Japanese firms keen on Vietnam
About 64 percent of Japanese enterprises plan to continue expansion of their business in Vietnam due to its favourable investment environment.
Chief Representative of Jetro Hanoi Takeo Nakajima. (Photo: tapchicongthuong.vn)
Chief Representative of Jetro Hanoi Takeo Nakajima presented the figure as part of the Japan External Trade Organisation (Jetro)'s survey on Japanese investment in Asia and Oceania 2019 to Deputy Minister of Industry and Trade Do Thang Hai at their meeting in Hanoi on February 6.
The Japanese enterprises will continue to expand their businesses in Vietnam based on revenue growth, development ability, stable production and consumption network, low cost, labour resources, regulations and business procedures.
Takeo Nakajima was quoted by the Cong thuong (Industry and Trade) newspaper as saying: “The investment environment in Vietnam has many advantages for Japanese businesses, such as political and social stability, ideal living environment for foreigners and cheap labour costs."
According to this survey, 65.8 percent of Japanese enterprises doing business in Vietnam have been profitable, especially the manufacturing sector, which accounts for 80 percent of profitable firms.
The number of newly established Japanese businesses has also increased in Vietnam./.
VNA
-
Speed up compensation, site clearance, and investment attraction in industrial parks
- Dong Nai records nearly 1.4 billion USD in FDI disbursement over 10 months
- Promoting administrative procedure reform to attract investment
- Focus on completing infrastructure of border economic zones
- Vietnamese textile industry focuses on higher value, export growth
- Autumn Fair 2025 shapes future of Vietnamese exports
- Vietnam approves content of MoU on rice trade cooperation with Singapore
- Vietnam exports 7 million tonnes of rice, earning nearly 3.59 billion USD
- Joint Statement on US-Vietnam Framework for an Agreement on Reciprocal, Fair and Balanced Trade
- Tay Ninh maintains its investment appeal
