The Investment and Trade Promotion Centre and the Japan External Trade Organization (JETRO) hosted the third forum on Vietnam’s support industry in HCM City on August 1.
JICA assists Hanoi’s public transport
Hiroyuki Mizunoe, expert of the support industry development project under the Japan International Cooperation Agency said the promotion of local supply for Japanese companies operating in Vietnam is a top priority.
Under the project, Vietnam’s small and medium-sized enterprises will receive free assistance for between three months and a year.
As many as 29 Vietnamese businesses have so far benefited from the project, which will be carried out in 22 more firms in the near future.
JETRO statistics showed that the local supply of materials and spare parts reaches just 30 percent of Japanese companies’ need in Vietnam, lower than other countries need in the region.
The forum’s organisers announced that the fifth exhibition on supply and demand for the support industry and the Metalex – Nepcon Vietnam exhibition 2012 are due to take place in HCM City in October.