Author: Hoa Dang
Sharp plans to build another factory in Vietnam to move its supply chain away from China.
Sharp Corporation is seeking investment opportunities in the southern provinces of Vietnam, including Binh Duong. The multinational company based in Japan wants to move its supply chain away from China, diversify its market, and reduce risks.
The large-scale factory would specialize in smart, high-tech products, says Senior Executive Managing Officer Yoshihiro Hashimono.
Binh Duong is highly commended because of its attractive investment environment. The corporation currently runs 2 projects in this province, including one located at the Vietnam-Singapore Industrial Park I (VSIP I) and the other at the expanded VSIP II.
Yoshihiro called on Binh Duong to support the company with construction land, workforce, tax incentives as well as transport infrastructure.
Binh Duong currently has 29 industrial parks, with a total planning area of 12,662 hectares. Two industrial parks among those with a combined area of 1,700ha are under the infrastructure construction stage.
In the first half of this year, foreign investors poured over $2.5 billion into Binh Duong, according to statistics from Binh Duong Department of Planning and Investment.
Credit: The Leader