Japan's component manufacturer to set foot in Hanoi

Japan's Onaga chairman received the investment certificate

The leadership of HANSSIP, representatives of Japan's Kobe's business group, and manufacturers in the field of industrial applications, high technologies, and supporting industries signed the MoU.

Japan's Onaga Company received an investment certificate for manufacturing aircraft, automobiles, and ship components at HANSSIP. Its partner, International Digital Services Vietnam Co., Ltd (IDS) received the business registration licence in the industrial park.

Onaga, IDS, and a group of Vietnamese supporting enterprises signed a cooperation agreement for consulting, support, and technology transfer.

Matsumoto Izumi, first secretary of Japan's Embassy in Vietnam, said that Onaga is a long-standing enterprise in Japan's Kobe region, manufacturing mechanical components that are applied in aviation, automobiles, trains, and robotics. Onaga's investment in HANSSIP would be in line with the cooperation policy on developing supporting industries between Vietnam and Japan.

“With the Vietnamese government's preferential policies to attract investment, and the industrial park's support for administrative procedures, more of Japanese investors will set foot in HANSSIP to develop the cooperation," said Izumi.

Onaga Masaru, chairman of Onaga Company, said that Japanese enterprises have high technologies and experiences in supporting industries, so they can help Vietnam in industrial development and global supply chains.

"Vietnam's market is a promising land. Vietnam imports a total of $100 billion of components for cars, motorcycles, and machines of all kinds annually," said Onaga.

Onaga also proposed to Hanoi to provide more preferential policies for Japanese parts manufacturers and simplify investment procedures for them.