The Japanese corporation Hioki, a manufacturer of electrical test and measuring solutions, has officially announced the establishment of its Vietnamese subsidiary, Hioki Electric Vietnam.

The move demonstrates its commitment to supporting Vietnam in its goal of achieving net-zero emissions and promoting sustainable development.

Since its commitment at the COP26 conference to achieve net-zero emissions by 2050, the Vietnamese government has intensified the implementation of numerous measures and actions to promote a green energy transition. As a result, Vietnam has increasingly become a promising market, attracting waves of investment and participation of international companies, particularly in the renewable energy and sustainable development sectors.

Mr. Takahiro Okazawa, President of Hioki Corporation, shared that Vietnam is the 11th country where the corporation has established a subsidiary.

"We consider the Vietnamese market a key market with strong future growth potential, thanks to the efforts of both the government and the private sector to promote carbon neutrality, coupled with the rising wave of investment and entry from foreign companies," he said.

Specifically, he added, in the future, the corporation aims to contribute to the creation and development of power sources from renewable energy, rather than fossil fuels, not only in Japan but also in many other countries, including Vietnam.

The first step is to expand the sales network in the Vietnamese market, because as the President of Hioki said, because many global companies, for instance those from China, South Korea, the US, and Europe, are currently entering the Vietnamese market.