Yokogawa Electric Corporation of Japan announces a plan to establish a subsidiary in Vietnam that will provide engineering and maintenance services and increase the competitiveness of its industrial automation and control business in this country, which is experiencing sustained rapid economic growth.Prompted by the rapidly increasing demand for oil and natural gas in the global market, many oil and natural gas development projects including the construction of new chemical plants are currently underway in Vietnam.In 2003, Yokogawa established a representative office in Hanoi that has been developing the Vietnamese industrial automation and control market in cooperation with local sales representatives.To further expand this business, Yokogawa considers it essential to have facilities and personnel for providing engineeringand maintenance services in this market. Yokogawa Vietnam is being planned for this purpose.www.yokogawa.com
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