 |
| Leading Japanese motor manufacturer NIDEC Corporation will expand its business in Viet Nam and increase its investment to over U$1 billion, from $600 million currently.— Photo cesti |
HA NOI (Biz Hub)— Leading Japanese motor manufacturer NIDEC Corporation will expand its business in Viet Nam and increase its investment to over U$1 billion, from $600 million currently.
According to NIDEC chairman Shigenobu Nagamori, the firm will set up five additional subsidiaries in Viet Nam, with the goal of not only turning the country into a manufacturing hub, but also a leading technology research centre in the region.
Within its business strategy including a vision for the next 50 to 100 years, the firm will bring the latest technology to Viet Nam, while extending its operation beyond production, to research and development (R&D) activities, as well as building a distribution network.—VNS