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Logo of Phnom Penh Post newspaper Phnom Penh Post - Vietnamese electrical firm will enter market

Vietnamese electrical firm will enter market

Vietnamese electrical manufacturer THIBIDI was set to begin operations in the Kingdom next year, company officials said yesterday, citing Cambodia’s growing power grid as a big factor in entering the market.

The company, which makes industrial-grade transformers, sees potential in Cambodia’s booming electricity sector, THIBIDI Cambodia administration director Nguyen Viet Manh says.

“We are interested in the Cambodian market because it’s in a neighboúring country and it’s developing,” he said at a seminar held yesterday in Phnom Penh.  “We see that general development in a society is linked to electric development.”

Greater electrification, as well as the expansion of Cambodia’s industrial sector, had created a need for electrical products, Chhoeug Oeun, general deputy director of state-owned Electricitie Du Cambodge, said.

“When there is electricity, the need for tools will increase,” he said, pointing to the December 7 inauguration of  Cambodia’s biggest dam. “So there is very big potential in our market.”

THIBIDI had invested $3 million in its Cambodian factory, which was expected to open in mid-2012 and would  employ between 100 and 120 people, Nguyen Viet Manh said.

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