Japanese group to build car parts factory in Hanoi

Hanoi (VNA)- Japan 's Denso group has announced investment of 2.2 billion JPY (roughly 21.2 million USD) in building an auto part factory on the outskirts of Hanoi capital city.

The construction will start in February next year on an area of 50,000
sq.m. and be completed by June 2010. The factory will produce sensing
transformers to control the air volume influx into car engines and electric
valves to regulate the supply of gas-air mixture for the engines.

Sensing transformers will be sold in Vietnam and other member
countries of the Association of Southeast Asian Nations while electric
valves will be exported worldwide.

The Denso group has opened an affiliate in Vietnam named
Hamaden-Vietnam capitalized at 1.3 billion JPY (roughly 12.6 million USD) to
undertake the project.

The number of Japanese car part suppliers operational in Vietnam is on
the rise, including Takanichi Vietnam , Yazaki FDS Vietnam and Harada
Vietnam.--Enditem