Japan to help firms to move production bases to Southeast Asia
Japan will launch a subsidy programme to encourage domestic manufacturers to transfer their overseas production bases to Southeast Asia, as the coronavirus pandemic has greatly disrupted their supply chains heavily dependent on China.
Japanese office workers walk on a street in front of the Bank of Japan headquarters in Tokyo. (Photo: Reuters)
Hanoi (VNA) - Japan will launch a subsidy programme to encouragedomestic manufacturers to transfer their overseas production bases to SoutheastAsia, as the coronavirus pandemic has greatly disrupted their supply chainsheavily dependent on China.
The 23.5 billion yen (220 million USD) programme, incorporated into thegovernment's emergency stimulus package to ease the economic fallout from thepandemic, will help firms diversify their supply chains by financiallyassisting the construction of production facilities as well as feasibilitystudies in ASEAN countries, Japan’s Kyodo news reported.
The initiative came after many automakers and other manufacturers suffered ashortage of parts produced in China after the new coronavirus outbreak startedlate last year in the central Chinese city of Wuhan.
In another effort to reinforce supply chains, the Japanese government willspend 220 billion yen to promote domestic output of items that are currentlyheavily imported from certain areas. Also included in the stimulus, thesubsidies will financially support the relocation of Japanese firms' overseasproduction sites back home.
The programme will also target manufacturers of items essential for Japanesepeople to "lead a healthy life" amid the outbreak, including facemasks and alcohol sanitizers. They can receive subsidies when they newly openfactories or boost their existing output capacity in Japan./.
Vietnam is a strong candidate among the alternative investment destinations as Japanese enterprises are moving away from China due to the COVID-19 pandemic, according to Hirai Shinji, Chief Representative of the Japan Trade Promotion Organisation (JETRO) in Ho Chi Minh City
ASEAN and Japan have agreed to support each other in coping with the COVID-19 pandemic by focusing on easing its impact, enhancing economic flexibility, promoting export and solving problems faced by small- and medium-sized enterprises, according to the Thai Ministry of Commerce.
ASEAN member nations have agreed to commit to a prevention plan, with each country sharing information through the Tourism Crisis Communications Team, as well as seeking cooperation from international organizations to together to revive travel confidence following the pandemic.
Singapore and Japan issued a joint statement on May 1 agreeing to deepen bilateral economic cooperation to secure supply chains for essential goods and strengthen economic resilience amidst the COVID-19 pandemic.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Japanese office workers walk on a street in front of the Bank of Japan headquarters in Tokyo. (Photo: Reuters) 
