Japanese electronics and home appliances producer Panasonic will build two more factories in Vietnam with a view to turning Vietnam into its key market in Southeast Asia, Nikkei newspaper said.

Panasonic planned to build a refrigerator factory near its existing facility in Hanoi . Once operational in October, 2012, the new facility will raise the group’s annual output in Vietnam to 800,000 units, doubling its current capacity.

The Japanese group will also construct a new washing machine factory in the northern province of Hung Yen with a production of 800,000 units per year. The factory is scheduled to be put into operation in April, 2013.

In addition, Panasonic will open a R&D centre to develop products for domestic customers.

According to Panasonic, Vietnam is an attractive market for Japanese electronics and home appliances producers, as only 10-30 percent of its almost 90 million population have used refrigerators and washing machines./.