Mitsubishi Electric to establish Vietnam JV to produce factory automation items
Mitsubishi Electric Corporation, the electronics and electrical equipment arm of Japanese conglomerate Mitsubishi, is set to launch Mitsubishi Electric FP Automation Vietnam, a joint venture in the Southeast Asian country for the manufacturing of factory automation items.
In a Friday statement, Mitsubishi Electric said it would conduct the move by acquiring an 80% stake in Fuji Bakelite Vietnam Co., Ltd., a Hanoi-based subsidiary of Japan-based Fuji Bakelite Co., Ltd.
The new joint venture is set for establishment on June 1 and will begin production of air circuit breakers from January 2025, in addition to a production line of small low-voltage circuit breakers.
An illustration of Mitsubishi Electric factory in Hanoi. Photo courtesy of Mitsubishi Electric.
The joint venture will leverage Fuji Bakelite Vietnam’s skilled workforce and expertise in manufacturing and quality control in Vietnam, Mitsubishi Electric said. The new facility, located in Thang Long Industrial Park II invested by Japanese giant Sumitomo, is set to employ 400 people, the Japanese firm added.
Mitsubishi Electric has been expanding its factory automation business in ASEAN by exporting products manufactured mainly in Japan. The joint venture will enable Mitsubishi Electric to build a production system for low-voltage circuit breakers and further expand the factory automation business by enhancing product supply capabilities.
The demand for factory automation items is expected to increase robustly in Vietnam, Thailand, Indonesia, and Malaysia, where strong economic growth is forecast, Mitsubishi Electricity stated.
- Related News
- Read More
Law No. 56 a major policy breakthrough for Vietnam's stock market development
The Law No. 56, effective January 1, 2025, is one of the major legal breakthroughs in recent years that will enhance the transparency and operational efficiency of the Vietnamese stock market.
Finance - Thu, October 16, 2025 | 2:30 pm GMT+7
WHA Group breaks ground on smart technology industrial zone in central Vietnam
Thailand's WHA Group on Tuesday broke ground on a world-class, modern, and environmentally friendly industrial zone in central Vietnam, namely the WHA Smart Technology Industrial Zone-Thanh Hoa.
Real Estate - Thu, October 16, 2025 | 2:00 pm GMT+7
Vietnam a key partner in Murphy Oil’s global strategy: exec
Vietnam remains a key partner in Murphy Oil’s global business strategy, said Eric Hambly, the U.S. corporation's president and CEO.
Companies - Thu, October 16, 2025 | 12:06 pm GMT+7
VNPT, Qualcomm debut Vietnam’s 1st original design-based excellence center
State-owned Vietnam Posts and Telecommunications Group (VNPT) and Qualcomm have officially launched the VNPT-Qualcomm Excellence Center (VQEC), the first facility in the country to operate under an original design co-development model using Qualcomm’s core technologies.
Companies - Thu, October 16, 2025 | 8:41 am GMT+7
Indonesia enjoys steady growth in nine months
Indonesia's Ministry of Finance on Tuesday announced the country’s 2025 budget performance as of September, reporting that Southeast Asia’s largest economy continued to post steady growth despite global economic uncertainties.
Southeast Asia - Wed, October 15, 2025 | 9:53 pm GMT+7
Malaysia on progressive path towards AI nation status: experts
Malaysia is on a progressive track towards becoming an Artificial Intelligence (AI) nation by 2030, a goal seen as achievable under Budget 2026 - the Malaysian Government’s fiscal and policy framework for 2026.
Southeast Asia - Wed, October 15, 2025 | 9:44 pm GMT+7
Thailand steps up development of semiconductor industry
Thailand’s Board of Investment (BOI) plans to propose a new national semiconductor and advanced electronics policy board to the government, which will spearhead Thailand’s semiconductor development strategy.
Southeast Asia - Wed, October 15, 2025 | 9:40 pm GMT+7
ASEAN sets ambitious energy targets
Senior energy officials from ASEAN member nations and Timor-Leste on Tuesday convened in Kuala Lumpur, Malaysia, to finalize key outcomes and policy recommendations to be submitted to the 43rd ASEAN Ministers on Energy Meeting (AMEM).
Southeast Asia - Wed, October 15, 2025 | 9:33 pm GMT+7
Sun Group gets nod for $375 mln inland waterway tourism project in central Vietnam
A subsidiary of Sun Group, one of Vietnam’s leading real estate developers, has received approval to invest VND9.88 trillion ($375 million) in an inland waterway tourism project in the central coastal city of Danang.
Industries - Wed, October 15, 2025 | 5:21 pm GMT+7
Vietnamese luxury car dealer Haxaco’s business slumps, stock nears two-year low
The operations of Hang Xanh Automobile Service JSC or Haxaco (HoSE: HAX), known as the largest distributor of Mercedes-Benz vehicles in Vietnam, are under pressure as consumers tighten spending and competition among car brands intensifies.
Companies - Wed, October 15, 2025 | 5:13 pm GMT+7
Vietnam sets 2026 GDP growth target at 10%
The Vietnamese Government has set the targets for economic expansion in 2026 at about 10% and inflation at 4.5%.
Economy - Wed, October 15, 2025 | 4:28 pm GMT+7
Movement of mega projects creates momentum for central Vietnam's Van Phong Economic Zone
A series of large-scale projects in Van Phong Economic Zone are being accelerated, opening new prospects for breakthroughs in this key growth hub of Khanh Hoa province.
Industries - Wed, October 15, 2025 | 12:24 pm GMT+7
Vietnam's International Financial Center ambition can unlock new wave of innovation
By embedding clarity, consistency, and collaboration into the foundations of its International Financian Center, Vietnam can create not just another financial center, but a hub for innovation that connects Asia to the world, writes Phil Wright, COO, HSBC Vietnam.
Consulting - Wed, October 15, 2025 | 11:03 am GMT+7
Gamuda Land expands Singapore portfolio with Chencharu Close win
Gamuda Berhad has announced that its property arm, Gamuda Land, has formally executed the acceptance of the award for a significant land parcel at Chencharu Close, Yishun, Singapore.
Companies - Wed, October 15, 2025 | 10:41 am GMT+7
Duc Giang Chemicals makes progress at $2.2 bln bauxite project in central Vietnam
Duc Giang Chemicals Group (HoSE: DGC) has taken an initial legal step toward developing an integrated bauxite-alumina-aluminum complex project worth VND58 trillion ($2.2 billion) in Lam Dong province.
Industries - Wed, October 15, 2025 | 8:32 am GMT+7
About 80 Korean nationals missing due to job scams in Cambodia: officials
About 80 Koreans linked to job scams in Cambodia are missing or their safety cannot be confirmed, an official from South Korea's Ministry of Foreign Affairs said on Tuesday, as authorities are struggling to tackle crimes targeting Koreans amid public outrage over the torture death of a Korean student.
Southeast Asia - Tue, October 14, 2025 | 10:01 pm GMT+7
