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July 07, 2021 | 18:13

Japanese enterprises to promote localization efforts

Phuong Hoa

Japanese enterprises are keen to expand localization efforts in Vietnam because their localization ratios remain low. Meanwhile, according to the Japan External Trade Organization (JETRO), Vietnamese businesses depend on imports for more than 60 per cent of production inputs, while the impact of Covid-19 continues to disrupt supply chains and increase transportation costs.

Japanese enterprises to promote localization efforts
Nearly half of Japanese enterprises want to expand their business activities in Vietnam.

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The original article is written and published on VnEconomy in Vietnamese, then translated into English by Askonomy – an AI platform developed by Vietnam Economic Times/VnEconomy – and published on En-VnEconomy. To read the full article, please use the Google Translate tool below to translate the content into your preferred language.
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