Sharp Electronics established a wholly-owned company in Vietnam which is responsible for import, distribution and after-sale services of Sharp products, said a Thanh Niennews.com report.
Sharp Electronics (Vietnam) Company Limited, or Sharp Vietnam, which has operated in the country since July, has an investment capital of US$6 million, the report said.
Fujimoto Noboru, Sharp Chief Executive Officer for Asia, Middle East, Australia and New Zealand, said the Vietnam unit plans to reach a turnover of about US$50 million in 2009 and triple that amount by 2011.
The new company will focus on distributing products at affordable prices, he said. He added that Sharp has not decided on opening a manufacturing plant in Vietnam.
Sharp Vietnamâ€™s head office is located in Ho Chi Minh City and the company said it may open a branch in Hanoi next year.
to Daily News