Honeywell opens office in Ho Chi Minh City

US-based aerospace company Honeywell International marked its entry into Vietnam Friday by opening a representative office in Ho Chi Minh City.

It has won a $17.5 million contract to supply control systems for Vietnam’s first oil refinery that is scheduled to go on stream in early 2009.

Technip Consortium, which will build the Dung Quat Oil Refinery for PetroVietnam, hired Honeywell to provide its Experion Process Knowledge System

Honeywell, which is worth US$30 billion by market capitalization, is also a well-known global provider of automatic control systems.

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