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Submitted by ctv_en_1 on Tue, 06/26/2007 - 17:35
General Director of Mitsustar Vietnam Hoang Viet Dung said the firm will set up a Mitsustar Household product company in the US and gradually list its shares on the market.

General director Dung said after accompanying State President Nguyen Minh Triet during his recent visit to the US that Mitsustar has planned to penetrate the US market.
The firm signed a number of deals with big US importers and distributors and has planned to open another company in the US.


Mr Dung added that calls for investment in Vietnam showed signs of success. The firm negotiated with US leading electronic distributors to build a distribution network in Vietnam as well as investments in the Mitsustar Industry-Service-Apartment complex in northern Hung Yen province worth hundreds of millions of US dollars.


In addition, Mitsustar dealt with a US retailer to develop a retail system in Vietnam which specializes in electronic products.

 

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