Toyota Vietnam to bolster supporting industry businesses in Vinh Phuc province

Japan's leading car manufacturer Toyota will support Vinh Phuc province-based enterprises in the automotive supporting industry to improve their capacity and develop the local economy.

To this end, Toyota Vietnam and the provincial People’s Committee signed an MoU during Tech Fest Vinh Phuc 2024 on Friday and Saturday. The event formed part of Project 844, approved by the Prime Minister, to support the national startup ecosystem through innovation until 2025.

The program, set to run from 2025-2027, will focus on strengthening the connection between Toyota and the northern province in key sectors, including manufacturing, automotive supporting, and electric vehicles.

Toyota will also help introduce qualified experts to provide consulting, training, and production support for local businesses.

The carmaker will assist Vinh Phuc in promoting investment both locally and in Japan. The partnership will include organizing activities and workshops to connect Japanese companies with local businesses.

Toyota and Vinh Phuc will also collaborate in compiling a handbook of criteria for selecting businesses and suppliers capable of joining Toyota’s global supply chain.

Vinh Phuc is home to Toyota's factory in Vietnam. The province is an industrial center in northern Vietnam, together with Hai Phong, Hai Duong, Hanoi, Bac Ninh, Thai Nguyen, and Ha Nam.

Nakano Keita, CEO of Toyota Vietnam, said at the event: “At Toyota Vietnam, our top priority is to make a positive contribution to the development of Vietnam’s automotive and supporting industries. With our philosophy of ‘Before we make cars, we make people,’ we believe Toyota can play a key role in the country’s sustainable development. At the same time, we are committed to helping meet the nation’s Net Zero goals and providing mobility solutions for everyone.”

Earlier, Toyota Vietnam, in cooperation with the Ministry of Industry and Trade’s Industry Agency, held a closing ceremony for the 2024 business improvement consulting support program in the supporting industry.

This initiative, part of a 2024-2025 collaboration between Toyota and the Industry Agency, aims to enhance local enterprises’ capacities and strengthen their ties with automotive assemblers.

In the fifth year of this collaboration, Toyota directly supported five local companies: Sigma Technology and Trade Vietnam Co., Ltd., Intech Group, Hoa An Import-Export JSC, Z131 Factory, and Haast Industry Co., Ltd. The Japanese carmaker sent experts to these businesses to identify challenges and provide on-site consultations and support.