Japan’s IHI Corporation is looking forward to expanding its trading of aircraft engines and space-related products and eying on other business areas in Vietnam, according to IHI CEO and President Tamotsu Saito.
Although accounting for 60 – 70 percent of the jet-engine market share in Japan, the corporation has only involved in the maintenance service for V2500 and CF34 engines for some Vietnamese airlines.
IHI is currently hosting three projects worth a total of 100 million USD in the northern province of Hai Duong and the northern port city of Hai Phong. The corporation’s plant manufacturing steel structures in Dinh Vu Industrial Park (Hai Phong) makes up nearly a half of the investment and will be fully operational in 2015.
The corporation has also taken part in a number of Vietnamese infrastructure projects using loans sourced from Japanese Official Development Assistance (ODA) such as the construction of Nhat Tan Bridge and Binh Bridge and the upgrade of the Hanoi – Ho Chi Minh City railway system.
These projects in Vietnam unveiled Tamotsu Saito’s intention of broadening his corporation’s business lines beyond the trade of aircraft engines and space products.-VNA
IHI to expand aircraft-engine business in Vietnam Related image(s)
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