The event aiming at enhancing Vietnam and Japan business networking in manufacturing supporting industry focused on presenting to Japanese companies rubber component parts, manufacturing mechanic, design and manufacturing of dies and molds.
According to the Japan International Cooperation Agency (JICA), Vietnam is an attractive investment destination for Japanese businesses.
The magnetism of Vietnam is due to the government’s procedures of luring foreign investment, income tax reduction policy, the exemption of industrial accessory equipment and machine from import duties and taxes. In addition, domestic enterprises have improved their manufacturing productivity to meet quality standards.
At the meeting, local firms said that domestic businesses should work more closely with each other to create multi-detail and high added-value products