Japanese businesses seek VN aviation industry investment opportunities

Tuesday, Aug 04, 2015 14:10

A view of the meeting between Japanese businesses and leaders of VCCI. It's expected to boost co-operation between the two sides in the aviation industry.— Photo vcci.com.vn

HA NOI (Biz Hub) — A delegation of Japanese businesses that specialise in manufacturing aircraft spare parts and devices visited Viet Nam to seek opportunities in the aviation industry.

In a meeting with leaders of the Vietnam Chamber of Commerce and Industry (VCCI) on August 3, the Japanese delegation's representative, Tamai Na Richika, said Japanese businesses would like to co-operate with Vietnamese partners in producing spare parts for aircraft.

He also expected to be introduced to other areas that Japanese small and medium businesses could help develop in Viet Nam.

Chairman of VCCI Vu Tien Loc welcomed the Japanese businesses and said the businesses should relocate their supporting industries for aircraft spare parts and devices to Viet Nam.

He said Viet Nam offered several advantages in terms of workers, land and workshops, while Japan was strong in terms of capital and technology. Therefore, the co-operation between the two sides was necessary.

Loc mentioned Mitsubishi as an example. The corporation established its aircraft spare parts production unit in Viet Nam successfully. It has been producing wings for the Boeing 7E7 Dreamliner in the country.

The VCCI leader said Japanese businesses should also invest in the textiles and garment sector, electronic industry, and automobiles, hi-tech agriculture, real estate and tourism sectors in Viet Nam.

The automobile industry has great potential for investors in Viet Nam, which has a population of more than 90 million and an increasing demand for cars.

Viet Nam is also the leading ASEAN exporter of garments and textiles to the United States. However, it has to import many machines and equipment from other countries.

"With the signing of trade agreements in the recent past, and the possibility of joining the Trans-Pacific Partnership in the future, Viet Nam will have several advantages in exporting goods to large foreign markets. This will provide potential for the development of related industries," Loc said. — VNS

Comments (1)

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nguyễn kim vũ - Friday, 25/12/2015, 20:13 Reply | Like