Illustrative photo (Source: VNA)Dong Nai (VNA) – A trade conference took place in the southern province ofDong Nai on September 27 with the participation of more than 80 Japanese-investedand local enterprises.
Representativesfrom Japanese businesses said most of them have had to import 60-90 percent ofproduction materials while operating in Dong Nai. Therefore, they expressedtheir wish to find suitable Vietnamese partners to reduce imports and increasethe localisation rate.
KeiichiKadowaki, President of the Japanese Business Association in Ho Chi Minh City (JBAH),hoped the conference will open up more joint projects, particularly in raisingthe use of made-in-Vietnam materials among Japanese firms operating in thecountry. The cooperation would reduce costs and contribute to increasing tradebetween Vietnam and Japan, he added.
Le Van Loc, DeputyDirector of the Dong Nai Department of Industry and Trade, said the event is anopportunity for local companies to connect with their Japanese partners.
Loc said DongNai is working to improve its business climate, facilitate partnerships betweenlocal and foreign-funded firms, and increase the number of supporting industry,services and high-tech projects to gradually reduce the need for cheapmaterials imported from overseas.
According to theofficial, Japan is now the third biggest foreign investor in Dong Nai with 220projects worth 3.95 billion USD.
Participatingenterprises also brought their products for display on the sidelines of the conference.-VNA
VNA
