Big names ready to enter Vietnam

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welcome-to-vietnamMore and more multinational corporations and global investors are looking to invest in Vietnam despite the country’s current economic uncertainties in the banking sector and the real estate market.

Among the big names are Japan’s Panasonic, which has said it plans to build a factory making wiring devices and electrical switches in the southern province of Binh Duong at an investment of $40 million to be completed by 2014. The scale of the factory is expected to double by 2018, while the products would be exported to Thailand and Japan. In late 2013, Panasonic announced that it also was moving ahead with the project on a detergent manufacturing factory in Vietnam.

French retailer Auchan has returned to Vietnam with the decision to invest $500 million in the market within 10 years and setting up retail outlets in the urban centers all over the country.

The world’s biggest brewer Anheuser-Busch InBev, which holds 25 per cent of the global beer market share, is also on the doorsteps and wants to set up production facilities by 2014 to compete with its big rivals including Carlsberg, Heineken and SABMiller which are all present with their brands in Vietnam.

South Korea’s Samsung has begun construction of the world’s biggest mobile phone factory in Thai Nguyen province, its second mobile phone factory in the country which plans to hire 2,000 workers. The site is the first part of a high-tech complex worth $3.2 billion.

There is also confidence that a mammoth oil refinery project suggested by Thailand’s oil group  PTT will go ahead. If implemented, this would be a project with an investment value of $27 billion.

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Reading Time: 1 minute

More and more multinational corporations and global investors are looking to invest in Vietnam despite the country’s current economic uncertainties in the banking sector and the real estate market.

Reading Time: 1 minute

welcome-to-vietnamMore and more multinational corporations and global investors are looking to invest in Vietnam despite the country’s current economic uncertainties in the banking sector and the real estate market.

Among the big names are Japan’s Panasonic, which has said it plans to build a factory making wiring devices and electrical switches in the southern province of Binh Duong at an investment of $40 million to be completed by 2014. The scale of the factory is expected to double by 2018, while the products would be exported to Thailand and Japan. In late 2013, Panasonic announced that it also was moving ahead with the project on a detergent manufacturing factory in Vietnam.

French retailer Auchan has returned to Vietnam with the decision to invest $500 million in the market within 10 years and setting up retail outlets in the urban centers all over the country.

The world’s biggest brewer Anheuser-Busch InBev, which holds 25 per cent of the global beer market share, is also on the doorsteps and wants to set up production facilities by 2014 to compete with its big rivals including Carlsberg, Heineken and SABMiller which are all present with their brands in Vietnam.

South Korea’s Samsung has begun construction of the world’s biggest mobile phone factory in Thai Nguyen province, its second mobile phone factory in the country which plans to hire 2,000 workers. The site is the first part of a high-tech complex worth $3.2 billion.

There is also confidence that a mammoth oil refinery project suggested by Thailand’s oil group  PTT will go ahead. If implemented, this would be a project with an investment value of $27 billion.

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