Connecting Vietnamese, Japanese supporting firms
However, Thang added, Hanoi in particular and Vietnam in general still lack a lot of experience compared with other countries in the region in developing supporting industries. Appropriate policies and mechanisms and suitable solutions are needed for Vietnam and the capital city to keep pace with the region and the world in this field.
The 2023 Hanoi Supporting Industry Fair brings many trade opportunities - photo: Nguyen Duyen |
Seminar participants discussed investment trends of Japanese firms and opportunities for their investment in Hanoi’s high technology and supporting industries. Vietnamese companies shared their successful experience in participating in the supply chains of major enterprises and large corporations. Participants also talked about the existing conditions as well as the potential of the Vietnamese molding industry from the viewpoint of Japanese specialists.
According to Noboru Kinoshita, International Consultant at Aichi Industry Promotion Organization, Japan, Japanese small- and medium-sized enterprises are increasingly interested in Vietnam. The number of companies seeking consultancy on investment in Vietnam has increased, mostly in the fields of computer repair, network maintenance, and information technology application in production.
However, when investing in Vietnam, Japanese companies remain unsatisfied with the unclear taxation system and a lack of specific regulations on foreign direct investment (FDI) incentives. They are also worried about competition and material and component shortages.
The Hanoi Supporting Industry Fair is an annual event with its first edition taking place in 2017, helping connect Vietnamese companies with those from Japan and other countries. Good awareness of the strengths and weaknesses of Vietnamese manufacturers enables the organizing board to make suitable recommendations to connect them with foreign partners.
For their part, the fair offers Japanese firms a chance to meet and discuss cooperation opportunities with Vietnamese companies participating in the fair, as well as to seek information about those having demand for products introduced at the fair.
The seminar provided information about supporting industry development in Vietnam and the rest of the world, thus helping improve policies and mechanisms in this field to enable Vietnam to attract more investment in high technology and supporting industries.
The seminar enabled participating companies to learn from the experience of developing business and products in the supporting industry sector, helping them bring into play their strengths for participation in domestic supply chains in the Hanoi Capital Region and the global supply chains of multi-national groups and FDI companies.
See also
Mechanical supporting industry needs long-term solutions
06:00 | 14/05/2024 Support industries
More support for domestic automobile industry
08:09 | 13/05/2024 Support industries
More connection needed for market expansion
06:00 | 29/04/2024 Support industries
Leather & footwear industry to increase local content
06:00 | 11/04/2024 Support industries
Vietnam to master mold manufacturing technology
06:00 | 27/03/2024 Support industries
Greater support for domestic firms to join global supply chains
06:00 | 12/03/2024 Support industries
See more news
Material, spare part self-supply imperative
06:00 | 03/02/2024 Support industries
Downstream industries key to development of mechanical supporting industry
06:00 | 20/01/2024 Support industries
Developing supporting industries towards building a self-reliant industry
10:01 | 08/01/2024 Support industries
Toolkit for manufacturing, support industries launched
06:00 | 05/01/2024 Support industries
Localization is no longer a dream
06:00 | 24/12/2023 Support industries
VIMEXPO 2023 promotes connections for development
06:00 | 04/12/2023 Support industries
Runway for supporting industry to take off
14:05 | 13/11/2023 Support industries
Supporting industry giants favour Vietnamese market
06:00 | 08/11/2023 Support industries
Global engineering firms interested in Vietnam
06:00 | 03/11/2023 Support industries
Footwear support industry needs strong breakthroughs
06:00 | 20/10/2023 Support industries
Leaders pay tribute to President Ho Chi Minh to mark his 134th birthday
10:05 | 19/05/2024 News and Events
Hà Nội Metro announces profit from the Cát Linh–Hà Đông metro line
10:00 | 19/05/2024 Economy
Cement makers call for scraping of clinker export tax
09:00 | 19/05/2024 Economy
Tourism sector goes green for sustainable development
08:22 | 19/05/2024 Tourism
Digital transformation in logistics - a key to unlocking sustainable e-commerce and economic development
07:00 | 19/05/2024 Economy
Multimedia
Việt Nam plans to preserve ethnic minorities’ intangible cultures at risk of disappearing
06:00 | 15/05/2024 Lifestyle
The Hải Phòng Red Flamboyant Festival celebrated the city's special UNESCO status
16:49 | 13/05/2024 Lifestyle
HCM City: top spot in Việt Nam for slow travel lovers
09:00 | 13/05/2024 Tourism
The Anam Cam Ranh named among Vietnam’s best family hotels
06:00 | 11/05/2024 Vietnamese Brands
Nguyễn Dynasty Urns in Huế make it to the UNESCO Memory of the World List
07:00 | 11/05/2024 Lifestyle
Tax, land rent payment deadlines to be extended this year
06:00 | 19/05/2024 Policy
Ministry proposes tax filing deadline extension for 2024
06:00 | 17/05/2024 Policy
Viet Nam targets to have 2 million enterprises by 2030
07:00 | 15/05/2024 Policy
Law on Telecommunications hoped to promote development of new telecoms services
06:00 | 13/05/2024 Policy
Energy giants plan for national power plan
06:00 | 18/05/2024 Energy
Vietnam charts vision for sustainable, modern fisheries
06:00 | 16/05/2024 Industry
Vietnam should seize opportunity to join global semiconductor supply chain
08:00 | 15/05/2024 Industry
Việt Nam's wood industry strives to match sustainable wood demands
07:00 | 14/05/2024 Industry
Delegation from EU, Netherlands explore investment opportunities in Thai Nguyen
07:10 | 18/05/2024 FDI
Desk established in Dong Nai to support Japanese investors
09:02 | 16/05/2024 Investment
Vietnam should not miss opportunities to attract FDI
08:00 | 14/05/2024 FDI
New wave of Chinese investment
06:00 | 12/05/2024 FDI
Banks raise interest rates to attract depositors
16:47 | 17/05/2024 Finance-Banking
Credit access obstacles lifted for collective economic entities
06:00 | 16/05/2024 Finance-Banking
Government urged to narrow domestic, global gold price gap
08:36 | 15/05/2024 Finance-Banking
Biometric verification ensures safer money transfers
17:23 | 13/05/2024 Finance-Banking
First provincial biodiversity museum launched in Quảng Nam
06:00 | 19/05/2024 Environment
Enhancing informal sector’s role in EPR implementation
06:00 | 18/05/2024 Environment
Centre opened to serve environmental data integration, monitoring network operation
06:00 | 16/05/2024 Environment
Capacity building for policy makers, large emitters on ETS and carbon market
08:48 | 15/05/2024 Environment
Semiconductor investment prioritized
06:29 | 17/05/2024 Science - Technology
Full cyber stream ahead Bắc Giang focuses on digital society development
06:00 | 11/05/2024 Science - Technology
35 localities piloting four-wheel EVs for tourists, despite no official legal regulations
07:00 | 09/05/2024 Science - Technology
2024 VinFuture Prize records 1,469 nominations
06:00 | 07/05/2024 Science - Technology
HCM City to complete 183km of metro routes by 2035
06:00 | 17/05/2024 Society
Railway sector gets creative to attract passengers
07:00 | 15/05/2024 Society
Việt Nam’s largest high-speed ship service from HCM City to Côn Đảo launched
07:00 | 14/05/2024 Society
Central Highlands to become renewable energy hub
08:58 | 13/05/2024 Society
Vietnamese agricultural products to take part in Foodservice Australia 2024
15:08 | 17/05/2024 Vietnamese Brands
PV GAS launches Month of Workers
10:22 | 16/05/2024 Companies
National Brand Program promotes prestigious Vietnam
13:09 | 15/05/2024 Vietnamese Brands
Largest made-in-Vietnam bulk carrier launched
17:07 | 13/05/2024 Vietnamese Brands
Việt Nam plans to preserve ethnic minorities’ intangible cultures at risk of disappearing
06:00 | 15/05/2024 Lifestyle
The Hải Phòng Red Flamboyant Festival celebrated the city's special UNESCO status
16:49 | 13/05/2024 Lifestyle
Nguyễn Dynasty Urns in Huế make it to the UNESCO Memory of the World List
07:00 | 11/05/2024 Lifestyle
European Literary Days focuses on gender
06:00 | 09/05/2024 Lifestyle
Tourism sector goes green for sustainable development
08:22 | 19/05/2024 Tourism
Vietnamese tourism information centre opened in India
08:00 | 18/05/2024 Tourism
Mysterious 'floating' lake discovered in Quảng Bình
16:54 | 13/05/2024 Tourism
HCM City: top spot in Việt Nam for slow travel lovers
09:00 | 13/05/2024 Tourism