Foreign businesses are getting in line to hook up with big players in Vietnam to introduce products to the local market.
United States-based Baker Hughes Asia Pacific Ltd last week signed a memorandum of understanding on chemical production and distribution with Ho Chi Minh City-based PetroVietnam Fertiliser and Chemicals Corporation (PVFCCo), a subsidiary of the state-owned PetroVietnam Group.
Accordingly, Baker Hughes will assign PVFCCo’s company members to create BPC products and packaging for BPC customers in Vietnam.
The two parties also plan to do experimental research on specialised chemicals and raw parafin, and cooperate in human resource training. The research is to be conducted at PVFCCo’s plant in Bia Ria-Vung Tau province’s Phu My 1 Industrial Park.
“PVFCCo will extend its product portfolio into the chemical field, along with its traditional urea products, which is part of the firm’s long-term development orientation. On the other side, through cooperation with PVFCCo, BPC hopes to increase its Vietnam market share,” said PetroVietnam’s chairman Dinh La Thang.
Simultaneously, partnership deals between leading local dairy-maker Vinamilk and three European nutritional corporations were inked in the research, development and application of micro-nutrition and bioscience.
Vinamilk signed cooperation agreements with DSM Corporation, a leading health and nutritional ingredient solution provider in Switzerland, with Switzerland-based Lonza Limited, a leading supplier to the life-sciences industries, and with a global bioscience company in Denmark, Chr. Hansen.
Through these deals, Vinamilk will invest in research and apply innovative scientific achievements to improve its product lines to better meet Vietnamese children’s needs, said Vinamilk research director Nguyen Quoc Khanh.
Vinamilk will introduce a new tailor-made product for kids named Dielac Pedia applying the most advanced probiotics technologies from Chr. Hansen and Lonza Ltd.
Vinamilk was ranked as one of the top 200 enterprises in Asia by Forbes Asia in 2010.
Thien Kieu (vir.com.vn)