Aqua Vietnam has announced a significant milestone in its long-term growth strategy by extending its operation license at Bien Hoa 2 Industrial Park in southern Dong Nai province until 2045, backed by a total investment of more than VND1.5 trillion (nearly $60 million).
The investment extension through 2045 reaffirms the brand’s long-term commitment to the Vietnamese market, said General Director of Aqua Vietnam, Mr. Fan Guofeng, at an event marking the company’s 30th anniversary in Vietnam on January 28.
It also highlights Aqua’s ambition to expand production capacity and enhance product quality to serve both domestic and international consumers.
“This initiative is an integral part of Aqua Vietnam’s strategic vision through 2045. The company plans to increase the total annual capacity of its three factories to approximately 1.6 million units, with washing machines and refrigerators each accounting for 800,000 units. This move demonstrates that Aqua Vietnam is well-prepared to meet the rising demands of the market, catering not only to domestic needs but also to exports across Asia and Europe,” said Mr. Guofeng.
According to data from GfK, Aqua holds a 27% market share in washing machines in Vietnam by sales volume, successfully maintaining its status as one of the most preferred brands in the market.
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