return icon Vietnamnet.vn

Japanese firms increase investments in advanced tech in Vietnam

Japanese investment in Vietnam has strongly developed in both quality and quantity as investors are applying the most advanced technologies in production, experts have said.

Japanese firms increase investments in advanced tech in Vietnam hinh anh 1

Japanese investment in Vietnam has strongly developed in both quality and quantity as investors are applying the most advanced technologies in production, experts have said. 

 


The investment trend will be essential as the 4.0 industrial era continues to developwell in Vietnam, with both domestic and foreign companies increasingly using advanced technologies including Big Data, the cloud, and AI (Artificial Intelligence) in their production.

Because of US-China tradetensions, many Japanese companies want to set upmanufacturing in Vietnam, experts have said. Moreover,the companies also see great potential inthe Vietnamese market with its young population, cheap labour,and preferential policies from the Government. 

Speaking about Japaneseinvestment in 2019, Hirai Shinji, chief representative of JETRO Ho Chi MinhCity (Japan External Trade Organisation), said: “There is now a greaterdiversity of investments, but manufacturing is still by far the largest interms of money invested.”

Japan's Daikin Vietnamfactory, for example, illustrates the trend in which the Japanese are investingmore in highly advanced technology in Vietnam.

Daikin, which has been inoperation since May 2018, is expected to contribute to energy conservationand public health, such as energy-saving air conditioners and air purification,as more people in Vietnam are buying air cleaners, according to Shinji.

Compared to factories of DaikinGlobal, the factory in Vietnam has the mostadvanced technologies as it is the first factory to useAGV, an automatic machine that delivers supply componentsto production lines. In other factories, employees working on production lineshave to manually pick up components.

The facility in Vietnam isalso Daikin's first factory to use IoT (Internet of Things)technology in production systems. Other factories around the world are juststarting to use this technology.

In addition to using sensors,Daikin Vietnam uses many other technologies such as FDI technology (asingle approach to device integration) and cameras from whichthe company can obtain inspection data and production data.

Based on the data in theIoT system, the company's data managers candetermine which additional devices should be installedon production lines and which machines are needed to helpobtain data.

Citing other examples ofincreased Japanese investment in Vietnam, Shinji said: “Sumitomo Corporation isworking on doing the same in Hanoi, with plans to introduce 5G as well asface-recognition systems and blockchain technologies.”  

In addition, Japanesecompany Sharp has announced a plan to invest in Binh Duong provinceto produce air cleaners, displays, and other electronic devices, accordingto Shinji.

And,automaker Toyota has opened a new dealership in An Giang province, basedon the belief that residents in provinces like An Giang can afford thecars. 

According to JETRO, as of Aprillast year, about 2,000 companies had registered with theJapanese Chamber of Commerce. In 2018, the manufacturing sector made up 25percent of Japanese investment, making it the largest sector. 

HCM City hasattracted the largest number of investment projects with 1,247, makingup more than one-third of the total, and Hanoiis second with 1,081. 

But in terms of money invested,Thanh Hoa province has attracted the largest amount, with Nghi Son Refinery(9 billion USD), the largest project in the country. The province is followedby Hanoi, Binh Duong province, Hai Phong, and HCM City.

“I’m sure that the number ofJapanese companies coming to Vietnam will increase, especially across sectorssuch as consulting, IT, retail, and distribution," Shinji said. "Idon’t expect any rapid or big changes from 2018 to 2020. But I think themanufacturing sector is strong, with relatively high levels ofinvestment." 

In 2019, the number ofinvestment projects from Japan was 655, with total value at 2.89billion USD./.VNA

MORE NEWS

Carbon market to help achieve net zero emissions

Greenhouse gas emissions in Vietnam increased rapidly over the past three decades in direct proportion to the economy’s growth.

VIETNAM NEWS HEADLINES SEPTEMBER 29

Buckwheat Flower Festival returns to Ha Giang in November

Vietnam welcomes 1.87 million foreign visitors in nine months

Vietnam welcomed about 1.87 million international arrivals in the first nine months of this year, 16.4 times higher than the same period last year but much lower than that in the same time in 2019 before COVID-19 broke out.

Close to 123,000 sea turtles released back to sea

The Con Dao National Park in the southern province of Ba Ria-Vung Tau released 122,867 baby turtles into the ocean between January and September.

Vietnamese, Danish friendship blossoms over the years

Many foreigners have enjoyed diverse landscapes, authentic local food, endless love, eternal friendship, and a favourable investment environment in Vietnam.

China imports less glutinous rice from Vietnam

The proportion of glutinous rice in total rice exports to China has fallen from 74 percent to 48 percent.

Vietnamese artists to appear in Norwegian play

Several talented local artists from the Vietnam Youth Theater have been invited to perform in 'Hedda Gabler', a classic play which is considered to be one of the outstanding works of Norwegian writer Henrik Ibsen.

Minor improvements seen in the transparency of provincial budgets

The average ranking of budget transparency for localities in 2021 was 69.53 points out of 100, a rise of just 0.44 points compared to 2020.

Pianist Nguyen Dang Quang returns home for concert of classical music

Piano player Nguyen Dang Quang, son of composer Quoc Trung and renowned artist Thanh Lam, is a fresh and promising presence at the event.

VN central bank acts to tighten the Vietnamese dong liquidity

A recent money market report of Saigon Securities Incorporation (SSI) showed the SBV last week net withdrew a total of VND34.6 trillion through the OMO channel.

Vietnam needs to improve human resources in digital age: World Bank

To reach the goal of becoming a high-income country by 2045, Vietnam needs to quickly improve the quality and quantity of its human resources.

Vietnam’s GDP rises by 13.67% in third quarter: statistics office

Vietnam’s gross domestic product (GDP) grew by 13.67% in the third quarter, according to the General Statistics Office (GSO).

Ministry of Culture demands strict supervision of beauty contests

Culture, Sports, and Tourism Minister Nguyen Van Hung has signed a directive strengthening state supervision of a variety of cultural and artistic activities, including beauty pageants and modelling contests.

VIETNAM BUSINESS NEWS SEPTEMBER 29

Vietnam to become “new Asian tiger”: Italian journal

Vietnam to become the worlds chip production center

In the first eight months of this year, phones and electronic components have the most prominent export turnover in our country, reaching nearly 40 billion USD.
back_to_top