A Japanese business delegation engaged in business consulting, business matching, manufacturing and processing has just paid a working visit to Ho Chi Minh city. On this occasion, Vietnam Chamber of Commerce and Industry – Ho Chi Minh Branch (VCCI-HCM), in collaboration with business club SIYB and BSO Company (Japan), held a seminar "Vietnam – Japan trade exchange".
Joining the exchange are 6 leading Japanese companies namely BSO, Seika Foods, Sanyo, MJTEK, Kondo Tech, TAK and nearly 100 enterprises operating in HCM City.
Opening the meeting, Mr Vo Tan Thanh, Director of VCCI–HCM, said that for years, Vietnam and Japan have been strategic partners. In the field of investment, in the first 6 months of 2012, total Japanese investment in Vietnam reached US$4.5 billion, accounting for 53 percent of the total foreign investment into Vietnam. Since the Law on foreign investment came into effect, Japan has always ranked third among the countries and territories investing in Vietnam and ranked first in implemented capital. Mr Thanh expressed his hope that after the trade exchange, the Japanese companies as well as HCM City businesses will find opportunities as well as potential partners to expand cooperation investment into the future.
According to Mr Thanh, BSO is a leading business in Japan and BSO has repeatedly brought Japanese business delegations into business cooperation in Vietnam. The initial results of these efforts were that recently, Japanese company TAK has started building a plant in Dong Nai province. He hopes there will be many more investment projects of Japanese companies effectively implemented in Vietnam.
BSO Director Nishiyama said that Japanese supporting enterprises are operating actively in Vietnam and Southeast Asia in a lot of projects with strong potential. For businesses that are implementing projects, the most important thing is to find a supplier of suitable components. Until now, Japanese companies mainly purchase components from other countries in the region, but the upcoming trends and changes in Vietnam will create more opportunities for this to change.
Japanese firms have high requirements on the quality of parts and components, but the number of Vietnamese enterprises that meet the requirements is not high. Accordingly, Mr Nishiyama recommended that to meet the requirements of the quality of Japanese products, Vietnamese businesses should have a change in technology and focus on improving product quality. To do this, Vietnam enterprises should strengthen cooperation with Japanese partners in supporting industries.
According to Nishiyama, every 2-3 months BSO hosts a networking session to provide opportunities for the two countries’ businesses to connect, share experiences and search for suitable business partners, thereby contributing to the effective cooperation of both countries.
Thanh Hoa
Vietnamese
