Logo of Phnom Penh Post newspaper Phnom Penh Post - Japanese firms boost technology in Vietnam

Japanese firms boost technology in Vietnam

Content image - Phnom Penh Post
Japanese investment in Viet Nam has strongly developed in both quality and quantity as investors are applying the most advanced technologies in production, experts have said.

Japanese firms boost technology in Vietnam

Japanese investment in Vietnam 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 Vietnam, with both domestic and foreign companies increasingly using advanced technologies including Big Data, the cloud, and Artificial Intelligence (AI) in their production.

Because of Sino-US trade tensions, many Japanese companies want to set up manufacturing in Vietnam, 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 last year, Shinji Hirai, 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 illustrates the trend in which the Japanese are investing more in highly advanced technology in Vietnam.

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 Vietnam are buying air cleaners, according to Hirai.

Compared to factories of Daikin Global, the factory in Vietnam has the most advanced technologies as it is the first factory to use AGV, an automatic machine that delivers supply components to production lines.

The facility in Vietnam is also Daikin’s first factory to use IoT (Internet of Things) technology in production systems.

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 Vietnam, Hirai said: “Sumitomo Corporation is working on doing the same in Hanoi, with plans to introduce 5G as well as face-recognition systems and blockchain technologies.”

Japanese company Sharp has announced a plan to invest in Binh Duong province to produce air cleaners, displays, and other electronic devices, according to Hirai.

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 Hanoi is second with 1,081.

But in terms of money invested, Thanh Hoa province has attracted the largest amount, with Nghi Son Refinery ($9 billion), the largest project in the country.

Last year, the number of investment projects from Japan was 655, with total value at $2.89 billion.

VIET NAM NEWS/ASIA NEWS NETWORK

MOST VIEWED

  • Five-year-old Hanuman dances his way into hearts of Cambodia

    A young talent from a new-established settlement has emerged, captivating the online world with his mesmerising performances of the traditional Cambodian monkey dance. Roeun Kakada is a five-year-old prodigy who has taken the social media sphere by storm with his exceptional dance skills and dedication

  • Fresh Covid warnings as Thai hospital fills

    A senior health official reminds the public to remain vigilant, as neighbouring countries experience an increase in Covid-19 cases, with the latest surge appearing to be a result of the Omicron XBB.1.5 sub-variant. Or Vandine, secretary of state and spokeswoman for the Ministry of Health,

  • Honda shutters Siem Reap football club

    Japanese football legend Keisuke Honda, the owner of Siem Reap football club Soltilo Angkor FC, has been forced to shut the club down, after it failed to attract sponsorship for the upcoming season. Honda, the former manager of the Cambodia men's national football team, said

  • Hun Sen warns of regional tensions

    ASIA is becoming a dangerous geopolitical hotspot, with several countries announcing that they intend to send naval vessels towards Southeast Asia and on to the South China Sea, warned Prime Minister Hun Sen. “Heated geopolitical issues can easily escalate, namely to war. I am not

  • PM declares ASEAN Para Games open

    The 12th ASEAN Para Games officially kicked off on the evening of June 3 at Morodok Techo National Stadium in Phnom Penh, with a spectacular opening ceremony featuring fireworks and performances by some of the Kingdom’s most accomplished talents. Tens of thousands of sports fans

  • Waterway job still pending for Kampot tourism port’s opening

    The search is still on for a contractor to expand and deepen the Kampot International Tourism Port’s waterway and deliver additional enhancements allowing safe access for larger vessels, nearly a year after the main construction work on the 4.25ha site was completed on June 30, 2022.