Toyota to enhance domestic auto supporting industry
Toyota Motor Vietnam and the Industry Agency under the Ministry of Industry and Trade have signed a Memorandum of Understanding for a project to enhance domestic enterprises' supporting industry.
At the signing ceremony (Photo: VNA) According to Toyota, the project is implemented to strengthen the capability and cooperation between domestic enterprises and automakers from 2022 to 2023.
It is the third year Toyota Vietnam and the agency have worked on the project, demonstrating the firm's efforts to increase the localisation rate, support Vietnamese suppliers, and a commitment to accompany the development of the Vietnamese automobile and supporting industry.
The project includes screening manufacturing enterprises and making a list of potential suppliers of automotive parts and components to connect with automobile assemblers and manufacturers in the country, organising field visits at the Toyota Vietnam factory and Toyota's domestic suppliers, and support for participation in training under several Vietnamese suppliers development programmes.
In 2022, they will conduct a new activity called the "operational Kaizen support" program for some enterprises, which Toyota will support by sending experts to periodically work at the enterprise, thereby helping to improve operational efficiency.
Toyota Vietnam president Ueda Hiroyuki said: “Through activities in the project, Toyota Vietnam hopes to further contribute to improve suppliers’ capability and expand Vietnamese supplier network as well as contribute to the development of the Vietnam Automobile Supporting Industry."
After two years of implementing the project, Toyota Vietnam has recruited one supplier and is selecting six potential suppliers.
It has also organised training courses on improving work efficiency for 45 suppliers and conducted visits to Toyota suppliers and seminars to share practical experiences in supplier development and Toyota's recruitment criteria./.
You should also see
Dien Bien Phu Victory remains source of encouragement for national construction, development
Chief of the General Staff of the Vietnam People’s Army and Deputy Minister of National Defence Senior Lieutenant General Nguyen Tan Cuong has granted an interview to the Vietnam News Agency on the occasion of the 70th anniversary of Dien Bien Phu Victory (May 7, 1954-2024).
See more
Business
Tra Vinh exports organic coconut flower nectar to Australia
The Tra Vinh Farm Co., Ltd (Sokfarm) in the Mekong Delta province of Tra Vinh has successfully exported its first shipment of organic coconut flower nectar products to Australia - the fifth main importer of the locality’s product.
Business
Real estate market thrives, entities ready to re-enter market
The real estate market has witnessed positive developments, with a slew of projects, including billion-dollar projects, being announced and called for investment in the first quarter of 2024.
Business
Garment & textile sector tries to keep growth momentum
The Vietnamese garment and textile sector is carrying out various measures to bolster production and business activities amidst formidable challenges posed by falling demand, high inventory, and geopolitical instability in several countries, according to insiders.
Business
Central bank to resume gold bar bidding after 11 years
The State Bank of Vietnam (SBV) will resume gold bar bidding after 11 years, aiming to increase the supply of gold to the market, promptly and immediately settle the high difference in domestic and international gold prices, thus ensuring the gold market operates in a safe and stable, healthy, open, transparent and effective manner in accordance with the Prime Minister's direction.
Business
Hai Phong Techfest connects Vietnamese, RoK businesses
The Department of Science and Technology of the northern port city of Hai Phong is organising the International Techfest Connect 5+, a science and technology festival to promote connectivity in the northern coastal region, from April 15-16.
