Japanese firm to invest in protective clothing factory in Vietnam
Japan will assist apparel maker Matsuoka Corp. in producing protective clothing in Vietnam to diversify supply chains and lessen its dependence on China amid the coronavirus crisis.
Tokyo (VNA) - Japan will assist apparel maker MatsuokaCorp. in producing protective clothing in Vietnam to diversifysupply chains and lessen its dependence on China amid the coronaviruscrisis.
Matsuokaplans to invest 3 billion JPY (28 million USD) in An Nam MatsuokaGarment Co., its Vietnamese manufacturing unit, to start production ofprotective wear and other items in several months, local media has reported.
Matsuokais one of 30 Japanese firms which were recently named recipients of officialsubsidies from the Ministry of Economy, Trade and Industry topromote Japan's drive to diversify supply chains and reduce itsdependence on China.
The JapanExternal Trade Organization, which announced the list of subsidy recipientslast week, said 15 of the 30 firms are connected with projectsin Vietnam and six in Thailand.
Matsuoka,of Fukuyama, Hiroshima Prefecture, established its Vietnamese unit lastNovember before the coronavirus outbreak as part of an ongoing campaign toproduce apparel products mainly in Southeast Asian countries such as Indonesia, Myanmar and Bangladesh./.
A delegation of the Japan-Vietnam Friendship Association of Miyagi prefecture learned investment climate in northern Ha Nam province at a working session with representatives of the provincial People’s Committee on February 18.
Japan on February 21 signed a memorandum of understanding (MoU) with Vietnam’s southern economic hub of Ho Chi Minh City to strengthen the city’s urban railway management capacity.
Japan will help the Mekong Delta province of Ben Tre to establish a climate-resilient agricultural value chain, said the Japan International Cooperation Agency (JICA) Office in Vietnam on March 12.
Production and revenue of Japanese enterprises in Vietnam are expected to fall at 70 percent in the second quarter of 2020, the results of the latest survey showed.
Vietnam is a strong candidate among the alternative investment destinations as Japanese enterprises are moving away from China due to the COVID-19 pandemic, according to Hirai Shinji, Chief Representative of the Japan Trade Promotion Organisation (JETRO) in Ho Chi Minh City
Japan will launch a subsidy programme to encourage domestic manufacturers to transfer their overseas production bases to Southeast Asia, as the coronavirus pandemic has greatly disrupted their supply chains heavily dependent on China.
Prime Minister Nguyen Xuan Phuc has affirmed that Vietnam always considers Japan one of the most important and long-term partners and wants to further deepen the extensive strategic partnership between the two nations.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Illustratrative image (Source: VNA) 
