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.
TIN LIÊN QUAN
japanese firms keen on vietnam JICA to provide testing reagents for Vietnam to combat coronavirus
japanese firms keen on vietnam Prime Minister welcomes Secretary-General of Japan’s ruling party
japanese firms keen on vietnam
Chief Representative of Jetro Ha Noi Takeo Nakajima. (Photo: VNA)

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 Ha Noi 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 Ha Noi 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.

japanese firms keen on vietnam Secretary General of Japan's Liberal Democratic Party to visit Vietnam from 11-14 January

Secretary General of the ruling Liberal Democratic Party (LDP) of Japan Toshihiro Nikai will lead the largest-ever delegation to Vietnam for a friendly visit from ...

japanese firms keen on vietnam Vietnam wants to cooperate with Japan in developing e-government: PM

Vietnam is developing an e-government and cyber security, hence the country wants to cooperate with Japan – a reliable partner – in these fields, said ...

japanese firms keen on vietnam JICA Project supports Vietnam in implementation of the Paris Agreement

The Japan International Cooperation Agency (JICA), the Ministry of Natural Resources and Environment (MONRE), and the Department of Natural Resources and Environment (DONRE) of Ho ...

(Source: VNA)