLS AND SIGHTSEEING THE INTERNATIONAL EXHIBITION OF HARDWARE HAND TOOLS 2022

BANKING UNIVERSITY OF HO CHI MINH CITY

SUBJECT :
INTERNATIONAL BUSINESS STRATEGY

REPORT ON THE INDUSTRY/ MARKET FOR
HAND TOOLS AND SIGHTSEEING
“THE INTERNATIONAL EXHIBITION OF HARDWARE
& HAND TOOLS 2022”

Ho ChiMinh City
, 4/2022


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 International Trade Fair - VIETNAM EXPO is assigned by the Government
and assigned by the Ministry of Industry and Trade (Trade Promotion Department), in
coordination with ministries, branches and localities, trade promotion organizations and
Vinexad Company. held annually in Hanoi since 1991. Over 28 years, VIETNAM EXPO
has become one of the largest-scale trade promotion activities and has important
implications for the Industry and Trade of Vietnam when creating. "resonate" with
international friends and domestic businesses.

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 domestic
brands, helping to promote export development and stimulate the use of domestic
products.
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Participating in the exhibition is an opportunity for the company to approach
Vietnamese and international manufacturers, businesses as well as to develop together in
the field of tools and machines.
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.
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, …
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Industry sectors: Industry, Machine Construction, Metalware, Tools, …
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.

2. Vietnam hand power tools market
2.1 Introduction of hand tools
Along with the development of modern, hand tools have become indispensable items

in every household. With its compact design, incorporating many useful features yet
simple to use, hand tools have become familiar in the family work, and increasingly
improved maximum usability, especially shape. From the rudimentary instruments tools,
bulky, heavy, measuring, cutting, planing devices may be combined into a compact
product, which fits within the reach of the user.
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 power tools: Drilling machines, cutters, chisels, screwdrivers, milling machines,
sanding machines, grinders, polishing machines, car wash machines, etc.
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-

Hand-held hand tools: Hammer, pliers, saw, knife, chisel tool, scissors, screwdriver, other
hand tools, ..

-

Hand tools using gasoline: Petrol & oil pressure gauge, Car repair tools, …

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2.2 Vietnam’s hand tools industry
Industrial Revolution 4.0 (Industry 4.0) and global supply chain are the key concepts

that are mentioned in the development model of mechanical engineering today. In
particular, downstream industry including home appliances and tools is a large segment
including: Tools in the electricity - pneumatic - maintenance, repair - grinding - polishing
materials - cutting - solder; metal construction and DIY; production equipment and
machinery; reinforced components such as bolts and screws of all kinds - rivets,
mechanical springs ... It is also the main category of products presented at Hardware &
Hand Toosl Expo 2019.
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.
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
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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 ...
2.3 Market evaluation of portable power tools in Vietnam
The market for portable power tools in Vietnam in recent years has been quite
exciting as the price competition among brands of tools and supplies has become
increasingly fierce. With many brands providing power tools in the Vietnamese market
from high-end to mid-range, low-cost products, users can easily choose for construction
works, industrial zones of digital machinery. large amounts. Currently on the market,
brands providing high-class power tools, good product quality and durability include:

Bosch - Germany, Hikoki - Japan, Keyang - Korea, Dewalt - USA, Ferm - Netherlands,
VAC - China ... however the price is quite high compared to the market price. Meanwhile,
the product lines from China always have attractive prices although the quality is not
appreciated, low durability, does not guarantee a safe level when used. This explains why
the high-end product lines have had a large consumption market in recent years.
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 Poor level of science and technology
good improvement ideas.
compared to other countries.
Young
and
studious
human Limited capital.
Manpower with high qualifications is
resources.
There are links with many foreign lacking.

Enterprises often do not have high
branded companies
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
international integration helps enterprises reputation to penetrate the Vietnamese market
access and learn science and technology of with quality products and competitive prices.
Although Vietnamese enterprises are
developed countries.
The development of industries such constantly improving the features, utilities and
as automobile, oil and gas, construction ... product quality, they still cannot participate in
has led to a great demand for products of the global supply chain.
supporting industries such as hand tools.
Diversified demand of customers,
Get the attention and support of the which makes Vietnamese businesses incapable
Government as through the organization of of meeting.
Harware & Handtools Expo.

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3. Businesses interviewed

3.1 Minh khang equipment joint stock company (MIKE)
Website:
Country: Viet Nam

Product of Minh Khang Vinatools in The International Exhibition of Hardware & Hand
Tools 2019.

3.2 Gun - Jinhua City Prescott Import & Export Co. , Ltd
Website: www.prescottools.com

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Country: Mexico

Product of Gun - Jinhua City Prescott Import & Export CO. ,LTD
3.3 Great Eagle Tools Manufacture Co., Ltd - Pliers, Wrenches
Website:
Country: Taiwan
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Product of Great Eagle Tools Manufacture Co., Ltd - Pliers, Wrenches

3.4 Cibon VINA Co., LTD
Website: />Country: Taiwan

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Product of Cibon VINA Co., LTD
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,
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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
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