Panasonic Vietnam will consider investing more in the country in the future, General Director Eiji Fukumori said at a ceremony in Ho Chi Minh City on January 7.
Ho Chi Minh City (VNA) – Panasonic Vietnam will consider investing more in the🌱 country in 🍸the future, General Director Eiji Fukumori said at a ceremony in Ho Chi Minh City on January 7 to unveil the new-generation FSV – EX air conditioning system.
According to Fukumori, Vietnam’s household electronics market is very promising thanks to a young population, socio-political stability, massive influxes of foreign direct investment and an estimated economic growth of 6.6 percent for this year.
As a member of the Trans-Pacific Partnership and the ASEAN Economic Community, Vietnam will be among countries that benefit most, he said, adding that Panasonic targets to become the fastest-growing company in the consumer electronics sector by 2020 by tapping Vietnam’s advantages over joining a number of free trade agreements.
With such forecasts, Panasonic looks to earn 6 billion USD from global air conditioning sales by March 2019. In which Japan market account for 40%, the rest 60% are other countries. In asia, Vietnam is the second biggest market, just after Indonesia.
Last year, Panasonic’s sales of air conditioners for business use in Vietnam grew by approximately 151 percent, behind Malaysia (170 percent).-VNA
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Vietnam's electronic industry has attracted 10 billion USD in FDI capital from big names like Samsung, Foxconn, LG, Panasonic and Intel, according to the Foreign Investment Agency.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
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Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
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The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
At the ceremony (Source: Panasonic)
