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Sumitomo looks to entice Japanese makers to Vietnam rental plants

Local production made easy with inexpensive launch for smaller companies

A section of Sumitomo's Thang Long Industrial Park II on the outskirts of Hanoi is a dedicated "rental area," where companies can set up Vietnam operations with minimal initial investment.

TOKYO --Sumitomo Corp. hopes to boost the use of the rental plant areas at its Vietnamese industrial parks, targeting small to midsized Japanese manufacturers and taking advantage of agreements with local governments in its home country.

Working with localities such as Kanagawa, Hyogo and Osaka prefectures, the general trader will allow manufacturers to set up operations for a low initial investment at its industrial parks on the outskirts of Hanoi.

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