Seagate Technology, a leading manufacturer of hard disk drives and storage solutions, sees Asia and Vietnam as key to its strategic business development.
Seagate Chairman and CEO Stephen Luczo revealed this ambition to the Vietnam Investment Review during his recent visit to Vietnam .
He said he was interested in Vietnam as a place for making investment today that will position the company to establish relationships with a variety of original equipment manufacturers and distributors of major retail brands.
Vietnam has a lot of opportunities, Luczo said, because Vietnam obviously has a large, educated population. Vietnam also has the ability to use tax bonuses to attract capital, which happens all over the world.
If Vietnam uses tax preferences to attract foreign investment and improves foreign language skills for its human resources, market composition would improve markedly in comparison to China and India , traditional destinations for US investors, he said.
Seagate hard disk drives and storage facilities have become popular in Vietnam and the US-based firm has distribution agents and warranty centres in Vietnam .
“Some 90 percent of our employees are located throughout Asia and most importantly, we are here to learn about the market and our customers and where are the places we should be making investment over the next five years, and well position for the company for the next 10-15 years and beyond,” Luczo said./.
Seagate Chairman and CEO Stephen Luczo revealed this ambition to the Vietnam Investment Review during his recent visit to Vietnam .
He said he was interested in Vietnam as a place for making investment today that will position the company to establish relationships with a variety of original equipment manufacturers and distributors of major retail brands.
Vietnam has a lot of opportunities, Luczo said, because Vietnam obviously has a large, educated population. Vietnam also has the ability to use tax bonuses to attract capital, which happens all over the world.
If Vietnam uses tax preferences to attract foreign investment and improves foreign language skills for its human resources, market composition would improve markedly in comparison to China and India , traditional destinations for US investors, he said.
Seagate hard disk drives and storage facilities have become popular in Vietnam and the US-based firm has distribution agents and warranty centres in Vietnam .
“Some 90 percent of our employees are located throughout Asia and most importantly, we are here to learn about the market and our customers and where are the places we should be making investment over the next five years, and well position for the company for the next 10-15 years and beyond,” Luczo said./.
