An electronic component production line at Nidec Sankyo Vietnam Co. at SHTP. Photo: VNA
Japan-based Nidec Corporation is considering construction of a research and development (R&D) in the Saigon Hi-tech Park (SHTP
) in Ho Chi Minh City
and turning it into a place for technology transfer, said the firm’s Chairman Shigenobu Nagamori.
At a meeting with the city’s Mayor Nguyen Thanh Phong on Tuesday, the chairman said the firm planned further investment in the city and expressed hope for more incentives, the Saigon Times reported.
Technology transfer by Nidec will provide a boost to the manufacturing sector and create a spillover effect, thus encouraging hi-tech investment in the city, Phong noted, promising to facilitate existing and fresh investments in the city.
Nidec has recruited and sent 16 Vietnamese students to Japan for training in a move to prepare for the R&D center.
Shigenobu Nagamori said the Japanese company, which has been present in Vietnam for two decades, would increase investment in Ho Chi Minh City, Hanoi and Da Nang, and transfer technology to local partners.
Nidec has invested over $380 million in five plants in SHTP to date, with a focus on precision mechanics. It also has three other plants in the HCM City’s Tan Thuan Export Processing Zone.