15 Japanese enterprises funded to shift production from China to Vietnam
	7th event connecting Vietnamese students with Japanese enterprises
	Survey says 70% of Japanese enterprises wish to expand business in Vietnam

Japanese enterprises want to expand supply chains in Vietnam. (Photo: Vietnamnet)

At a recent press conference, Shimizu Akira, Chief Representative of Japan International Cooperation Agency (JICA) in Vietnam, said that JETRO recently organized a survey on the diversification of supply chains with 30 Japanese firms with production bases in foreign countries. Up to half of them wanted to expand and diversify their production in Vietnam, according to Vietnamnet.

Vietnam is considered an ideal destination for attracting foreign direct investment after the country has controlled the novel coronavirus (COVID-19) pandemic. However, JICA's Chief Representative mentioned a common concern of many Japanese firms: the lack of human resources in the supporting industry in Vietnam.

Recently, the Japanese Ministry of Economy, Trade and Industry (METI) has recently unveiled a list of 87 firms that will receive JPY 70 billion (US$653 million) to implement the scheme of shifting manufacturing plants out of China to diversify its supply chain., according to Nikkei Asian Review. Thirty firms will shift production to Southeast Asia, including Vietnam and Laos, while the remaining 57 firms will head to Japan.

Workers assemble cars in a factory of Toyota Vietnam in the northern province of Vinh Phuc. (Photo: Toyota Vietnam)

Most of the firms manufacture medical equipment while the rest produce semiconductors, phone components, air conditioners or power modules. Notably, one of them, Hoya Corporation, which manufactures hard-drive components, is expected to move to both Vietnam and Laos, Tien Phong cited.

A Japanese-brand air conditioner factory in Vietnam. (Photo: Daikin)

According to the Chief Representative of JICA Vietnam, in the field of healthcare, JICA has sent more than 2,000 experts and 140 volunteers to work in Vietnam and helped train about 5,300 Vietnamese. The total amount of JICA funding for loan projects and technical cooperation projects in this field has been 77.4 billion yen.

Since February this year, JICA has provided biological aid to the Central Institute of Hygiene and Epidemiology and Pasteur Institute of Ho Chi Minh City, and medical equipment to Vietnamese hospitals with a total value of more than 170 million yen.

Vietnam welcomes Japanese enterprises to expand investment in the country On September 7, Prime Minister Nguyen Xuan Phuc held a dialogue with Japanese economic groups and enterprises keen to expand investment in Vietnam.

Vietnamese, Japanese enterprises to gather at “Good Goods Japan” exhibition "GOOD GOODS Japan" exhibition will take place in Hanoi from August 24 to October 30, bringing together consumer goods enterprises from Japan and Vietnam.

Thousands of Japanese enterprises consider expanding production in Vietnam 1,400 - more than 40% of the 3,500 Japanese businesses surveyed by JETRO - are considering expanding operations in Vietnam over the next three years.