Foval Takes Charge of Business Matching Support for Vietnam Trade Expansion in Niigata Prefecture

Foval's New Initiative for Enhancing Trade Opportunities

Foval Corporation, headquartered in Shibuya, Tokyo, has recently announced that it has been selected to undertake the "Business Matching Support for Trade Expansion to Vietnam" project for Niigata Prefecture. This initiative aims to connect local Niigata businesses with Vietnamese companies to foster potential partnerships for new transactions and technology collaborations.

Objectives of the Business Matching Support Project

The primary goal of this project is to facilitate business matching between enterprises in Niigata Prefecture and those in Vietnam. By connecting these two groups, the project seeks to generate fruitful encounters between business partners, ultimately leading to new transactions and collaborative efforts in technology. The program isn't merely about arranging meetings; it includes critical preparations that consider the differences in business practices and customs between Japan and Vietnam. The project will ensure appropriate matching based on the needs of both local and Vietnamese companies. An important aspect is the follow-up after meetings to foster effective discussions and concrete business agreements. The overarching aim is to support the expansion of overseas sales for participating companies while contributing to the revitalization of Niigata's economy.

Specific Initiatives by Foval

Foval's approach involves several key activities:
1. Implementation of Business Matching
Business matching events will be conducted in Ho Chi Minh City, Vietnam.
Business Matching Overview:
- Date: Scheduled for December 2023 (One-day event)
- Format: In-person at the local venue
- Participating Niigata Companies: Approximately five companies aiming to expand their markets into Vietnam
- Expected Industries: Heat treatment and metal processing
- Activities Include:
- Venue selection and arrangement
- Coordination and communication with Niigata companies
- Selection of Vietnamese businesses and coordination
- Management of business matching events
- Aftercare follow-up

2. Preparation of Results Reports
This will involve creating detailed reports regarding the outcomes of the business matching activities and other municipal projects.

About Foval Corporation

Foval Corporation, listed on the Tokyo Stock Exchange (Standard: 8275), specializes in providing consulting services for small and medium-sized enterprises. The company focuses on five main areas: information and communication, international trade, environmental issues, human resources and education, as well as entrepreneurship and business succession. Through its unique model of “Corporate Doctors” (next-generation management consultants), Foval offers comprehensive support that includes visualizing management challenges, proposing improvements, and providing ongoing execution support. The company actively promotes high-value-added support that enhances corporate value through ESG management, human capital management, and the advancement of digital transformation.

Additionally, Foval is advancing a regional co-creation model as part of its local revitalization strategy known as the “F-Japan Concept,” collaborating with municipal governments, private companies, educational institutions, and financial organizations for broad regional impact.