A view of the Viet-Pan Techno Park. (Photo: Vietnam News Agency)
Japan’s Araimichi finished installing its machinery in the Viet-Pan Techno Park late last year and has started operation to provide mechanic precision products for Toyota and other Japanese firms in Vietnam, the Dau Tu (Investment) newspaper reported.
Six other Japanese companies operating in supporting industries have completed negotiations on workshop leasing and will begin installing their machinery after the Tet Holiday, said Nguyen Quoc Vinh, vice general director of Viet-Pan Techno Park Company.
The Vie-Pan Techno Park Co., Ltd. is a joint venture between Japanese Unika Holdings’ Vie-Pan Industrial Park Co., Ltd. and Vietnam’s Hiep Phuoc Industrial Park Joint Stock Company.
It is the first specialized industrial park for supporting industries in the Ho Chi Minh City, targeting to attract Japanese firms in supporting industries.
The industrial park stretches on an area of 13 hectares and has an investment of $31 million. The first phase of the project was completed in December 2014. It has 14,000 square meters for workshops, offices and warehouses.
The second phase of the project will be kicked off soon, Mr. Vinh tipped, adding that Japanese firms in the park are looking to expand their operations to commerce, storage and packing.