The exhibitions aim to further develop Vietnam's supporting industry, strengthen domesticalization rate, increasingly purchase components and parts of Japanese businesses in Vietnam.
These exhibitions were co-organized by Reed Tradex- the ASEAN's leading exhibition organizer, the Japan External Trade Organization (JETRO) and the Department of Trade Promotion under the Ministry of Industry and Trade of Vietnam.
Deputy Minister of Industry and Trade Do Thang Hai emphasized that in addition to remarkable achievements, Vietnam's supporting industry still has many limitations in large trade gap for parts and components.
In order to develop the supporting industry and receive supports from Japanese enterprises, these exhibitions are considered as opportunities for Vietnamese firms to promote trade, cooperation and transfer technology with the partner.
Speaking at the opening ceremony, Chief Representative of Japanese External Trade Organization (JETRO) in Hanoi Mr. Hironobu Kitagawa said that Japanese investors evaluated the Vietnamese market as an attractive investment destination.
About 70 percent of Japanese investors wanted to do their business in the Southeast Asian country.
This is considered as an opportunity for Vietnamese component providers to enhance cooperation as well as to connect with Japanese manufacturers.
