Japanese brands, factories gain traction in Vietnam despite Korean competition
HANOI — About a 30-minute drive northwest of downtown Hanoi on Friday, the entrance to Thang Long Industrial Park came into view after crossing Nhat Tan Bridge, which connects Hanoi with Noi Bai International Airport. At factories throughout the industrial complex, Vietnam’s red flag with a yellow star flew alongside Japan’s flag. Developed by Japanese trading house Sumitomo Corp., the industrial…
Hanoi's Thang Long Industrial Park, located 30 minutes from downtown, boasts Japanese manufacturing prowess. Developed by Sumitomo Corp., the park spans 2.73 million square meters and houses over 100 Japanese companies such as Panasonic, Canon, and Fujitsu. Approximately 60,000 Vietnamese workers visit daily, drawn to the park's stability.
A Panasonic employee remarked that Japanese firms are perceived as more dependable than Chinese and Korean competitors, despite higher pay. The park has reached full occupancy, with management employees like Nguyen Thanh, 32, noting the long tenure of skilled workers and continuous recruitment.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
