Exhibition organiser Reed Tradex Vietnam and the Japan External Trade Organisation (JETRO) on May 30 signed a cooperation agreement to organise the Vietnam-Japan Supporting Industry Exhibition (SIE 2019) and the Vietnam Manufacturing Expo (VME 2019) from August 14-16 in Hanoi.
Thriving economic cooperation has been a highlight of the Vietnam-Japan extensive strategic partnership, with bilateral trade value growing steadily towards a more balanced relationship in recent years.
The Ho Chi Minh City People's Committee is likely to approve a project to promote support industries next month, heard the "Vietnam - Japan Supporting Industry Forum".
The Ho Chi Minh City Export Processing and Industrial Zones Authority
(HEPZA) and the Japan External Trade Organisation (JETRO) on July 25
announced the establishment of the Vietnam-Japan Supporting Industry
Forum (VIETPANSIF).
Despite a decrease in FDI attraction, Japanese investors want to inject
more investment or increase their involvement in Vietnam through
purchasing Vietnamese company shares.
Vietnam ’s supporting industry is expected to develop as a number of
the world leading groups are expanding their network of satellite
producers in the Southeast Asian nation.
Samsung, the leading
high-tech group from the Republic of Korea (RoK) plans to expand a
network of suppliers in Vietnam to 192, with half being local
companies, to produce and supply parts for production in its new
manufacturing complex.
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