Technology transfer - a turning point for Vietnamese Industry

This is the topic of the Vietnam Supporting Industry Forum held on the afternoon of May 9 in Hanoi.

On the afternoon of May 9, in Hanoi, JETRO (Japan External Trade Organization in Hanoi) and Reedtradex Company of Thailand and VIETRADE (Vietnam Trade Promotion Agency) jointly organized the Vietnam Supporting Industry Forum with the theme "Technology transfer - a turning point of Vietnam Industry".

Speakers attending the Forum "Technology Transfer - Turning Point of Vietnam Industry" interacted with Vietnamese manufacturers and business leaders.

This forum is one of the opening activities for a series of exhibitions to promote the development and potential of supporting industries in Vietnam, which will take place in Hanoi from September 4 to 6, 2013, to celebrate the 40th anniversary of the establishment of diplomatic relations between Vietnam and Japan. The exhibitions include: The 5th Vietnam - Japan Supporting Technology Exhibition in Hanoi (SIE 2013); Japan High-Tech Exhibition; Vietnam Supporting Industry Products Exhibition 2013 (ICS Vietnam) and Vietnam Manufacturing Expo 2013.

Vietnam and Japan have cooperated for many years on industrial and commercial development projects. Japanese investment capital and production technology play a very important role in Vietnam, helping to elevate bilateral economic cooperation in a mutually beneficial direction between the two countries.

Mr. Hideo Suzuki, Minister of the Embassy of Japan, said that technology transfer is the process of transferring skills, knowledge, technology, and production know-how to ensure that technology and related factors can be more easily accessed by a wider range of users. At the same time, it helps people to expand their goals in optimizing the benefits of technology and applying them to products, application processes, raw materials or services. Vietnam needs to improve the quality of human resources to increase national competitiveness and attract more FDI capital. On the other hand, Japan also wants to expand development cooperation with effective partners. Therefore, technology transfer will be the key to mutually beneficial cooperation.

Mr. Chainarong Limkittisin, CEO of Reed Tradex Company, said that Vietnam's automation and supporting industries have been thriving in recent years thanks to the abundant labor force and the State's support policies, especially for foreign investors. A strong supporting industry can bring many benefits to the country such as: reducing the cost of importing spare parts, improving domestic production levels, improving productivity, product quality, and promoting economic development. Reed Tradex has recognized the importance of developing supporting industries in Vietnam as Vietnam is participating in the global supply chain and value chain. With the continuous inflow of FDI, Vietnam is becoming an attractive destination for investors in the industrial sector, promising many prospects for supporting industries.
According to JETRO, Japan is currently the leading FDI supporter in Vietnam and other new sources of support from Japan will continue to increase. In 2011, the number of Japanese companies granted investment licenses in Vietnam was 234 and in 2012 the number increased to 317. According to statistics, in 2012, the number of new FDI investment projects from Japan accounted for 25% of the total FDI investment in Vietnam and in 2012, the total new FDI investment accounted for 50% of the total FDI investment in Vietnam.

This year marks the 40th anniversary of diplomatic relations between Vietnam and Japan, and the 25th anniversary of foreign direct investment (FDI)./.

According to (vov.vn)- LT