VERMES Microdispensing today announced that it has formed a new subsidiary, VERMES Microdispensing Vietnam Co., Ltd, located in Bac Ninh, marking the company’s entry into the industrial hub of Northern Vietnam.
The area is home to several industrial parks with numerous manufacturers from the electronics, semiconductor, telecommunications, automotive and other industries.
The aim is to be closer to VERMES Microdispensing’s customers in Vietnam and to support them with a local site and fast service and support.
The establishment of the subsidiary in Vietnam completes VERMES Microdispensing’s branch strategy in the ASEAN region. The decision to expand into Vietnam was taken in view of the country’s growing importance in the electronics value chain.
It meanwhile hosts an increasing number of high-tech electronics manufacturing and assembly facilities of major international companies.
VERMES Microdispensing CEO, Juergen Staedtler says in a statement: “The company looks forward to contributing to the high-tech development in Vietnam and we are pleased to expand our presence in Southeast Asia.
“Several of our international customers have established subsidiaries here. Over the years, Vietnam has been increasingly popular by foreign investors as a production destination for the electronics industry due to its good investment climate,” Juergen Staedtler continues.
“In recent years technology giants established multi-billion dollar manufacturing, assembly plants and testing facilities here,” adds Phan Huu Trung, newly appointed managing director of VERMES Microdispensing Vietnam Co., Ltd,.
“One advantage of Vietnam is its pool of young engineering talent, as a high percentage of Vietnamese graduates are majoring in science and engineering,” remarks Phan Huu Trung.
CEO Juergen Staedtler reflects, “Our company will be based in the North Key Economic Zone in Bắc Ninh and we aim to be the microdispensing system supplier of choice for businesses in Asia, the US and Europe.”