Vietnam - Japan enters energy saving market in Vietnam

The Japanese enterprises, Hibiya Engineering and Veglia Laboratories, will join the energy saving market in Vietnam.

Hibiya Engineering is Japan’s leading air conditioner company and Veglia Laboratories specializes in providing energy saving and environmental protection services.

As planned, the companies will form a joint venture with the Viet Energy Service and Consulting Joint Stock Company (Viet Esco) to provide a Building Energy Management System (BEMS) for the Hibiya Engineering high-rise building and energy saving solutions from Veglia Laboratories to help reduce energy consumption in Vietnam.

Power shortages and greenhouse gas emissions are serious issues in developing countries such as Vietnam. This joint venture hopes to help Vietnam implement energy saving solutions by utilizing Japanese technologies.

Japanese businesses will follow this model in the future to strengthen relations with developing countries and enable them to reduce greenhouse gas emissions. Japan also plans to tap into the power saving market in other Southeast Asian countries in the coming years.

Vietnam is considered a good partner for Japanese companies because of its abundant, cheap labour force and large consumer base that has developed from the country's high economic growth.

VOV

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