Permanent Deputy Prime Minister Truong Hoa Binh (R) and TTI Executive Vice President Nate Easter (Photo: VNA)
Hanoi (VNA) – Permanent Deputy Prime Minister Truong Hoa Binh hosted areception in Hanoi on June 23 for Executive Vice President of TechonicIndustries (TTI) Nate Easter.
TTI is one of the leading suppliers of electronic equipment and householdappliances with 12 plants worldwide. Up to 76 percent of its products aresupplied to the US and Northern Europe.
Binh affirmed that the Vietnamese Government always offers all possiblesupport to foreign firms investing in Vietnam and pays attention to dealing withtheir difficulties.
He pledged to assign the Chairman of the Ho Chi Minh City People’s Committee to addressproblems regarding TTI's projects at the Saigon Hi-Tech Park, and the Ministry ofInvestment and Planning to work with the municipal Customs Department to handlecustoms clearance for TTI’s goods via green channel.
According to the Deputy PM, many universities in HCM City could supply qualifiedworkforce for TTI’s project while the Government also advocated welcomingforeign technical and managerial experts to Vietnam for work.
Highlighting Vietnam’s policy of partnering with countries in thedevelopment of supply chain and support industry, Binh hoped that TTI, one ofthe leaders in the global supply chain, will assist the Vietnamese ministries,agencies and localities in investment promotion as well as help Vietnamesefirms to join its chain.
The Government will continue devising suitable policies, especially for smalland medium-sized enterprises, he said, wishing that TTI would transfertechnology to Vietnamese enterprises.
Easter, for his part, said TTI is working to launch the largest research anddevelopment (R&D) centre in Vietnam, as well as investing more 650 millionUSD in wireless electrical equipment plants at the Saigon Hi-Tech Park, which will be completed in the third quarter next year.
Its R&D centre is expected to draw about 2,000 engineers and experts ininformation technology, manufacturing and processing. TTI also sent staff touniversities to seek employees, he said.
About its long-term plan, he said TTI wants to partner with Vietnam in thedevelopment of industry and high technology, including domestic supply chains.It hopes that about 180-200 Vietnamese firms will become suppliers for TTI withthe rate of domestically-madeitems amounting to 60 percent this year and 80 percent next year.
To such end, the 🅘guest wished that the Government would approve TTI’s projectsat the Saigon Hi-Tech Parಌk, allow its highly-skilled engineers to enter Vietnam todevelop advanced products, as well as offer incentives on finance, land andinfrastructure./.
