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.
Companies
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.
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