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Conference links Vietnamese, Japanese firms in supporting industries

Twenty-one Vietnamese enterprises in supporting industries and 48 Japanese businesses took part in an online conference on June 10, where they exchanged information and sought partners.
Conference links Vietnamese, Japanese firms in supporting industries ảnh 1Conference links Vietnamese, Japanese firms in supporting industries. (Photo: VNA)
Hanoi (VNA) - Twenty-oneVietnamese enterprises in supporting industries and 48 Japanesebusinesses took part in an online conference on June 10, where they exchanged informationand sought partners.

Vu Ba Phu, Director of the Vietnam TradePromotion Agency (Vietrade) at the Ministry of Industry and Trade, briefed theconference on Vietnam’s foreign trade activities, with export revenue in thefirst five months of this year estimated at 130.94 billion USD, up 30.7 percentyear-on-year.

The export value of phones and spare partsincreased 19.6 percent; computers, electronics and components 26 percent; andmachinery, equipment, tools, and spare parts 74.8 percent, he continued.

Vietnamese enterprises in supporting industriesare growing in terms of both number and quality, and integrating intensivelyinto global production chains, Phu said.

They account for nearly 4.5 percent of enterprisesoperating in the processing and manufacturing sector, generate jobs for morethan 600,000 workers, or nearly 8 percent of the workforce in the processing and manufacturing sector, and contribute 11percent of total revenue in the sector. 

In his remarks, Masataka Fujita, SecretaryGeneral of the ASEAN-Japan Centre (AJC), pledged that it will make greaterefforts in promoting trade between Vietnam and Japan in the future.

Akutsu Michio, an expertfrom the Association of International Business Advisors, meanwhile, pointed outthe challenges to Vietnamese supporting enterprises such as low productivityand a shortage of trained workers.

He suggested enterprises improvetheir production capacity and product quality and take measures to attract high-qualityworkers, saying that apart from providing products for Japanese enterprises inVietnam, domestic businesses should also seek partners abroad.

To facilitate thesupporting industries, the Vietnamese Ministry of Industry and Trade launched a database in June 2020 that provides information on more than 3,600 domestic firms operating inmechanics, auto, electronics, and garment-textiles./.
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