Denmark’s Pedershaab Relocates to Vietnam from Thailand

Danish-owned Pedershaab A/S, who create machines for the production of concrete pipes for draining and sewers, are to move their headquarters in Asia from Thailand to Vietnam. The chief representative Tri Anh Hoang told the Danish daily Borsen on Wednesday that the company has had a quick breakthrough in the Vietnamese market helped by a  rapidly expanding economy. The market in Thailand is also close to maturity while Vietnam is investing more in infrastructure. Danida is also sponsoring several projects that require draining – such as water supply systems and road construction.

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