The signing ceremony between An Bien Group, Panasonic, and Solahart took place on 28/6 in Ho Chi Minh City. The agreement opens a new development direction for An Bien Group, completing its ecosystem of high-end interior and construction equipment.
Do Tuan Phong, Vice President of An Bien Group, said the cooperation with Panasonic and Solahart aims to expand the equipment ecosystem with diverse product lines, focusing on energy-saving and environmentally friendly solutions. This is also the company's commitment to bringing practical value to Vietnamese consumers.
Based on the core values of "Heart - Loyalty - Wisdom - Prosperity", An Bien Group focuses on product quality, sustainable development, and building strong relationships with partners and customers.
 |
An Bien representative (left) hands over the signed agreement to the Panasonic representative during the event on 28/6. Photo: An Bien Group |
An Bien representative (left) hands over the signed agreement to the Panasonic representative during the event on 28/6. Photo: An Bien Group
Established in 2003, An Bien Group operates in the field of building materials and solutions. Since 2018, the company has strengthened cooperation with international brands like Toto, Yale, Ariston, and Stiebel Eltron, expanding its product portfolio from bathroom fixtures and smart locks to water heaters and household appliances. The company currently has a nationwide distribution network and showrooms in Hanoi, Hai Phong, Nha Trang, Ho Chi Minh City, and Quang Ninh.
Panasonic is a renowned Japanese brand with products highly regarded for their durability, performance, and safety. The brand focuses on developing green technology solutions and energy-saving measures to improve the quality of life and protect the environment. Shuji Aoyama, Head of Lighting at Panasonic Vietnam, highly valued this partnership to promote the trend of using quality, sustainable, and environmentally friendly household electrical equipment. "The cooperation with An Bien Group opens up the opportunity to bring high-end technology products to a wider range of Vietnamese consumers," the Panasonic representative said.
 |
Atmosphere at the signing ceremony. Photo: An Bien Group |
Atmosphere at the signing ceremony. Photo: An Bien Group
Solahart is a solar energy brand from Australia. The company entered Vietnam in 2014 through Rheem Vietnam Co., Ltd. Solahart has a solar panel and water heater factory in Binh Duong, with an initial investment of over 20 million USD.
At the signing ceremony, Matthew James Chessum, General Director of Solahart Vietnam, said the cooperation will bring high-performance and safe solar water heating solutions to the Vietnamese market. This is an important step in changing traditional energy consumption habits towards a more sustainable green future.
The water heater market in Vietnam was estimated to be worth around 240 million USD in 2024, with an annual growth rate of nearly 10%, and is expected to reach about 460-580 million USD by 2030. The demand for water heaters is increasing rapidly thanks to rapid urbanization, the rise of the middle class, and the development of the tourism and hotel industry.
Meanwhile, the lighting and LED market in Vietnam is also large, reaching approximately 566 million USD for the entire lighting industry and 735 million USD for the LED market alone in 2024, forecast to increase to over 1.2 billion USD by 2033 with an annual growth rate of over 6%.
Representatives of An Bien, Solahart, and Panasonic share after the event. Video: An Bien Group
According to an An Bien representative, the development of energy-saving lighting technologies and the need to replace old equipment have contributed to the growth of this market. With a diverse ecosystem and extensive distribution capacity, the company expects to meet the trend of smart home development and energy saving, which is becoming increasingly popular in Vietnam.
Thai Anh
