Panasonic Further Expands its Business Operations in Vietnam.
Hanoi, Vietnam, Apr 5, 2007 - (JCN JCN Japan Corporate News
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JCN joint communications network (US DoD) Newswire) - Panasonic Vietnam Co., Ltd., (PV) the holding company of Panasonic Group companies in Vietnam and a subsidiary of Matsushita Electric Industrial Co., Ltd (MEI), today announced the Grand Opening ceremony for its two new manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. : Panasonic Communications Vietnam Co., Ltd (PCV PCV packed-cell volume.
packed-cell volume, the volume of packed red cells in milliliters per 100 ml of blood. ) which makes high-tech electric and electronic products, and Panasonic Electronic Devices Vietnam Co., Ltd (PEDV PEDV Porcine Epidemic Diarrhea Virus ) which makes electronic components. Both PCV and PEDV are located in the same premises located in the Thang Long Industrial Park, Dong Anh district, Hanoi, Vietnam. The facilities were built last year, and have been in manufacturing their respective products.
"It is my great honor As a verb, to accept a bill of exchange, or to pay a note, check, or accepted bill, at maturity. To pay or to accept and pay, or, where a credit so engages, to purchase or discount a draft complying with the terms of the draft. to launch our new operations in Vietnam, a country which we consider a key to Panasonic's business worldwide," said Shinya Abe, General Director of Panasonic Vietnam.
"We anticipate rapid economic growth of the country because of Vietnam's membership of The World Trade Organization. Accordingly, this grand opening symbolizes our commitment to continued development of our operations in Vietnam. I am also looking forward to welcoming highly qualified Vietnamese employees to our company. Our ultimate goal is to contribute to the Vietnamese society through our business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets here," he said.
Panasonic Vietnam (PV), the pilot holding company of Panasonic Group companies in Vietnam, is the first foreign investor approved by the Vietnamese Government to establish a holding company with 100% foreign-owned capital. The company was licensed by the Ministry of Planning and Investment (MPI MPI - Message Passing Interface ) on July 29, 2005. PV holds the shares of Panasonic Group companies in Vietnam, provides integrated marketing, sales and after-sales services after-sales service n (BRIT) (COMM) (for car, washing machine etc) → servicio de asistencia pos-venta
after-sales service n → service m for locally manufactured products and imported products, in addition to provide financial and administrative supports as shared services shared services,
n.pl the administrative, clinical, or other service functions that are common to two or more hospitals or their health care facilities and used jointly or cooperatively by them. to its subsidiaries in Vietnam.
Currently, the new facility is providing office and manufacturing areas for Panasonic Vietnam Co., Ltd (the Holding company), Panasonic Communications Vietnam co., Ltd (subsidiary) and Panasonic Electronic Devices Vietnam Co., Ltd (subsidiary). Panasonic Communications Vietnam Co., Ltd. produces high-tech electric and electronic products such as PBXs and Optical disk driver, with approximately three hundred employees; Panasonic Electronic Devices Vietnam Co., Ltd. produces tuners, encoders, and speakers with approximately five hundred employees, as of March 31, 2007. The products of both companies are for export. The operation will continue to expand, and the employees are expected to count approximately eight thousand by 2009.
Before the establishment of the Holding company, Panasonic was operating in Vietnam with two companies, one in Hanoi, and another in Ho Chi Minh City Ho Chi Minh City, formerly Saigon, city (1997 pop. 5,250,000), on the right bank of the Saigon River, a tributary of the Dong Nai, Vietnam. . Panasonic Home Appliances Vietnam Co., Ltd. (PHAV) was established in 2003 in Hanoi, responsible for manufacture and sales of home appliance A stand-alone hardware device or software environment dedicated to a specific task. See hardware appliance and software appliance. products. Panasonic AVC (1) (Advanced Video Coding) The video compression techniques used in the H.264 standard, jointly developed by ISO and the ITU-T. See H.264.
(2) (Audio Visual C Networks Vietnam Co., Ltd. (PAVCV) was established in Ho Chi Minh City in 1996 for manufacture and sales of audio visual products such as color TV sets.
Matsushita Electric Industrial Co., Ltd, as Panasonic headquarters based in Osaka, Japan, has announced its new mid-term plan called the "GP3 Plan," namely, "Global Progress, Global Profit, and Global Panasonic" which took effect from April 1, 2007. With this plan, the company aims to achieve double-digit growth in sales outside Japan, and thereby transform overseas operations into its corporate growth engine. Since the company expects Vietnam as one of the emerging markets, Panasonic Vietnam will continue to play a key role in the development of Panasonic's global business operation.
Panasonic Vietnam Co., Ltd. (PV)
General Director: Shinya Abe Location: Plots J1-J2 Thang Long Industrial Park, Dong Anh Dist., Hanoi, S.R. Vietnam Established: November 2005 Number of employees: Approximately 100 (as of March 31, 2007) Legal Capital: USD 78,402,939
Panasonic Communications Vietnam Co., Ltd. (PCV)
General Director: Eiichi Tanaka Location: Plots J1-J2 Thang Long Industrial Park, Dong Anh Dist., Hanoi, S.R. Vietnam Beginning of Ops: October 2006 Products: High-tech electric and electronic products Number of employees: Approximately 300 (as of March 31, 2007)
Panasonic Electronic Devices Vietnam Co., Ltd. (PEDV)
General Director: Shigeru Ono Location: Plots J1-J2 Thang Long Industrial Park, Dong Anh Dist., Hanoi, S.R. Vietnam Beginning of Ops: November 2006 Products: Electronic components Number of employees: Approximately 500 (as of March 31, 2007)
About Panasonic (Matsushita Electric Industrial)
Best known by its Panasonic brand name, Matsushita Electric Industrial Co., Ltd. is a worldwide leader in the development and manufacture of electronic products for a wide range of consumer, business and industrial needs. Based in Osaka, Japan, the company recorded consolidated net sales Net Sales
The amount a seller receives from the buyer after costs associated with the sale are deducted.
This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of US$76.02 billion for the year ended March 31, 2006. The Company's shares are listed on the Tokyo, Osaka, Nagoya and New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of (NYSE NYSE
See: New York Stock Exchange :MC) stock exchanges. For more information on the company and the Panasonic brand, visit the Company's website at http://panasonic.net/.
Source: Panasonic (Matsushita Electric Industrial)
Ms. Nguyen Thi Thanh Minh Corporate Communications Group, Panasonic Vietnam Co., Ltd. Tel: +84-4-9-550-111 Fax: +84-4-9-550-144 Yoshihiro (Josh) Matsukawa PA Corporate Communications Group Panasonic Asia Pacific Pte Ltd. Tel: +65-9178-5109 Fax: +65-6390-3510
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