The Japanese trade promotion organization (Jetro) has just announced a list of 30 Japanese enterprises (out of more than 100 companies registering projects to diversify the supply chain) to receive subsidies to shift production activities. from China to Southeast Asian countries like Vietnam, Philippines, Malaysia, Thailand, Laos.

Half of this list are companies registered to move to Vietnam, including large, small and medium-sized enterprises (SMEs). It is not clear if this relocation is part or all of its production in China.

Most companies are subsidized to go to Vietnam in the field of manufacturing medical equipment. In addition, there are a number of manufacturing businesses related to semiconductors, phone components, air conditioners, or power modules ... In this list, Hoya Group manufactures hard drive components to be relocated. Chinese production activities to Vietnam and Laos.

According to the announcement of Jetro, the subsidy amount ranges from 100 million to 5 billion yen, partially offset the costs needed to purchase and install machinery and equipment for production expansion.

In addition to 30 subsidized companies to shift production activities from China to Southeast Asia, the Japanese government also spends at least 57.5 billion yen (US $ 536 million) on 57 companies including privately owned export companies. page Iris Ohyama and Sharp Group to move production back home.

This is part of the policy of the global supply chain diversification project announced by Japan since April. Japan is the second economy (after Taiwan) to have specific policies to promote the diversify global supply chains, minimize economic dependence on China.

Last year, the Taiwan government also supported businesses in terms of land, water, electricity, capital and taxes to urge businesses to move production back home.