Along with China and India, Vietnam is a country attracting great interest as a newly developing country enjoying enormous growth. Many Japanese manufacturers hold interest in Vietnam, eyeing the country as a potential base for plants.
On the outskirts of Hanoi, the capital of Vietnam, Sumitomo Corporation has developed two significant industrial parks. One is the 274-hectare Thang Long Industrial Park (TLIP), located halfway between Hanoi City and Noi Bai International Airport. The other is Thang Long Industrial Park II (TLIP II), constructed alongside a national highway that connects Hanoi City with Hai Phong port. The former was completed in 1997 and the latter in 2009.
Within TLIP, a total of 86 companies, mainly Japanese firms involved in such fields as electronics and machinery, have taken up occupancy. Exports from TLIP make up almost 5% of Vietnam’s total annual exports in terms of value, and TLIP generates employment for about 50,000 Vietnamese workers.
Behind TLIP’s success are the members of Sumitomo Corporation, who energetically devoted themselves to not just making profit for the company, but to the good of everyone involved— the clients, their employees, and local residents.