Vietnam is fast emerging as an international production hub for medical gear and PPE COVID-19 has been the doom of many a production sector. However, some have been put into a favourable position and have been rising to prominence to attract great flows of foreign investment. One of these sectors is medical mask and PPE production, an area where Vietnam is now recognised as a reputable supplier. Matsuoka Corporation, one of 30 companies that have just received support from the Japanese government to leave China, has decided to move operations to Vietnam. According to NNA Business News, a representative of Matsuoka Corporation said that the corporation will pour around $28 million into An Nam Matsuoka Garment Co., Ltd., a Vietnamese subsidiary, to set up a new facility to produce protective wear and other items in the coming months. Matsuoka Corporation established the subsidiary in last November, before the COVID-19 outbreak, as part of the corporation’s plan to diversify production locations in Southeast Asia (supplementing existing production in Indonesia, Myanmar, Bangladesh). The new factory of An Nam Matsuoka Garment is based in VSIP Nghe An and is the fourth facility of Matsuoka Corporation in Vietnam, after the ones in Phu Tho,… Read full this story
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