At the event (Photo: congthuong.vn) Hanoi (VNA) – The11th Vietnam Manufacturing Exhibition and the 8th Vietnam-Japan Supporting Industries Exhibition opened in Hanoi on August 14,showcasing latest technologies and modern machinery in the manufacturing andsupport industries.
The three-day events, jointly held by the Ministry of Industry and Trade, ReedTradex Vietnam, and the Japan External Trade Organisation (JETRO), 200 boothsof exhibitors from 20 countries and territories.
According to Deputy Minister of Industry and Trade Do Thang Hai, the supportindustry plays an important role in improving labour productivity and ensuringeconomic development.
Although many Vietnamese support industry firms have participated in the globalvalue chain, their management and production capacity as well as technologiesare still poor, and have to import a large amount of components for production,he said.
The exhibitions are expected to create an opportunity for Vietnamese andJapanese businesses to meet, promote cooperation and enhance trade connectionsin the time ahead, thus helping increase the competitiveness of Vietnamesesupport industry, Hai stressed.
Meanwhile, Hironobu Kitagawa, chief representative of JETRO in Hanoi, said that70 percent of Japanese enterprises operating in Vietnam have expressed theirinterest to expand production in the country, and described the Southeast Asiancountry as an effective and attractive market.
The number of Japanese investment projects in Vietnam hit a record high of 630in 2018, while Japan’s procurement of Vietnamese components and materials hassurged remarkably since 2010.
He said creating chances for enterprises of both sides to boost cooperation is aneffective way to serve long-term operation of Japanese businesses in Vietnam.
“The exhibitions aim to develop Vietnam’s support industry, increase the localcontent, and encourage Japan’s purchase of Vietnamese spare parts”, hehighlighted.-VNA
The three-day events, jointly held by the Ministry of Industry and Trade, ReedTradex Vietnam, and the Japan External Trade Organisation (JETRO), 200 boothsof exhibitors from 20 countries and territories.
According to Deputy Minister of Industry and Trade Do Thang Hai, the supportindustry plays an important role in improving labour productivity and ensuringeconomic development.
Although many Vietnamese support industry firms have participated in the globalvalue chain, their management and production capacity as well as technologiesare still poor, and have to import a large amount of components for production,he said.
The exhibitions are expected to create an opportunity for Vietnamese andJapanese businesses to meet, promote cooperation and enhance trade connectionsin the time ahead, thus helping increase the competitiveness of Vietnamesesupport industry, Hai stressed.
Meanwhile, Hironobu Kitagawa, chief representative of JETRO in Hanoi, said that70 percent of Japanese enterprises operating in Vietnam have expressed theirinterest to expand production in the country, and described the Southeast Asiancountry as an effective and attractive market.
The number of Japanese investment projects in Vietnam hit a record high of 630in 2018, while Japan’s procurement of Vietnamese components and materials hassurged remarkably since 2010.
He said creating chances for enterprises of both sides to boost cooperation is aneffective way to serve long-term operation of Japanese businesses in Vietnam.
“The exhibitions aim to develop Vietnam’s support industry, increase the localcontent, and encourage Japan’s purchase of Vietnamese spare parts”, hehighlighted.-VNA
VNA
