Major Japanese factory opens in Dong Nai

The Lixil Vietnam Global Manufacturing Co. Ltd under Japan's Lixil Corporation on January 8 inaugurated a new factory at Long Duc industrial zone in the southern province of Dong Nai following 20 months of construction. Covering an area of 55 hectares, the 440 million USD factory, producing aluminum and plastic doors, windows and frames, is the Lixil Corporation's largest project in Vietnam and the biggest from Japan operating in Dong Nai. It is expected to create jobs for about 2,000 labourers. According to Chairman of the provincial People's Committee Dinh Quoc Thai, in recent years the province enjoyed an increase in the number of Japanese investors. In 2013, the money Japanese investors poured into Dong Nai accounted for 30 percent of more than 1.6 billion USD in foreign direct investment of the province. He affirmed that Dong Nai will make the best conditions for investors to do effective business in the locality.-VNA … [Read more...]

NS BlueScope’s stainless reputation

Forged through a partnership between Japan's Nippon Steel & Sumitomo Metal Corporation and Australia's BlueScope Steel Limited, and with 20 years of operations in the Vietnamese market, NS BlueScope Vietnam has developed a reputation as a global steel industry brand. NS BlueScope Vietnam's steel structures are employed in the Nippon Sheet Glass (NSG) manufacturing plant in the southern province of Dong Nai Two decade old foreign player Entering the global steel industry back in 1915, BlueScope Steel has grown into a galvanised steel manufacturing leader in the Asia-Pacific region. The group first set foot into the Vietnamese market via the Lysaght-branded galvanised steel manufacturing plant in the southern province of Dong Nai in 1993, a move followed by a second plant in the northern province of Ha Tay in 1996. In 2003, the group poured $105 million into building a plant manufacturing galvalum and coated steel structures at the Phu My 1 Industrial Park in the southern … [Read more...]

BUSINESS IN BRIEF 6/7

SBV secures loan for new metro lineThe Asian Development Bank will provide a loan package of US$500 million for HCM City to build its Metro Line No 2 (MRT2).An agreement to this effect was signed yesterday by representatives of the ADB and the State Bank of Viet Nam (SBV).This is the second loan package for construction of a 11.3-km section of MRT2, which will run from Ben Thanh Market in District 1 through Tan Son Nhat Airport to Tham Luong in District 12. The section will have 11 stations.Nguyen Huu Tin, Deputy Chairman of the HCM City People's Committee, said MTR2 will be 20km long in total, starting from the Thu Thiem Area in District 2 and ending at the Tay Ninh Bus Station.Construction of the line will be undertaken in two phases. The first one will cover the section from Ben Thanh Market to Tham Luong; and the second will cover two sections - from Ben Thanh to Thu Thiem and Tham Luong to the Tay Ninh Bus Station, said Tin. The first phase requires an investment of around $1.38 … [Read more...]

BUSINESS IN BRIEF 21/5

Exports to India rise sharplyApril's two-way trade turnover between Vietnam and India hit US$498.4 million, up 77.7 percent compared to the same period last year.The General Department of Vietnam Customs reports that Vietnam's exports to India hit US$247.8 million, an increase of 105 percent, while imports from India rose 57.7 percent to US$250.6 million.As a result, the trade deficit declined by 91.7 percent.Overall bilateral trade value in the first four months of this year totalled US$1.8 billion, a year-on-year increase of 48.8 percent.During this period, Vietnam's exports to India were valued at US$780.2 million, an increase of 71 percent. The US$1.024 billion worth of imports from India represents an increase of 35.4 percent.The trade deficit has fallen by 8.7 percent.Hanoi exhibition promotes energy conservationThe fifth Hanoi international Energy Technology and Environment exhibition (Entech Hanoi 2013) will be held in the Vietnam Exhibition Centre from May 29-31.One hundred … [Read more...]

BUSINESS IN BRIEF 18/5

Mortgage loan for social housing touches 6%The State Bank of Viet Nam and the Ministry of Construction on May 15 issued Circular 11 announcing an annual interest rate of 6% for loans used to purchase social houses.Under Circular 11, which guilds the implementation of Government Resolution 02 on solutions to remove difficulties against production and business, support the market and deal with non-performing loans, social house buyers' financing will have a maturity of ten years.The central bank will use VND 30,000 billion (US$1.5 billion) to support the five commercial banks which were selected to undertake the loans in 36 months since Circular 11 takes effect on June 1, 2013.The Circular stipulates that the State Bank of Viet Nam will yearly define and publish preferential lending interest rate for the upcoming years in December, which is required to be equal to half of the average lending interest rate in the market but less than 6% per year.The move aims to support those who want to … [Read more...]

Japan’s medical device manufacturer continues investment in Vietnam

Terumo Corporation, a Japanese global medical device manufacturer, was just licensed to build a medical device manufacturing plant in the Long Duc Industrial Park in Dong Nai Province. The plant, with the total investment of US$98.9 million, will be built on an area of 10 ha. It will produce around 9 million of blood containing bags per year and 1.2 million of automated one-time blood collectionkits which can be exported to South Asia, Europe and the US. The project is expected to come into operation in the second quarter of 2015. It is the second project of Terumo Corporation in Viet Nam after the first one in Ha Noi, worth US$19.5 million. The Long Duc Industrial Park has attracted investment from a number of Japanese investors, specially the investment of US$441 million from Lixil Corporation. … [Read more...]

Japan’s medical device manufacturer continues investment in VN

VGP - Terumo Corporation, a Japanese global medical device manufacturer, was just licensed to build a medical device manufacturing plant in the Long Duc Industrial Park in Dong Nai Province. Illustration photo The plant, with the total investment of US$98.9 million, will be built on an area of 10 ha. It will produce around 9 million of blood containing bags per year and 1.2 million of automated one-time blood collectionkits which can be exported to South Asia, Europe and the US. The project is expected to come into operation in the second quarter of 2015. It is the second project of Terumo Corporation in Viet Nam after the first one in Ha Noi, worth US$19.5 million. The Long Duc Industrial Park has attracted investment from a number of Japanese investors, specially the investment of US$441 million from Lixil Corporation. By Thuy Dung … [Read more...]

Japan’s Lixil starts new factory

Lixil Corporation, a leading Japanese housing equipment and building materials manufacturer, started its new plant construction in Long Duc Industrial Park in southern Dong Nai province last week. The plant, capitalised at $441 million, covers 55 hectares and is expected to employ 2,000 workers after it goes into operation in November 2013. The Lixil's project was licenced by Dong Nai Provincial Industrial Zones Management Authority (DIZA) in April 2012. Lixil's plant would produce aluminum and plastic products including sashes, doors and exterior for residential and commercial buildings. This will become the fifth plant of Lixil in Vietnam. The four remaining plants are located in southern Binh Duong and Ba Ria-Vung Tau provinces, Hanoi and central Quang Nam province and have about 3,000 employees. Lixil at present has the largest share in the Vietnamese sanitary ware market, holding two brands of American Standard and INAX, according to Lixil. "In collaboration with Tostem Thai … [Read more...]

Japan invests in Dong Nai

HA NOI (VNS)— Construction of a Japanese-invested building material factory kicked off on Thursday in Long Duc Industrial Zone in the southern province of Dong Nai. The Lixil Viet Nam Global Manufacturing Co Ltd under Japan's Lixil Corporation is building the factory with a total investment of US$441 million. The factory will produce resin and aluminium products, including sashes, doors, windows and frames. It is the Lixil Corporation's largest project in Viet Nam and Japan's biggest project in Dong Nai Province. Kawamoto Yuichi, deputy general director of the Lixil Corporation, said Lixil aimed to expand into new business sectors in Viet Nam during the next 10 years. Morita Nguyen, business director of the Lixil Inax Viet Nam Co Ltd, said the corporation started business operations in Viet Nam 15 years ago and now has seven building material factories nation-wide. The factory in Dong Nai is expected to begin operations in 2013 to supply building materials for the domestic … [Read more...]

Construction starts on Lixil building material factory

HA NOI (VNS) - Construction of a Japanese-invested building material factory kicked off yesterday in Long Duc Industrial Zone in the southern province of Dong Nai. The Lixil Viet Nam Global Manufacturing Ltd Company under Japan's Lixil Corporation is building the factory with a total investment of US$441 million. The factory will produce resin and aluminium products, including sashes, doors, windows and frames. It is the Lixil Corporation's largest project in Viet Nam and Japan's biggest project in Dong Nai Province. Kawamoto Yuichi, deputy general director of the Lixil Corporation, said Lixil aimed to expand into new business sectors in Viet Nam during the next 10 years. Morita Nguyen, business director of the Lixil Inax Viet Nam Ltd Company, said the corporation started business operations in Viet Nam 15 years ago and now has seven building material factories nation-wide. The factory in Dong Nai is expected to begin operations in 2013 to supply building materials for the … [Read more...]

Dong Nai lures another large-scale project of Japan

Quoc Hung This will be the second project of Terumo in Vietnam after the factory worth US$19.5 million in Hanoi was put into service. The new plant in Dong Nai will cover 10 hectares. Set for operation in the second quarter of 2015, the factory will mainly produce blood bags (9 million units per year) and disposable automated blood sampling devices (1.2 million units per year). The targeted markets of the Japanese firm are Southeast Asia, Europe and the U.S. This has been the fourth foreign direct investment (FDI) project in Long Duc Industrial Park since it got off the ground six months ago, and all of them are Japan-invested. In the year to date, many Japanese firms have come to industrial parks in Dong Nai to seek investment opportunities, said industrial park infrastructure developers. Nhon Trach 3 Industrial Park, for example, has welcomed 40 Japanese business delegations. Bo Ngoc Thu, director of the Dong Nai Department of Investment and Planning, said Japanese investment … [Read more...]

BUSINESS IN BRIEF 2/8

FIEs expand investment while fresh FDI funds tumble Foreign-invested enterprises (FIEs) further expanded their investments in Vietnam in the year to date, offsetting a sharp fall in the flow of fresh foreign direct investment (FDI) in the period, said the Foreign Investment Agency. In the January-July period, up to 231 operational FIEs registered an additional US$2.83 billion, an increase of 5.2% year on year, while fresh FDI capital in the period totaled only US$5.2 billion, plunging over 44%. The aggregate FDI in the seven months totaled US$8.3 billion, still a fall of 33% from the year-earlier period, according to the agency under the Ministry of Planning and Investment. Experts said the strong flow of FDI into operational projects is a bright spot in the picture of the country's FDI attraction. It is noted that the Ministry of Planning and Investment aware of difficulties in competing for FDI with other countries have repeatedly said it this year shifts focus to FDI capital … [Read more...]

BUSINESS IN BRIEF 22/7

ITC spends VND600 billion to buy cranes International Transportation and Trading Joint Stock Co. (ITC) on Wednesday signed a contract worth some VND600 billion with Germany's Kocks Krane and Finland's Cargotec to buy cranes for ITC International Port located in HCMC's District 9. Under the contract, the foreign partners will supply 40-ton Ship To Shore (STS) cranes produced by Kocks Krane and Rubber Tire Gantry (RTG) cranes of the same capacity. According to ITC, these machines are of the 'green technology,' friendly to the environment and totally run on electricity instead of DO oil. Besides, they can generate electricity and reduce the energy consumption by over 30%, creating the competitive advantage for the port with low costs. In the plan's first phase, ITC will buy four STS cranes and eight RTG ones with half of these products handed over in next year's first quarter to ensure the operating schedule of the port. Having an investment of over US$180 million, the port started … [Read more...]

Lixil to start works on US$450-million factory soon

"Construction works on the factory will kick off late this year and it is set for completion within the next three to five years," said Morita Nguyen, sales director of Inax Corporation in Vietnam, one of Lixil's owners. Lixil Corporation is a consortium of five Japanese companies including Inax Corporation, Tostem Corporation, Shin Nikkei Co., Ltd, Toyo Exterior Co., Ltd and Sunwave Corporation. Lixil has been given the green light by Dong Nai Province authorities to develop a 55-hectare factory which produces building materials, housing equipment and interior furnishing materials. It is situated in Long Thanh District's Long Duc Industrial Zone. Morita stated Lixil is committed to constructing the facility on schedule given current tough economic conditions. "We believe in such huge potential markets in Asia, including Vietnam," he said. Dong Nai has been chosen as the venue for Lixil factory since the corporation surveyed the location across regional countries three years ago. … [Read more...]

Japanese join IP development

Joining hands with local partners Mizuho Bank and Chodai Corporation are working with the authority of Hiep Phuoc Industrial Park in Nha Be District on developing an IP to serve Japanese firms in HCMC. The project is still under negotiation, but it is said to follow the development orientation of the city. Earlier this year, the HCMC Exporting Processing and Industrial Zones Authority (Hepza) proposed a plan to establish an IP specializing in supporting industries with a priority to lure Japanese investors. With such an orientation, Hepza is seeking Japanese partners who are financially capable and experienced in industrial development to join the establishment of the aforesaid specialized IP. Meanwhile, in the north, N&G Group and Shimizu Corp. have recently signed an agreement on building the first supporting industries park in Hanoi at a total cost of nearly US$1 billion. Under the agreement, Shimizu will join N&G to develop the Southern Hanoi Supporting Industries … [Read more...]

Japan group builds materials plant

DONG NAI — LIXIL Corporation, a global leader in housing equipment and building materials, was licensed earlier this week by the southern province of Dong Nai to build a US$410 million plant. Based at the Long Duc Industrial Zone, the factory aims to produce construction materials, office and housing equipment, and interior decoration items. The plant will be constructed this autumn. LIXIL Corp's productivity is expected to rise by 10 per cent because the plant expects to export its products to Japan and other Asia-Pacific countries.-VNS … [Read more...]

Japanese group builds US$410 mln factory in Dong Nai

LIXIL Corporation, a global leader in housing equipment and building materials, on April 10 was licensed to build a US$410 million factory in the southern province of Dong Nai. Japanese food group enters Vietnamese market The factory aims to produce building materials, office and housing equipment, and interior decoration items. The project is expected to raise LIXIL Corp's productivity by 10 percent. Its products will be exported to Japan initially, and then to countries throughout the Asia-Pacific region. Dinh Quoc Thai, Chairman of the Dong Nai provincial People's Committee, said the project will help develop the province's industry and increase investment potential between Vietnamese and Japanese businesses. LIXIL Corp now possesses many famous trade names in the field of construction, such as INAX, Tostem, Sun Wave, TOEX and Shin-Nikkei. … [Read more...]

Japanese organisations bring safe water to Hoa Binh local people

Seed To Table (STT), a non-profit organisation in collaboration with LIXIL Corporation, both from Japan, has conducted a public campaign to bring safe water to people in Phu Vinh commune, Tan Lac district, in the northern mountainous province of Hoa Binh. The campaign aims to raise public awareness of the need to protect water resources and use simple water filters. LIXIL, which specialises in building materials and housing equipment, will coordinate with STT to help pupils learn about the environment and local natural resources. According to Chiemi Kumazaki, LIXIL Group Representative, people can use homemade sand, gravel and coal filters to treat water and reduce bacteria. VOVOnline/VNA … [Read more...]

Japanese organisation brings safe water

Seed To Table (STT), a non-profit organisation in collaboration with LIXIL Corporation, both of Japan, has conducted a public campaign to bring safe water to people in Phu Vinh commune, Tan Lac district, in the northern mountainous province of Hoa Binh. (photo for illustration only. Source: baovequyentreem) The campaign aims to help to raise awareness of protection of water resources and how to make simple water filters to ensure safe water for daily needs. LIXIL, which specialises in building materials and housing equipment, will coordinate with STT to help pupils learn about the environment and to gain insights into local natural resources. According to Chiemi Kumazaki, LIXIL Group Representative, people can use homemade sand, gravel and coal filters to treat water and reduce bacteria. Source: VNA … [Read more...]

Inax displays its broad social conscious

Inax Vietnam, one of Vietnam's leading sanitary ware manufacturers, is committed to pushing ahead its social corporate responsibility activities in Vietnam. Last week, Inax Vietnam delivered Vietnam Television representing the "Tam Long Viet Fund" more than VND1.2 billion ($60,000) charity sponsorship for the programme "Operation Healthy Heart". This is the third consecutive year Inax Vietnam has taken part in sponsoring the programme with its total funding of VND3.2 billion ($160,000). Following this, this year Inax Vietnam will help University Medical Centre of Ho Chi Minh City enhance its capacity and conduct 10 normal heart operations until early next year for under 16 year-old underprivileged children who have congenital heart diseases. Morita Nguyen, Inax Vietnam's sales director and board of management member, said: "Inax Vietnam scheduled a concrete programme to show that social tasks are not only the contributions of enterprises, but also customers and agents could take … [Read more...]