The manufacturing of parts is fundamental to the growth of allindustries including motorbike, automotive and electronics, the managingdirector of Reed Tradex Co said.
Chainarong Limpkittisinwas speaking at the opening ceremony for three exhibitions on supportindustries held on Sept. 15 in Hanoi.
Chainarong said ahealthy parts-making sector will help Vietnam reduce import costs,enhance the efficiency of its productivity and improve product value,thereby strengthen the country's economy as a whole.
TheVietnamese Government has provided increasing support over the years tolocal parts' makers. However, it is necessary for domestic manufacturersto further upgrade machinery and access to advanced technologies tobetter meet demand, he said.
The Reed Tradex-hostedVietnam Manufacturing Expo, along with the Industrial Components andSubcontracting Vietnam Expo and the fourth Vietnam-Japan Exhibition onSupport Industries would help parts' manufacturers find the technologiesthey need, as well as future customers, Chainarong said.
Difficulties in purchasing parts are one of biggest challenges facingJapanese enterprises in Vietnam, said Takezo Yanagida, executive vicepresident of the Japan External Trade Organisation (JETRO) in Hanoi,which organised the fourth Vietnam-Japan Exhibition on SupportIndustries.
A recent JETRO survey found that the ratio ofcomponents purchased by Japanese companies in Vietnam was far lower thanin other ASEAN countries.
As a result, enterprises wereforced to import parts from other nations in the region such as Japan,Thailand and China. That has weakened competition of firms finishedproducts, as well as reduced Vietnam's trade turnover, Yanagida said.
He said he hoped the fourth Vietnam-Japan Exhibition on SupportIndustries will make an effective contribution to developing theVietnamese support industries, and boosting cooperation betweenVietnamese and Japanese parts manufacturers.
Meanwhile,Nguyen Van Suu, vice chairman of the Hanoi People's Committee , said thethree events will not only help parts producers expand their operationsbut also give State authorities the chance to review the role andstatus of the sector as a whole. The State will then be able to draw upstrategies to further assist the sector.
The three expos will end on Sept. 17.
Meanwhile, the Centre for the Promotion of Imports from developingcountries (CBI), an affiliate of the Netherlands' Ministry of ForeignAffairs, introduced its Engineering Export Coaching Programme toVietnamese industrial exporters at the Vietnam Manufacturing Expo.
Under the programme, companies will receive individual support by meansof on-site consultancy, training schemes, market information,trade-fair participation and business-to-business activities.
Depending on specific needs, they will receive support in the fields ofbusiness development, certification and product-improvement. Over threeto five years, SME exporters would be able to improve theircompetitiveness in European markets, CBI said. /.
Chainarong Limpkittisinwas speaking at the opening ceremony for three exhibitions on supportindustries held on Sept. 15 in Hanoi.
Chainarong said ahealthy parts-making sector will help Vietnam reduce import costs,enhance the efficiency of its productivity and improve product value,thereby strengthen the country's economy as a whole.
TheVietnamese Government has provided increasing support over the years tolocal parts' makers. However, it is necessary for domestic manufacturersto further upgrade machinery and access to advanced technologies tobetter meet demand, he said.
The Reed Tradex-hostedVietnam Manufacturing Expo, along with the Industrial Components andSubcontracting Vietnam Expo and the fourth Vietnam-Japan Exhibition onSupport Industries would help parts' manufacturers find the technologiesthey need, as well as future customers, Chainarong said.
Difficulties in purchasing parts are one of biggest challenges facingJapanese enterprises in Vietnam, said Takezo Yanagida, executive vicepresident of the Japan External Trade Organisation (JETRO) in Hanoi,which organised the fourth Vietnam-Japan Exhibition on SupportIndustries.
A recent JETRO survey found that the ratio ofcomponents purchased by Japanese companies in Vietnam was far lower thanin other ASEAN countries.
As a result, enterprises wereforced to import parts from other nations in the region such as Japan,Thailand and China. That has weakened competition of firms finishedproducts, as well as reduced Vietnam's trade turnover, Yanagida said.
He said he hoped the fourth Vietnam-Japan Exhibition on SupportIndustries will make an effective contribution to developing theVietnamese support industries, and boosting cooperation betweenVietnamese and Japanese parts manufacturers.
Meanwhile,Nguyen Van Suu, vice chairman of the Hanoi People's Committee , said thethree events will not only help parts producers expand their operationsbut also give State authorities the chance to review the role andstatus of the sector as a whole. The State will then be able to draw upstrategies to further assist the sector.
The three expos will end on Sept. 17.
Meanwhile, the Centre for the Promotion of Imports from developingcountries (CBI), an affiliate of the Netherlands' Ministry of ForeignAffairs, introduced its Engineering Export Coaching Programme toVietnamese industrial exporters at the Vietnam Manufacturing Expo.
Under the programme, companies will receive individual support by meansof on-site consultancy, training schemes, market information,trade-fair participation and business-to-business activities.
Depending on specific needs, they will receive support in the fields ofbusiness development, certification and product-improvement. Over threeto five years, SME exporters would be able to improve theircompetitiveness in European markets, CBI said. /.
