The need for strong
development of infrastructure in Vietnam is attracting more and more foreign
businesses in the geotechnical engineering industry to come and set up business
in Vietnam.
Geonia, a leading
corporation in Korea specializing in the production of high quality geotextile
product (the fabric with permeability, when using to line in the soil, it is
capable of separating, filtering, protecting, processing strengthening and
water drainage), which are expected to achieve strong revenue in Vietnam market.
According to Geonia’s
Chief Representative in Vietnam,
the Government of Vietnam is promoting the construction of road and port
infrastructures; therefore the demand for geotextile products is very huge.
Vietnam has built a number of highways and Geonia has provided this product,
with revenues of more than 5 million USD in 2014 and approximately 5 million
USD in 2015. In the coming years, revenue can increase; even twice when many
projects in Vietnam are performed.
At the 3rd International
Conference on Geotechnical took place recently in Hanoi, not just Geonia, there
were nearly 50 other foreign companies participated and wanted to find out the business investment opportunities in
Vietnam, through the establishment of partnerships, joint ventures
and promoting the sale of geotechnical products in Vietnam market.
According to Sales
Manager of ACE Geosynthetics Company (Taiwan), until the end of 2016, this
Company will set up partnership with 5 enterprises in Vietnam, bringing the
total number of partners to 18, although ACE Geosynthetics has not have
official investment and trade activities in Vietnam. Currently, ACE Geosynthetics
is the leading exporter of geothermal synthetic products in Asia.
ACE Geosynthetics
could set up factory
in Vietnam in the future. Last year, ACE Geosynthetics has
achieved sales growth at 2 figures. In 2016 and 2017, ACE Geosynthetics also
expect to achieve such results.
Meanwhile, according to
Director of Sanshin Construction Corporation (Japan), Sanshin is considering
setting up partnership with local business to implement a number of large
infrastructure projects in Vietnam, beginning from 2017.
Since early of this
year, Sanshin has partnered with Technical Link Construction Company (Vietnam)
to implement a number of industrial infrastructure projects in the southern
region. In the next year, these two enterprises will jointly implement a number
of other similar projects.
Many construction
enterprises from Japan are coming to Vietnam for the construction of
infrastructure projects. Therefore, Sanshin also wants to expand its presence
here to cooperate with Japanese companies.
According to
construction experts, Vietnam is a country located in geographic areas with
complex geological conditions; therefore the selection of foundation solutions
for infrastructure is extremely important.
In the strategy to 2020,
Vietnam will basically become an industrially developed towards modernization
country, so the demand for infrastructure development, industrial development,
urban development during this period is very large. In particular, the
Government has been setting up special policies giving priority to
infrastructure development in all industries and sectors. This is the opportunity for businesses and investors at
home and abroad.
According to Vice
President of International Society for Soil Mechanics and Geotechnical
Engineering, in Vietnam, in addition to forms of public transport in major
urban centers, the economic development requires faster means of transportation
over long distances. Therefore, high-speed rail and highways will soon become
urgent needs. This shows that the demand for geotechnical engineering will
increase in the very near future. This is the investment opportunity for many
businesses.
ANT Consulting is here
to assist you from the outset; providing corporate intelligence, risk advisory,
management consulting services that assist market entrance, and ensure
efficient business start-up operation. Our services are as following:
We strive to save your
cost by guiding you towards economical solutions that comply with local
legislation and procedures. We support you through early logistic solutions and
carry you through as your business grows.
We aim to bridge the gap between international best practices and local
cultures and assist foreign companies and organizations entering Vietnam market
to overcome commercial and regulatory issues.
We could be reached at email: ant@antconsult.vn or tel: +848
3520 2779 . To learn more about us, please visit www.antconsult.vn
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