Japan’s Kobuta Corporation, a leading manufacturer of agricultural machinery, has invested 800 million JPY (80 million USD) in building a tractor factory in the outskirts of Ho Chi Minh City.
The project is part of the corporation’s plan to expand its business operations in Asian countries, with a goal of tripling sales of agricultural machines on the continent to 150,000 units per year in 2013.
The factory is expected to become operational in October 2009.
Kobuta has also set a target to sell between 15,000-25,000 agricultural machines in Vietnam per year by 2013./.