Wednesday, February 19, 2020 12:34:31 AM - Markets open
VN-INDEX 927.93 -6.84/-0.73%
HNX-INDEX 110.07 +0.51/+0.46%
UPCOM-INDEX 56.25 -0.01/-0.02%
Japanese firms increase investments in advanced technologies in Việt Nam
https://vietnamnews.vn/ - 1/23/2020 8:16:04 AM
 (0 ratings. You must sign in to rate.)
Japanese investment in Việt Nam 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 develop well in Việt Nam, 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 trade tensions, many Japanese companies want to set up manufacturing in Việt Nam, experts have said. Moreover, the companies also see great potential in the Vietnamese market with its young population, cheap labour, and preferential policies from the Government. 
 
Speaking about Japanese investment in 2019, Hirai Shinji, chief representative of JETRO HCM City (Japan External Trade Organisation), said: “There is now a greater diversity of investments, but manufacturing is still by far the largest in terms of money invested.”
 
Japan's Daikin Vietnam factory, for example, illustrates the trend in which the Japanese are investing more in highly advanced technology in Việt Nam.
 
Daikin, which has been in operation since May 2018, is expected to contribute to energy conservation and public health, such as energy-saving air conditioners and air purification, as more people in Việt Nam are buying air cleaners, according to Shinji.
 
Compared to factories of Daikin Global, the factory in Việt Nam has the most advanced technologies as it is the first factory to use AGV, an automatic machine that delivers supply components to production lines. In other factories, employees working on production lines have to manually pick up components.
 
The facility in Việt Nam is also Daikin's first factory to use IoT (Internet of Things) technology in production systems. Other factories around the world are just starting to use this technology.
 
In addition to using sensors, Daikin Vietnam uses many other technologies such as FDI technology (a single approach to device integration) and cameras from which the company can obtain inspection data and production data.
 
Based on the data in the IoT system, the company's data managers can determine which additional devices should be installed on production lines and which machines are needed to help obtain data.
 
Citing other examples of increased Japanese investment in Viet Nam, Shinji said: “Sumitomo Corporation is working on doing the same in Hà Nội, with plans to introduce 5G as well as face-recognition systems and blockchain technologies.”  
 
In addition, Japanese company Sharp has announced a plan to invest in Bình Dương Province to produce air cleaners, displays, and other electronic devices, according to Shinji.
 
And, automaker Toyota has opened a new dealership in An Giang Province, based on the belief that residents in provinces like An Giang can afford the cars. 
 
According to JETRO,  as of April last year, about 2,000 companies had registered with the Japanese Chamber of Commerce. In 2018, the manufacturing sector made up 25 per cent of Japanese investment, making it the largest sector. 
 
HCM City has attracted the largest number of investment projects with 1,247, making up more than one-third of the total, and Hà Nội is second with 1,081. 
 
But in terms of money invested, Thanh Hoá Province has attracted the largest amount, with Nghi Sơn Refinery ($9 billion), the largest project in the country. The province is followed by Hà Nội, Bình Dương Province, Hải Phòng, and HCM City.
 
“I’m sure that the number of Japanese companies coming to Việt Nam will increase, especially across sectors such as consulting, IT, retail, and distribution," Shinji said. "I don’t expect any rapid or big changes from 2018 to 2020. But I think the manufacturing sector is strong, with relatively high levels of investment." 
 
In 2019, the number of investment projects from Japan was 655, with total value at $2.89 billion. — VNS
 
Read original article here
Newer News
13/02 VN’s GDP growth to reach 6.25 percent if COVID-19 outbreak is contained in Q1
08/02 VN acts to improve labour productivity
02/02 VN invests $3.97m abroad in January
30/01 CPI in January hits record high in recent 7 years
29/01 Pepper price to remain low this year
24/01 FDI inflow in Đà Nẵng hits nearly $700m in 2019
Older News
19/01 Computer viruses causes $902 million in damage to Vietnamese users
19/01 Computer viruses causes $902 million in damage to Vietnamese users
17/01 Việt Nam increases coal, ore and mineral imports from Australia
12/01 PM orders faster disbursement of public funds
08/01 Vietnam’s GDP to ease slightly in 2020: Fitch Solutions
04/01 Pork prices put pressure on CPI in 2020: experts
04/01 Origin fraud hurt Vietnamese steel in the long run
04/01 Domestic cybersecurity products on the rise
01/01 VN to evaluate business reform results
30/12 Economic milestones of Vietnam in 2019
 
Newsletter Signup
Top Stories
VN shares mixed, but growth expected to return
VN stocks to keep falling on disease fears
Industry 4.0 brings big changes for stock market
Reference exchange rate up 1 VND on January 17
Reference exchange rate up 1 VND on January 15
Market Update
Last updated at 3:10:01 PM
VN-INDEX 927.93 -6.84/-0.73%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.