1. Research and develop strategies, policies, development plans, economic and technical norms, regulations, standards, and technical specifications for the mechanical engineering and automation industry;

2. Research, development, application, and transfer of mechanical engineering and automation technology; new energy and renewable energy;

3. Design, manufacture, installation, maintenance, operation, and transfer of machinery and equipment as part of technological lines in the industrial sector and other economic sectors;

4. Training technical workers; providing undergraduate, postgraduate, and advanced training, improving the management and operational skills of production and business enterprises, and enhancing the expertise of scientific and technological personnel;

5. 5. Assessing, inspecting, and quality control of technological process design, scientific works, and specialized industrial equipment, machinery, and spare parts;

6. Organizing scientific and technological information activities and economic activities in the mechanical engineering - automation sector and other related sectors;

7. Cooperating in scientific research, technology transfer, joint ventures, partnerships, and providing scientific and technological services in the field of mechanical engineering - automation with organizations and individuals domestically and internationally;

8. Manufacturing, trading, wholesaling, and retailing spare parts, machinery, and complete equipment belonging to technological processes in the industrial sector and other economic sectors; Specifically:

+ Building materials manufacturing industry;

+ Energy industry, including: thermal power, hydropower, nuclear power, new energy and renewable energy;

+ Oil and gas extraction, mineral extraction, mineral processing and metallurgy;

+ Agricultural, forestry and aquatic product processing industry; Textiles, paper, fertilizers, chemicals;

+ System and equipment solutions for the environmental and urban sectors;

+ Electrical industry, electrical automation, robotics, artificial intelligence;

+ Transportation equipment for waterways, roads, railways, aviation, river ports, and seaports;

+ Conveyor belt, pipe, screw conveyor machines and equipment, and various lifting and lowering machines and equipment;

+ Installation and upgrading of equipment systems belonging to the technological lines of industrial sectors;

9. Consulting, design, construction, and installation of equipment and measurement and control systems for industrial, agricultural, and environmental projects.

10. Architectural design, design and construction of civil, industrial, agricultural and environmental works;

11. Investment in infrastructure development; office leasing;

12. Import and export of goods and technology;

13. Design, supervision, and construction of civil, industrial, agricultural and environmental works in the field of equipment installation, technological equipment, measurement and control equipment, and production line systems;

14. Investment consulting, preparation and appraisal, verification of investment project dossiers, technical design dossiers, construction drawings, economic and technical reports, total investment cost, total budget;

15. Project management consulting, construction investment cost management including: total investment, construction cost estimate, construction norms and prices;

16. Consulting on bidding, preparing tender documents, determining the bid price;

17. Organizing construction of works: irrigation, hydropower, renewable energy, transportation, industrial parks, parks, urban areas, water supply and drainage works, cultural works…;

18. Quality inspection of works, inspection and calibration of measuring and testing equipment and instruments;

19. Inspection and certification of structural safety and conformity of works quality;

20. Inspection, testing, assessment, and evaluation: Mechanical, physical, chemical, and non-destructive testing (NDT) for various materials, equipment, industrial, agricultural, and environmental products;

21. Testing and evaluating the energy efficiency of electrical machinery and equipment;

22. Evaluating welding processes and welders;

23. Diagnosis, assessment, and analysis of equipment condition;

24. Other scientific and technological, production and business, service, and professional activities in accordance with the Institute's capabilities, market demand, and permitted by law;

25. Implementing financial autonomy and managing and utilizing assets in accordance with current laws; 25. Implement the financial and accounting regime in accordance with the law and the delegation of authority from the Ministry of Industry and Trade;

26. Issue internal management regulations and rules; implement the information and reporting regime and be subject to inspection and supervision by the Ministry of Industry and Trade and relevant ministries and agencies in accordance with the law;

27. Recruit, manage, utilize, train, develop, and promote professional titles; implement policies and regulations; send managers, officials, and employees abroad in accordance with the law and the delegation of authority from the Ministry of Industry and Trade;

28. Establish subordinate units according to the organizational structure approved by the Ministry of Industry and Trade; appoint and dismiss leadership positions and decide on personnel matters in accordance with the law and the delegation of authority from the Ministry of Industry and Trade;

29. Enjoy the incentives for scientific and technological activities and business production as stipulated in the Law on Science and Technology and other legal documents;

30. Perform tasks as assigned by the Ministry of Industry and Trade and other tasks as prescribed by law.