Panduit, a US-based global provider of network infrastructure solutions, revealed its plan to break into Vietnam next year, as the ASEAN becomes the new manufacturing hub in the entire Asian region.
Chad Reynolds, vice marketing president at Panduit, told VIR that the US firm will open an office in Vietnam in 2019, as the firm strives to capitalise on Vietnam’s growing manufacturing capacity and urgent need for digital infrastructure.
“Vietnam’s rise to be Asia’s manufacturing centre depends on its ability to build up Industry 4.0 and infrastructure for the Internet of Things, using data centres, enterprise and operational network infrastructure that can be developed to accommodate future growth as well as deliver superior performance,” said Reynolds about the growth direction of the Vietnamese manufacturing sector.
According to the representative, Panduit is actively seeking partners and distributors in Vietnam to facilitate its operations here. The US firm has yet finalise details such as investment capital and the timeline of the opening.
Panduit, which provides physical, electrical, and network infrastructure solutions for businesses, has been exporting semi-finished products from Vietnam to other countries for final production. Reynolds revealed that these purchases can reach $10 million a year.
This week, Panduit held a two-day roadshow in Ho Chi Minh City, meeting Vietnamese firms and showcasing its infrastructure solutions to increase efficiency and enhance reliability in various industries, such as education, energy, financial services, food processing, healthcare, railways, and transport/heavy equipment.
|Products on display at the event|
“We want to show how our data centre solutions, such as converged infrastructure, creativity solutions, cooling optimization, and thermal solutions, can help companies in Vietnam improve their efficiency,” said Reynolds.
Panduit, headquartered in Tinley Park, Illinois, has been operating since 1955. The US firm runs offices in 112 locations around the world.