15 Japanese firms opt for Vietnam after China

Under a scheme in which the Japanese government will fund a production shift from China, 15 Japanese firms have registered to move to Vietnam.

The 15 firms belong to a list of 30 Japanese firms who will be paid to move factories out of China and set them up in Southeast Asian markets like Vietnam, the Philippines, Thailand and Laos.

Releasing the list, the Japan External Trade Organization (Jetro) said six of the 15 were large firms and the remaining nine were small and medium-sized enterprises (SMEs).

Most of these firms make medical equipment while the rest produce semiconductors, phone components, air conditioners or power modules.

It was not clear if the firms will shift completely or in part from China.

Full story: https://e.vnexpress.net/news/business/companies/15-japanese-firms-opt-for-vietnam-after-china-4132810.html

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