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Marmon Fastener Leases Factory in Southern Vietnam
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2025-11-13
Marmon Fastener will lease a 6,000-square-meter ready-built factory in Dong Nai Province, southern Vietnam, to manufacture screws for the North American market. The deal was facilitated by property firm Savills Vietnam. After two years of studying the country, Vietnam was chosen for its first investment, according to Chairman Steve Semmler. Leasing a ready facility reduces deployment time and leverages Vietnam’s skilled labor, stable investment environment, and competitive costs, while strengthening global manufacturing capacity and diversifying supply chains beyond North America. Savills HCMC’s industrial services manager Phan Cuu Chi said this move reflects growing American investor confidence in Vietnam as a manufacturing hub within Asia’s supply chain. Vietnam’s advantages in cost, human resources, and location continue to attract multinational expansion.
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2025-11-13
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