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Economics

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Japanese company selects Vietnam as key production base

Japan’s Mitsui Engineering & Shipbuilding Company, Ltd. (MES) aims to make Vietnam a key production base for bridges and steel structures in order to expand its share in the Southeast Asian market.

Since 1998, MES and the Thang Long Construction Corporation established a joint venture factory in Hanoi to produce steel structures such as bridges, water gates, and frames for high-rise buildings.

MES plans to invest hundreds of millions of Japanese yen to increase the factory’s annual capacity from 40,000 to 60,000 tonnes within the next two years and aims to win contracts to build and install railways and bridges in the north of Vietnam.

Earlier, Japanese joint contractors Taisei Construction Corporation and MES won two bidding packages for the Vietnam Railway Corporation’s project to improve the safety of railway bridges on the Hanoi-HCM City route. MES will produce all the steel dome structures for the bridges at its factory in Hanoi.

MES also plans to produce steel structures for other bridges in Vietnam and prepare for major large scale infrastructure projects such as power plants in Vietnam and the South East Asian region.

(VOV)

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