By Pavel Alpeyev/ Bloomberg
Tokyo: Matsushita Electric Industrial Co., the world’s largest consumer electronics maker, opened a research center in Vietnam to develop software for the company’s Panasonic brand mobile phones and flat-screen televisions.
This centre in Hanoi plans to increase the number of researchers to 50 in 2009, from 20 now, Akira Kadota, a spokesman for Osaka-based Matsushita, said on 5 April. The company spent $506,000(Rs2,16,66,920) to establish the facility, he said.
Matsushita, which already makes household appliances, audio- visual equipment and electronic components in Vietnam, expects to benefit from the country’s lower labor costs. The second-fastest growing Southeast Asian economy is moving away from farming roots, with industry and construction now making up 41% of gross domestic product.