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Update news Panasonic
The country needs to well prepare for conditions to compete with its rivals in attracting foreign investment.
Starting with the silent move of global smartphone titan Apple, companies have been shifting their facilities to Vietnam, following the call for more lucrative investment opportunities.
Japanese appliance-maker Panasonic on May 21 said that next year it will move its Thai-based production of refrigerators and washing machines to Vietnam, laying off some 800 workers.
Vietnamese air conditioner manufacturers are increasingly using sophisticated technologies as they jostle for market share in a competitive market.
There remain problems concerning human resources and Vietnamese businesses should focus on what Japanese experts have addressed.
VietNamNet Bridge - Panasonic has opene its first electrical equipment factory in Vietnam after 20 years importing products into Vietnam.
Cut in gold jewellery export tax proposed; Panasonic opens new factory in Binh Duong; Saigon Co.op makes Asia Pacific top 10 retailer list; Slow site clearance hits WB-funded project; Support industry to receive tax cuts
Japan's Panasonic and its subsidiary Sanyo have each pleaded guilty to price-fixing involving auto parts and battery cells, agreeing to pay $56.5 million in fines, according to the US Justice Department.