Sign up | Log in



Home  >>  Daily News  >>  Vietnam News  >>   IT&Telecoms  >> Panasonic says relocation of plants to Indonesia a rumour
NEWS UPDATES 8 April 2010

Panasonic says relocation of plants to Indonesia a rumour

Related Stories

October 16, 2009
M’soft to offer software discounts through iCafé in Vietnam

May 23, 2009
IBM sets up 'innovation center' in Vietnam

August 9, 2008
Vietnam: Sanyo’s new plant to employ 12,000 employees 

July 28, 2008
GE marks 15th year in Vietnam 

Panasonic has rejected speculation that the Japanese electronics maker plans to move its factories in Vietnam to Indonesia, saying it is committed to a long-term investment in the country, an online news site Thanhnien News reported.

Last week, Bloomberg quoted the chairman of Indonesia’s investment coordinating board in Jakarta as saying that Panasonic Corp. might move its factories in Vietnam and Japan.

But Panasonic Vietnam spokeswoman Nguyen Thi Thanh Minh said there were no plans to relocate the Vietnam factories to Indonesia. Minh was speaking on behalf of Shinya Abe, general director of Panasonic Vietnam.

Minh told Thanh Nien Weekly that the giant manufacturer had begun operations in Vietnam in 1996 by establishing factories in Ho Chi Minh City and three others in Hanoi to produce television sets, refrigerators, and electronic components for domestic and export markets.

The corporation has a total registered capital of $140 million in Vietnam and 7,000 employees in the factories here, according to Minh.

“Our significant investment shows a long term commitment to contributing to Vietnamese society, in terms of developing manufacturing, and developing human resources for the country,” she said.

Japanese electronics maker Sony shut down production in Vietnam in 2008, transforming its 100 percent wholly owned affiliate to a 100 percent trading unit in 2008.

The move came just before the government opened the retail market for foreign businesses in 2009.

Sony, which had employed 200 local employees, said the decision was aimed at enjoying the new policy that offered electronics businesses the opportunity to trade imported products directly in Vietnam rather than manufacturing them in the country.

Japanese electronics manufacturer Toshiba announced in February it would close its consumer product unit in Vietnam, but the timing of the move has yet to be decided upon.


Comment on this Article. Send them to
Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below 





1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand