Danish firms intensify local presence

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SaigonTimes English - 34 month(s) ago 18 readings

Danish firms intensify local presence

HCMC – Danish firms are making efforts to intensify their presence in Vietnam on the occasion of the 40th anniversary of diplomatic ties between the two countries signified by the official visit of Danish Crown Prince Frederik.

Danish firms intensify local presence

By Hoang Phi and Tran Thu - The Saigon Times Daily

The opening ceremony of Novo Nordisk’s representative office in HCMC on Wednesday - Photo: Thu Nguyet
HCMC – Danish firms are making efforts to intensify their presence in Vietnam on the occasion of the 40th anniversary of diplomatic ties between the two countries signified by the official visit of Danish Crown Prince Frederik.

Vestas, the world’s largest wind power manufacturer, has penetrated the local wind power market as a supplier of technology and equipment and as an investor.

Sean Sutton, chairman of Asia and Pacific region of Vestas, reported that the group is installing three wind turbines for the Vietnam Oil and Gas Group (PVN) in the south-central province of Binh Thuan with total output of 6MW.

These turbines will help PVN to break even after fours or five years, Knud Bjarne Hansen, chairman of Vesta Tower, an arm of the Vestas group operating as a provider of wind power, told a seminar on Wednesday in HCMC.

Since Vietnam has great potential in wind power production, Vestas looks to transfer technology and provide equipment for the nation, Hansen said. Vestas is ready to support its partner to raise the public awareness of this form of green energy, stressed Hansen.

A commitment to support policies and finance by the Government is essential for the wind power segment to promote the potential of the nation which now has a total of 37 wind power projects under execution, according to Danish enterprises.

Tom Heron, division director of Niras, a Danish wind power consulting company, pointed out the price level of 7.8 U.S. cents per kWh set by Vietnam’s Government is still lower than the world average. He explained this is the reason why local wind power schemes have failed to attract investors so far.

However, Heron noted, what investors really target is long-term opportunities in the next 10-15 years as well as ample wind power at home.

Another Danish company Novo Nordisk, officially opened its representative office on Wednesday in HCMC with an aim to strengthen its business activities in the local market.

According to Novo’s vice chairman Jesper Hoiland, the firm’s products entered the local market in 1999 via a domestic pharmacy distributor.

In the foreseeable future, Novo plans to set up a sales group to directly launch its new diabetic medicines onto the local market. Also, Hoiland told the Daily that the business will carry out studies on new diabetic treatment methods in Vietnam.

Statistics by the Vietnam Association of Diabetes Educators showed that the proportion of diabetic patients in 2008 was 5.8%, doubling the 2.7% rate in 2002.

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