Panasonic opens its new washing machine

HUNG YEN (VNS)— Panasonic Appliances Viet Nam Co, Ltd opened a washing machine factory in Thang Long Industrial Park II, Yen My District, Hung Yen Province yesterday. The US$32 million factory, fully funded by Panasonic Corporation, is the first in Viet Nam that integrates Research and Development (R&D) with manufacturing. The factory will manufacture around 300,000 sets of washing machines in 2013. Its manufacturing capacity will double to 600,000 sets of washing machines yearly and … [Read more...]

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Thang Long Industrial Park II -Important Highlighted Location to Attract Investors to Hung Yen

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Thang Long Industrial Park II is invested by Thang Long Industrial Park II Corporation (TLIPII), a subsidiary of Sumitomo Corporation, a capable and experienced enterprise which invested and developed many industrial park infrastructure projects worldwide. Thang Long Industrial Park II is highly appreciated by the Hung Yen province Communist Party Committee, People's Committee leaders as well as the concerned authorities for its effort to complete fully infrastructure, provide services, and … [Read more...]

Panasonic Inaugurates New Washing Machine Factory in Vietnam

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Panasonic Appliances Vietnam Co., Ltd (PAPVN) on 20th March inaugurated its new washing machine factory in Thang Long Industrial Park II, Yen My district, Hung Yen province. The US$32 million factory, fully invested by Panasonic Corporation, is the first in Vietnam that integrates Research and Development (R&D) function with its manufacturing business. The new factory will focus on the development of high performance washing machines which incorporates Panasonic's advanced eco and smart … [Read more...]

Sumitomo Increases Investment in Vietnam

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On March 1, 2013 at the VCCI head office, President Vu Tien Loc of the Vietnam Chamber of Commerce and Industry (VCCI) hosted a meeting with Mr Nakamura, President of Sumitomo Corporation of Japan, during his visit to Vietnam for the commemoration of the 40th anniversary of Vietnam - Japan relations. Mr Nakamura said Sumitomo highly values Vietnam as it is the most important and attractive market for Japanese businesses. Many Japanese companies place strong expectations in Vietnam’s economic … [Read more...]

BUSINESS IN BRIEF 21/12

Power project receives credit for implementation A credit contract, worth 3.3 trillion VND (160 million USD), for a 500 kilovolt power transmission project was signed on December 19 in Hanoi. The contract was signed between the State-owned Vietnam Electricity's Power Transmission Corp and the Bank for Industry and Trade of Vietnam ( Vietinbank) - Hanoi branch. The credit will fuel the 500 kV Pleiku-My Phuoc-Cau Bong project, which is part of the Government's national grid development master … [Read more...]

Kyocera seeks tax incentives

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Japan's Kyocera Corporation is seeking support from Vietnam's Ministry of Industry and Trade for tax incentives granted to a supporting industry enterprise. Vietnam Kyocera Company, a wholly-owned subsidiary of Kyocera Corporation, recently sent a proposal to the Ministry of Industry and Trade (MoIT) saying that its manufacturing project in northern Hung Yen province should be recognised as a supporting industry enterprise, given that its products are surface mount devices (SMD). … [Read more...]

Sumitomo Osaka Cement powers up battery

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Sumitomo Osaka Cement Co Ltd (SOC) cut the ribbon on its first battery material plant in Yen My district, northern Hung Yen province on November 30. The 5 billion JPY (US$62.5 million ) plant is specialised in manufacturing cathode materials for lithium ion batteries, an essential material in the energy revolution. … [Read more...]

Sumitomo Osaka Cement powers up battery plant

HUNG YEN (VNS)— Sumitomo Osaka Cement Co Ltd (SOC) cut the ribbon on its first battery material plant in Yen My District, northern Hung Yen Province yesterday. The JPY5 billion (US$62.5 million) invested plant is specialised in manufacturing cathode materials for lithium ion batteries, an essential material in the energy revolution. "The new plant in Viet Nam will provide a solid foundation to expand our lithium-ion battery cathode material business throughout the region and wider world," said … [Read more...]

Door to open for more industrial park options in the northern economic engine

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Japan's Sumitomo Corporation will expand Thang Long Industrial Park II for foreign investors seeking a place to drop anchor in Vietnam. The Thang Long park is already home to many profitable operators Deputy Prime Minister Hoang Trung Hai on December 29, 2011 signed a document allowing Hung Yen Provincial People's Committee to hand over 125.6 hectares to Thang Long Industrial Park II Corporation, a subsidiary of Sumitomo Corporation, for developing the second phase of the industrial park in … [Read more...]

Japan’s green brush to paint eco picture

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Sustainable development, environment protection and green technologies are being championed by Japan to address Vietnam's eco challenges. Building a green economy is now Vietnam's top priority Co-organised by the Vietnam Chamber of Commerce and Industry, Business Council for Sustainable Development and Japan Economic Times, the "Global environment business - Environment Technology Cooperation between Vietnam and Japan" centred a range of big Japanese enterprises. Those firms are operating … [Read more...]