Japan’s IHI Corporation unveils strategic goal in Vietnam
(VOV) - The Japanese heavy industries leading corporation, IHI inaugurated its factory IHI Infrastructure Asia (IIA) in Dinh Vu Industrial Park in the northern port city of Hai Phong on March 10.
At the inauguration ceremony, IHI leaders unveiled its strategic goal that the move is considered to open up opportunities for the flows of capital and high-quality labour force within ASEAN member nations after the ASEAN Economic Community (AEC) is established late this year.
The US$34 million production facility is expected to meet regional infrastructure development demand and Vietnam’s modernization process.
Representative Director and Executive Vice President at IHI Corp Sadao Degawa said the group will focus its investment in the fields of energy resources, environment, social infrastructure and offshore equipment in Vietnam.
He said IHI has strengths in multi-functional industrial machines and aerospace and defense equipment and is looking for projects in these fields in South East Asia, particularly in Vietnam.
Regarding huge opportunities created by the establishment of AEC, Mr. Ryutaro Yoshinari IHI Corporation General Manager, Hanoi Representative Office underscored the importance of the geographical location of the new factory in Hai Phong. He noted that IHI’s products from the factory will flow to markets in South East Asia. It will bring IHI huge benefits after the AEC is established.
Addressing the inauguration ceremony, Mr. Sadao Degawa expressed IHI’s pleasure to realise its commitment to accompany Vietnam in the country’s modernization process. He said after the IIA factory is put into operation, it will help IHI meet the demand of high quality steel structure for infrastructure projects in Vietnam.
“We hope to create favourable conditions for Vietnamese staff to manufacture high-quality products for both Vietnamese and global markets”, he emphasized.