AEC Feed

A DELEGATION from Japan's Oates Chemical Company had a working |session with the Ha Nam authorities in Vietnam on Tuesday to explore the investment climate in the northern province.
The company has four factories in Japan and plans to expand its production of rubber components to Vietnam, director Goda Kengo said, adding that Ha Nam boasts a strong policy to attract investment, especially from Japanese businesses.
The locality also has a favourable geographical location and trade exchange system with Ha Noi, as well as with neighbouring cities and provinces. Therefore, the Japanese company is determined to build a factory there, he said.
Vice Chairman of the provincial People's Committee Vu Dai Thang said authorities plan to arrange for a 6,000sqm space in Dong Van I Industrial Park, Duy Tien District, where the company can build its factory. |— Viet Nam News

Mitsubishi taps into real estate market in Vietnam
 Japan's Mitsubishi Corp will join hands with Vietnamese Bitexco Group to develop a large-scale real estate project worth up to 200 billion yen (US$1.9 billion) in Hanoi, to meet the increasing demands of Asia's middle class.
The project covers 190ha on Nguyen Xien Street. It is expected to provide about 7,700 condominium units, as well as 1,000 low-rise housing units. It will also include garden space, commercial properties, office buildings and research facilities.
Mitsubishi will sell 240 low-rise units and roughly 1,000 high-rise units in the initial phase, with project costs estimated at about 30 billion yen, the Nikkei Asian Review reports.
The low-rise housing will become available in November, while units in two condominium high-rises will hit the market in early 2017, according to the news website. Mitsubishi is also developing middle-class housing in other Asian countries, such as China, Indonesia and the Philippines. – Viet Nam News

Underrated Philippine handicraft gear for recognition
The Board of Investments (BOI) in the Philippines has unveiled roadmaps for industries engaged in the manufacturing of gifts, houseware and holiday decor to regain their footing in the international market.
The BOI said the industry blueprints presented to stakeholders in the recently held Trade and Industry Development Updates were intended to provide strategic directions leading to improved competitiveness and productivity especially among micro, small and medium enterprises (MSMEs)
“These industry roadmaps will allow our MSMEs to participate in the value chain and in the vast Asean Economic Community market,” Rafaelita Aldaba, trade assistant secretary in charge of industry development, said in a statement.
Aldaba said the Philippines is known in the world for its quality craftsmanship. “Now that the industry roadmaps for these sectors are ready for implementation, the industries will have a definitive strategic guide to recover and regain its lost market share, re-develop, and achieve sustained growth.”
She said the revitalisation of the lifestyle industries would pave the way for the much needed employment in the regions. – Philippine Daily Inquirer

Generali launches first general agency office
 Generali Vietnam Life Assurance LLC has officially launched the first General Agency (GA) office called "GenCasa" at an opening ceremony in Tan Binh District, HCM City on July 22.
GenCasa is the perfect combination of Mediterranean architect, Italian elegance and modern technologies in a unique office design. "Casa" means "home" in Italian.
Speaking at the ceremony, Tina Nguyen, CEO of Generali Vietnam remarked, "The opening of this GenCasa in Tan Binh District is part of our strategic plan to build a nationwide GenCasa network. With this model, Generali Vietnam looks forward to creating a breakthrough in customer service, providing a one-of-a-kind experience for our customers, delivering on Generali's promise of being "truly customer-centric".
After completing five years of operations, Generali Vietnam now has transaction offices and customer service centres in most major cities and provinces across the country. — Viet Nam News