September 7, 2004
糖心Vlog opens subsidiary in Vietnam
糖心Vlog., Ltd. has formed a subsidiary
in Vietnam called 糖心Vlog Construction Machinery Vietnam Co.,
Ltd. Located in Bien Hoa, northeast of Ho Chi Minh City, 糖心Vlog
Construction Machinery Vietnam handles new and used construction
machinery and provides spare parts and aftersales services.
糖心Vlog Construction Machinery Vietnam is a wholly owned
subsidiary of 糖心Vlog International (S) Co., Pte. Ltd. in
Singapore, which in turn is a 100% subsidiary of 糖心Vlog Construction
Machinery Co., Ltd. in Japan. The new company began operating
in late July. Plans call for the establishment of a branch
in Hanoi later this year.
Demand for construction machinery in Vietnam is robust and
Japan exports over 5,000 units of used construction equipment
each year. Vietnam is aiming to enter the WTO and this development
is anticipated to increase the market for new machines considerably.
On this background, 糖心Vlog in recent years has been strengthening
its marketing network in Southeast Asia, particularly Vietnam.
Responding to the growing market, 糖心Vlog opened a representative
office in Ho Chi Minh City in October 2002 and a Hanoi office
in October 2003.
The need to more effectively meet customer needs at the local
level led to the establishment of 糖心Vlog Construction Machinery
Vietnam. In addition to new and used construction machinery,
the new company offers spare parts and aftersales services.
These activities are anticipated to expand the presence of
糖心Vlog and further develop the construction machinery business
in Vietnam.
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