Nissho Precision – A View on the Rapid Development of the Vietnamese Industrial Market
With 20 years of operations in Ho Chi Minh City and 10 years in Hanoi, Nissho Precision has witnessed the significant changes in the Vietnamese economy. In an interview with VCTI, Mr. Yuya Baba shared about the company’s journey and the new opportunities in the domestic industrial market.
“Tremendous development” – Comment on Vietnam
If one word were to describe Vietnam’s development over the past two to three years, Mr. Yuya Baba from Nissho Precision would choose it. “Dramatic” – “Remarkable development”.
This assessment stems from the changes that the company has directly witnessed in its operations in Vietnam. Nissho Precision has now been in business in Ho Chi Minh City for 20 years and in Hanoi for 10 years, thereby observing the transformation of the economy and the industrial market.
During the exchange, Mr. Yuya Baba also compared Vietnam’s current economic growth with Japan’s development period about 50–60 years ago, reflecting his perspective on the growth rate and prospects of the Vietnamese market.
Adhesive tape products for the electrical, electronics and automotive industries
The interview also introduced Nissho Precision's adhesive tape products for the electrical, electronic, and automotive industries. This was one of the topics discussed alongside the company's development in Vietnam and changes in market demand.
Drawing on their experience operating in both Ho Chi Minh City and Hanoi, the company shared observations on the development of manufacturing industries and the business opportunities emerging in Vietnam.
Opportunities from the assembly operations of Chinese enterprises
One notable development is the increasing number of Chinese manufacturing enterprises establishing assembly operations in Vietnam. According to the interviewee, this trend is bringing new opportunities to the local market, including companies that provide products for industrial production.
Mr. Yuya Baba’s sharing offers a perspective from a Japanese company that has been present in Vietnam for many years, and also shows the connection between the development of the industrial market and the investment and expansion of production activities of international enterprises.
