Japan’s Parts Seiko opens $10 mln metal product factory in Vietnam
Parts Seiko Vietnam, a subsidiary of Japan’s machine tool manufacturer Parts Seiko, inaugurated its $10 million factory, also its first in Vietnam, on Monday.
The factory, located in Song Khoai Industrial Park developed by Thai real estate giant Amata, is the firm’s third overseas facility, in addition to those in China and the Philippines.
Parts Seiko holds an inaugural ceremony in Quang Ninh province, northern Vietnam on March 3, 2025. Photo courtesy of Quang Ninh newspaper.
The factory has an annual capacity of 40 tons of products, including shaft supports, shaft rings, washers, clamps, and taper washers. Parts Seiko aims to export its products to Japan and other Asian markets.
At the inaugural ceremony, Parts Seiko representative said the company appreciated provincial authorities’ support for the project to overcome super typhoon Yagi, which pushed back the construction of the factory. Parts Seiko received an investment registration certificate for the project in July 2023.
As of end-2024, Vietnam’s registered FDI reached $502.8 billion with 42,002 valid projects. Japan was the third-biggest source with 5,512 projects worth $78.28 billion, according to the Ministry of Planning and Investment, now the Ministry of Finance.
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