Vietnam had huge potential as the government was seeking to replace traditional lights with eco-friendly and high-efficiency lights, said Alex Lee, managing director of Korean company Stavis Korea. About 40 per cent of Vietnam’s entire electric power consumption is from lighting and the government has announced Vietnam would phase out incandescent lamps by 2016. Lee said he knew foreign and domestic companies were cashing in on the trend. For example, Japan’s Shin-Etsu Chemical is making its first investments in Vietnam by establishing two production bases, one for the manufacture of silicone materials for high-brightness LED packaging and the other for the separation and refinement of rare earths used in the production of lighting products and household appliances for Shin-Etsu Magnetics Corp. The former project, worth $38 million, is scheduled to start operations in March 2013 and the latter, a $26 million investment, in February 2013. The former is located in Thang … [Read more...] about Vietnam’s lighting industry is set to glow.
Vietnam led lighting manufacturers
VietNamNet Bridge - There are some positive signals coming from the clean energy sector in Vietnam with a number of energy saving investment projects getting the green light. Korean LED lighting manufacturer Fawoo Technology and Kim Dinh International Group Joint Stock Company have just set up a new joint venture Fawoo-Kidi Company Limited (FK Tech) to kick-off an energy saving project in Saigon Hi-Tech Park (SHTP) in Ho Chi Minh City. The $12.3 million project, which was licenced this month and scheduled to start production in 2012, aims to research, develop and manufacture high quality, power-saving and cost-efficient LEDs. The products will be used in homes and as decorative public lighting. Also, FK Tech will invest in research and development so that in the long-term the company can supply LED lighting technology to key sectors in Vietnam such as the agriculture, fisheries and petroleum industries. Le Thai Hy, head of SHTP’s management board, said FK Tech’s project, … [Read more...] about Energy-saving projects getting the green light
Foreign investors have shown their interest in production of lighting systems using light-emitting diode (LED) technology which are 30-90 percent more efficient than incandescent light bulbs.—Photo thietbichieusang HA NOI (Biz Hub)— Foreign investors have shown their interest in production of lighting systems using light-emitting diode (LED) technology which are 30-90 percent more efficient than incandescent light bulbs. At the recent Environment and Energy Technology (ENTECH) Hanoi 2013 Exhibition, China 's Hua Bo Industrial Company said it will build a US$5 million factory in Viet Nam to produce LED lights. The company has applied for an investment certificate, which is expected to be granted in the next one or two months. It will start operation next September, with over 200 types of LED lights and devices used in the electronics industry. According to the Vietnam Academy of Science and Technology (VAST), Hua Bo's project is one of numerous LED projects to come to … [Read more...] about LED bulbs attract overseas attention
Vietnam is becoming a magnet for foreign investors engaging in manufacturing light emitting diode technology. Ho Chi Minh City-based FawooKidi Technology, a $12.3 million joint venture between locally-owned Kim Dinh Company (65 per cent) and South Korean-backed Fawoo Technology company (35 per cent), said it was the first foreign-invested company to manufacture light emitting diode (LED) technology in Vietnam. “LED products can help save 80 per cent of power. With such advantages as energy efficiency, high luminescence efficiency and high durability and diverse styles, LED products are becoming attractive to Vietnamese consumers,” said FawooKidi Technology chairman Le Trong Dinh. “Our products will be used in agriculture, fisheries, transport, electronics and oil sectors,” Dinh told VIR. The company, which opened in March, 2010, churns out over 8,000 LED lamps per day. Phan Hong Khoi, managing director of the Vietnam Energy Efficiency Public Light (VEEPL) … [Read more...] about LEDs prove a shining light