Vietnam supporting industries fail to grasp opportunities after pandemic

February 14, 2023

Vietnam’s supporting industries have not successfully taken advantage of opportunities ushered in by the shift in supply chains caused by the COVID-19 pandemic, said Nobuyuki Matsumoto, chief representative of the office of the Japan External Trade Organization (JETRO) in Ho Chi Minh City. However, the localization rate of Japanese firms in Vietnam was only 37 percent, while their purchasing rate stood at a mere 15 percent. He attributed the situation to Vietnamese companies’ failure to meet the quality requirements of Japanese firms, which has made it difficult for Vietnam to join Japan’s supply chains. “The results show that Vietnam’s supporting industries are problematic," Matsumoto remarked. “The results show that Vietnam’s supporting industries are problematic," Matsumoto remarked.

The source of this news is from Tuoi Tre News