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Japanese firms gear capital into high-tech field in Vietnam

Japanese firms have recently poured capital into many large-scale, high-tech projects in Vietnam.
Japanese firms gear capital into high-tech field in Vietnam ảnh 1A corner of Saigon High-Tech Park (Source: VNA)
Hanoi (VNA) – Japanese firms haverecently poured capital into many large-scale, high-tech projects in Vietnam.

During a recent working session withauthorities of southern Binh Duong province, Executive Managing Officer ofSharp Corporation Yoshihiro Hashimoto mentioned a plan to build a factory worthnearly 2 billion USD to manufacture high-tech camera modules and smart phone screensin the province.

In the first stage, Sharp plans to spendroughly 300 million USD, about 200 million USD of which will be for machineryand equipment. The location of the plant is under discussion.

If the project is successful, Sharp willbecome the largest investor in Binh Duong.

Earlier in 2009, Binh Duong granted a licenceto Sharp’s Sai Gon Stec Company to manufacture electronic spare parts andhigh-tech camera modules, worth a total 340 million USD.

Le Hoai Quoc, head of the Saigon High-TechPark (SHTP) management board, said many Japanese-invested projects will belicensed in the near future, notably a 250 million USD investment in the secondphase of a complex featuring a high-tech hospital and a research anddevelopment institute for living science by Japan’s Allied Telesis and the US’sQuantus Corporation.

In the second stage, the project will focuson equipment procurement and medical treatment using modern devices such asproton beam and laser therapy for cancer treatment, use of helicopters for patienttransport, and stem cells in cardiovascular care and orthopedic surgery.

According to Quoc, Nidec’s Research andDevelopment Centre will also be licensed in the foreseeable future. Nidec nowhas five projects in SHTP with total registered capital of upwards 446 millionUSD, targeting precision engineering – automation, optical reading heads, magneticstripe cards, high-precision compact motors and motor spare parts.

He added that major Japanese enterprisessuch as Nipro and Jabil also plan to expand their operations in SHTP, openingup a prospect that Japan will become one of the largest investors in SHTP.-VNA
VNA

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