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-gener♔atio🌸n 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
Panasonic Vietnam Co. Ltd., on July 30 presented over 1,000 washing machines worth 5 billion VND (235,000 USD) to social welfare centres for children and boarding schools for ethnic children nationwide.
Panasonic Eco Solutions Vietnam Co., Ltd. is opening a new factory within the Vietnam – Singapore Industrial Park II located in southern Binh Duong province, as part of their plan to expand production of wiring devices and circuit breakers.
The northern mountainous province of Dien Bien on March 16 received 630 solar-powered lights gifted by the electronics company Panasonic Vietnam via the World Vision Vietnam project.
Vietnam's electronics sector is becoming a force in Asia. While electronics exports from Asia rose by 17 percent between 2010-14, Vietnam's contribution ballooned by about 10 times, according to Singapore-based DBS group research.
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.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
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.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
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)
