Japan’s steel producer opens office in HCM City
The Nippon Steel Engineering Co., Ltd. of Japan officially opened its representative office in HCM City on June 7.
The Nippon Steel Engineering Co., Ltd. of Japan officially opened its representative office in HCM City on June 7.
The corporation has been operating in Vietnam for years with Nippon Steel Trading playing a major role in the steel industry, exporting, importing, processing and trading with Vietnam . The Nippon Steel Pipe Vietnam Company built a factory to produce steel pipe in the southern coastal province of Ba Ria – Vung Tau last year.
Japan ’s Consul General in HCM City , Hida Harumitsu commended Nippon Steel Engineering’s new office, saying he believed that opening it was a positive move and will help contribute to the local economy’s development.
The Director of Nippon Steel Engineering, Takahashi Makoto, revealed that the Nippon Steel Corporation has set a target of increasing the growth rate of its overseas turnover by 40 percent by 2015, last year’s rate being 20 percent. This will speed up the Corporation’s overseas operations, which is the primary objective.
He underlined the potential the Vietnamese market holds and said that establishing the HCM City office will enable the corporation to realise its plans.
The corporation, which, produces all kinds of pipe and equipment for the oil and gas industries as well as supplying the construction sector, has also set up offices in many other countries, such as ASEAN nations, China, India, Brazil, and in Europe.-VNA
The corporation has been operating in Vietnam for years with Nippon Steel Trading playing a major role in the steel industry, exporting, importing, processing and trading with Vietnam . The Nippon Steel Pipe Vietnam Company built a factory to produce steel pipe in the southern coastal province of Ba Ria – Vung Tau last year.
Japan ’s Consul General in HCM City , Hida Harumitsu commended Nippon Steel Engineering’s new office, saying he believed that opening it was a positive move and will help contribute to the local economy’s development.
The Director of Nippon Steel Engineering, Takahashi Makoto, revealed that the Nippon Steel Corporation has set a target of increasing the growth rate of its overseas turnover by 40 percent by 2015, last year’s rate being 20 percent. This will speed up the Corporation’s overseas operations, which is the primary objective.
He underlined the potential the Vietnamese market holds and said that establishing the HCM City office will enable the corporation to realise its plans.
The corporation, which, produces all kinds of pipe and equipment for the oil and gas industries as well as supplying the construction sector, has also set up offices in many other countries, such as ASEAN nations, China, India, Brazil, and in Europe.-VNA
You should also see
PM urges village elders, citizens to help preserve cultural heritage
Prime Minister Pham Minh Chinh has asked village elders and chiefs, skilled artisans and reputable citizens to make greater efforts to preserve and promote tangible and intangible cultural heritage, which is the quintessence and core value of the nation.
See more
Business
Hanoi to host Vietnam Medipharm Expo 2024
The 31st Vietnam International Medical and Pharmaceutical Exhibition (Vietnam Medipharm Expo 2024) is scheduled to take place in Hanoi from May 9 to 12, an official of the Ministry of Health (MoH) told a press conference on April 19.
Business
Japan's Takashimaya plans to expand investment in Vietnam
Takashimaya, a Japanese operator of upscale department stores, plans to open a shopping centre in Hanoi in 2026 that will be the company's first new location abroad in eight years, Japanese newspaper Nikkei reported.
Business
Noi Bai, Da Nang named in world’s top 100 airports
Hanoi capital’s Noi Bai International Airport and the Da Nang International Airport in the central city of the same name have been listed among the world’s top 100 airports in 2024 by the UK–based aviation consultancy Skytrax.
Business
Localities get ready for fourth FDI boom
As the year 2024 is expected to witness the start of the fourth wave of foreign direct investment (FDI) to Vietnam, localities nationwide are getting ready to absorb foreign capital flows.
Business
Vietnam earns 1.43 billion USD from rice exports in Q1
ietnam in the first quarter of 2024 exported 2.18 million tonnes of rice, earning 1.43 billion USD, an increase of 17.6% in volume and 45.5% in value year on year. Meanwhile, the average export rice price also increased by 23.6% to $653.9 per tonne.
