Vietnam’s supporting industry qualified for well-developed production
Vietnam’s supporting industry has been keeping up with the pace of global modern production industry, said experts attending the New Value Creation Exhibition 2018, which is taking place in Tokyo, Japan from November 14-16.
Tokyo (VNA) – Vietnam’s supporting industry has been keeping upwith the pace of global modern production industry, said experts attending theNew Value Creation Exhibition 2018, which is taking place in Tokyo, Japan fromNovember 14-16.
Ten Vietnamese supporting enterprises, together with more than 700 foreignfirms, brought along various products – ranging from electronics and industrialproduction to consumer goods – along to the exhibition, which is organised bythe Japanese Ministry of Economy, Trade, and Industry.
According to head of the Foreign Trade Agency under the Ministry of Planningand Investment Do Nhat Hoang, Japanese firms have given great compliments to Vietnamesebusinesses, whose products qualified to break into leading markets like Japan,the Republic of Koea, the US, and the EU.
The businesses from Japan added that Vietnamese companies have made significantadvancements, paving the way for them to join the global value chain.
Dinh Xuan Cuong – General Director of An Phat Holdings, the largest Vietnamesefirm at the exhibition – relished the prospect of Vietnamese supportingbusinesses have a place on the global value chain, saying that they have hugepotential to cooperate with leading firms from Japan and other foreign nations.
Meanwhile, General Director of the Organisation for Small and MediumEnterprises and Regional Innovation Japan (SMRJ) Shinichi Murai said thatJapanese corporations are interested in investing in Vietnam.
Collaboration will help create new business opportunities for both sides, headded, laying stress on Vietnam’s impressive economic growth and sci-techdevelopment.
The annual New Value Creation Exhibition was initially organised for Japanesefirms, however, it has expanded to welcome outstanding small- and medium-sizedenterprises from other countries and territories since 2016.
This year’s event revolves around three topics: technique and industry, healthcareand social welfare, and the environment and society. On display arestate-of-the-art technologies from the Fourth Industrial Revolution, includingsmart healthcare, automation, artificial intelligence, and Internet of Things.
It offers opportunities for Vietnamese companies to exchange and expandcooperation with their foreign partners. –VNA
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Illustrative photo (Photo: VNA) 
