Japanese firms choose Vietnam for production expansion

The Japan-invested Honda Vietnam plant in Vinh Phuc Province. - Vietnam News/ANN

HANOI, July 26 (Vietnam News/ANN): Fifteen Japanese firms chose Vietnam as the destination for their production expansion within the Japanese government’s programme to support Japanese firms to diversify their value chains in foreign countries, according to the Japan External Trade Organisation (JETRO).

Speaking at a press conference about the programme, Takeo Nakajima, chief representative of JETRO in Hanoi said that among 30 Japanese firms selected by Japan’s Ministry of Economy, Trade and Industry (METI) from 124 applicants to provide supports to expand production in ASEAN, 15 selected Vietnam.