Sumitomo

Update news Sumitomo

In the wake of an ageing population and the narrowing domestic market, Japanese businesses are expanding to the new fields of digital technology, healthcare, the Internet of Things, and services across the ASEAN, including in Vietnam. 

Next phase of Japan ties kickstarted

Legal uncertainty in public-private partnerships, supporting industries, and manpower needs further changes to facilitate a new wave of Japanese investment in the coming months. 

Vietnam to produce its own satellite

Vietnam will produce its own satellite using radar-tracking technology, LOTUSat-1, following the signing for the package ‘LOTUSat-1 – Equipment and Capacity Development’ between the Vietnam Space Centre and Sumitomo Corporation.

Japanese contractor demands compensation for metro cost blow out

 A Japanese contractor wants daily compensation of VND2.5bn (USD119,000) after Vietnam authorities failed to make available a contracted construction site in Binh Duong Province.

BUSINESS IN BRIEF 24/11

 Sumitomo Corporation wants to invest in HCM City;  Marketing tool attracts shoppers;  FPT announces 10-month revenue increase; Domestic retail market full of potential