Vietnam wants Japanese and Osaka firms to expand operations in the country, especially in farm produce processing and consumption, support industry, health care and technological transfer, said Prime Minister Nguyen Xuan Phuc.
VOV.VN - Three leading Japanese trade shows for the manufacturing support industry opened today (September 13) at the Cultural Friendship Palace at 91 Tran Hung Dao Street in Hanoi.
Many electronics and engineering companies have become first-class suppliers for foreign-invested enterprises (FIEs) in Vietnam.
Vice Chairman of the National Assembly Uong Chu Luu started his working visit to Japan from July 3.
Measures to involve Vietnamese small and medium-sized enterprises (SMEs) in the global market through digital solutions was discussed at a workshop held by the US-ASEAN Business Council and the Vietnam Chamber of Commerce and Industry (VCCI) in Ho Chi Minh City on June 15.
VOV.VN - Vietnam Exhibition on SMT & Testing Technologies, Equipment and Support Industries for Electronics Manufacturing (NEPCON Vietnam) will be held at Hanoi International Center of Exhibition at 91 Tran Hung Dao St on September 13-15, said a press conference on June 15.
Three exhibitions introducing auxiliary products for industries will be held concurrently in Hanoi from September 13-15, as part of activities to realise commitments of the Japanese Government to assisting support industry development in Vietnam.
Chief Representative of the Hanoi Office of the Japan External Trade Organisation (JETRO) Kitagawa Hironobu said Vietnam’s support industry has huge potential during the Vietnam Support Industry Forum in Hanoi on June 15.
The central province of Thua Thien-Hue has decided to pour nearly VND52 billion (US$2.26 million) into the support industry between now and 2025, towards meeting nearly 35% and 55% of local demand for industrial manufacturing by 2020 and 2025, respectively.
The project “Vietnam’s Supporting Industries to Europe” has improved manufacturing capacity of the sector after three years of implementation.
Japan has affirmed its position as one of the two largest investors in the southern province of Dong Nai by landing further investments in the locality from the outset of this year.
Industry and support industry enterprises in Ho Chi Minh City will have chance to access a credit package worth US$439.7 million in a programme launched by the municipal Department of Industry and Trade and the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank).
The Asia-Pacific Economic Cooperation (APEC) member economies have adopted the Support Industry Initiative proposed by Japan and Vietnam.
The HCM City People’s Committee plans to offer low-interest loans of no more than VND200 billion (US$8.8 million) with a maximum seven-year term to enterprises operating in the manufacturing or support industry.
The central province of Quang Nam held a conference on March 26, calling for investments in the automobile support industry, garment-textile, and entertainment services in coastal areas, hi-tech agriculture, and pharmaceutical industry.
The Ho Chi Minh City People’s Committee has issued regulations on interest support toward enterprises investing in the industrial sector and the support industry.
The northern province of Thai Binh hopes to have more than 9,000 enterprises by 2020, or 850-900 new ones per year between 2016 and 2020, under a scheme to develop the private sector and small and medium-sized enterprises.
Several of Vietnam’s important industrial sectors have yet to be paid due attention or have been invested in in an over-diversified or unplanned manner, resulting in low added value to the economy.
The southeastern region remains the most attractive destination for foreign direct investment (FDI) in Vietnam.
Linking small and medium-sized enterprises (SME) and selecting some of them to join the supply chain for FDI firms to boost support industry is among ideas to promote the role of SMEs in the industry’s growth that was given in a recent conference in Ho Chi Minh City.