It said the establishment of the new company aims to enhance its activities in the growing domestic demand in Vietnam.

The general trading corporation set up its representative offices in Hanoi and HCM City in 1991 and another office in Quang Ngai province in 2009.

It is active in many fields including food, chemicals, pulp, energy, metals, mineral resources and machinery. It has also undertaken projects related to infrastructure such as power plants, communication networks and other factories.

Apart from its main function of international trading, Marubeni Vietnam has also engaged in domestic business activities, the company said in a press release.