Hue told his guest that Mitsubishi Motors’ expansion in Vietnam will contribute to the country’s industrialization strategy within the framework of the Vietnam – Japan cooperation toward 2020 and he also extolled cooperation in auto and support industries as a priority in Vietnam-Japan relations.Hue also assured Vietnam’s willingness to offer optimal conditions for Mitsubishi Motors to undertake its projects in the country.He said by investing in Vietnam, the group will be able to take full advantage of local workforce and enjoy tariff incentives. If Vietnam increases its rate of locally made products to 40%, its exports to other ASEAN member states will enjoy zero tariff, he added. Kozo Shiraji for his part thanked the Vietnamese Government and the Ministry of Industry and Trade for their assistance, saying that Vietnam is one of key production hubs of his company in Southeast Asia with young and skilled workers. Mitsubishi Motors is looking for a suitable location to set up a US$250 million second factory in Vietnam with an annual manufacturing capacity estimated at 30,000 – 50,000 cars. The project is designed to stimulating the local socio-economic growth and share the possibility of future cooperation in eco-car production.
Steel manufacturer Zamil Steel Vietnam announced today the company is to open its second plant in Vietnam, aiming at market expansion in the country, a company official reported August 16. The second plant, which is to produce pre-engineered steel for construction facilities, is built in Amata Industrial Park of Dong Nai province, 35km from Ho Chi Minh City, and is to go into full operation in the first half of next year. The newly-built plant, with total investment capital of US$8 million, is designed with an initial monthly capacity of a thousand tons of pre-engineered steel. Zamil's first plant was…... [read more]
Samsung Electronics Vietnam will build a factory to produce and assemble mobile phones and hi-tech electronic products as part of a high-tech project in northern Thai Nguyen province. On February 6, a land lease was signed by Samsung and its Vietnamese partner for the implementation of the Samsung Hi-tech Consortium project in Yen Binh Industrial Zone. During the signing ceremony, Thai Nguyen province leaders appreciated the company's decision to invest in the region. The leaders requested departments, agencies and the district authorities to create favorable conditions to implement the project. It is the company's second plant in Vietnam. Samsung's existing…... [read more]
Italian scooter maker, Piaggio, held a groundbreaking ceremony for its second plant in Vietnam ’s northern province of Vinh Phuc on April 6. The groundbreaking ceremony The plant, which cost USD40 million, covers an area of 20,000 sq. m and is capable of 100,000 scooters a year, according to Piaggio Chairman and Chief Executive Officer, Roberto Colannino.The plant is expected to raise its capacity to 300,000 scooters by mid-2012.Piaggio established its first plant in Vietnam in June 2009. The USD30 million plant churns out about 100,000 scooters a year.Piaggio is the fourth largest producer of scooters and motorcycles in the…... [read more]
Hue told his guest that Mitsubishi Motors’ expansion in Vietnam will contribute to the country’s industrialization strategy within the framework of the Vietnam – Japan cooperation toward 2020 and extolled cooperation in auto and support industries as a priority in Vietnam-Japan relations. Hue also assured Vietnam's willingness to offer optimal conditions for Mitsubishi Motors to undertake its projects in the country.He said by investing in Vietnam, the group will be able to take full advantage of local workforce and enjoy tariff incentives. If Vietnam increases its rate of locally made products to 40%, its exports to other ASEAN member states will…... [read more]
Osamu Masuko, chief executive officer at Mitsubishi Motors Corp., announced the corporation’s plans to increase capital in Vietnam as well as pushing green designs in the Vietnamese automobile market at a July 19 meeting with Prime Minister Nguyen Xuan Phuc and leaders of the Ministry of Industry and Trade. The company is looking forward to further investments in modern assembling technology and selling electric vehicles in Vietnam, which would contribute to the country’s environmental protection efforts, according to its announcement.Osamu Masuko revealed that a Nissan-Mitsubishi joint venture plans to build a plant in Vietnam, with intentions to scale up investments…... [read more]
