Advantech Established a Vietnamese Subsidiary to Leverage Vietnam’s Manufacturing CapacitySeptember 7, 2018
Advantech, a leader of the global intelligent systems market, today announced a joint venture with TECHPRO — a highly-regarded Vietnamese systems integrator and Advantech partner — to create a subsidiary in Vietnam. Among the attendees of the ceremony to unveil the subsidiary’s creation were Richard Shih (representative of the Taipei Economic and Cultural office in Vietnam) and many of Advantech’s Vietnamese and South Korean clients.
According to Chaney Ho, Advantech’s executive director, Vietnam is the first country in which the company has established a foothold as it aims to expand strategically into Southeast Asia this year. The rationale behind the company’s preference for Vietnam is that the country has implemented new open economic strategies in recent years, with its manufacturing purchasing managers’ index staying above 50 over the past five years.
To read more about Advantech's creation of a subsidiary in Vietnam, visit Advantech.com.