Vietnam Pilot Project Utilizing TradeWaltz Platform Adopted Under Government's Supply-Chain Diversification Scheme
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Thursday, December 24, 2020
Slated to begin in March 2021 with operations conducted by Mitsubishi Corporation Plastics Ltd. (MCP) and Mitsubishi Corporation (MC), the project will revolve around the TradeWaltz information-sharing platform, which is managed by its namesake company TradeWaltz, Inc. (TradeWaltz).
Key Points:
- Slated to begin in March 2021 with operations conducted by Mitsubishi Corporation Plastics Ltd. (MCP) and Mitsubishi Corporation (MC), the project will revolve around the TradeWaltz information-sharing platform, which is managed by its namesake company TradeWaltz, Inc. (TradeWaltz).
- Participating in the project alongside TradeWaltz will be the platform's four initial users1, namely MCP, MC, MUFG Bank, Ltd. (MUFG), and Tokio Marine & Nichido Fire Insurance Co., Ltd. (Tokio Marine Nichido).
- This project has also been adopted as part of a larger scheme to help diversify overseas supply chains that was introduced in the fiscal year 2021 supplementary budget of Japan's Ministry of Economy, Trade and Industry (METI).
- The Japan External Trade Organization (JETRO) is serving as secretariat for the diversification scheme.