Part 5/11:
- Vietnam’s Connectivity: Japanese investments extend along the East-West Economic Corridor, linking Vietnam, Laos, Thailand, and Myanmar. Danang’s strategic location makes it a critical node, aspiring to become an ASEAN Silicon Valley by attracting technology and manufacturing firms.
Building Resilience in Supply Chains
Japanese firms are pivotal in transforming Vietnam into a semiconductor and electronics manufacturing powerhouse. Amid U.S.-China tensions, Vietnam has become a preferred relocation destination, with Japanese companies investing heavily in diversifying supply chains away from China. For instance, Murata is spending millions to expand its Danang facility to meet rising global demand for electronic components, a vital element underpinning the tech supply chain.