Saturday, August 19, 2017 - 6:46:32

Japan investment in Malaysia may rise 30 percent in 2017

VNA Print

Japanese investment in Malaysia may increase by 30 percent this year (Photo: thoibao.today)

Hanoi (VNA) - Japanese investment in Malaysia may increase by 30 percent this year, predicted the Japanese Chamber of Trade and Industry in Malaysia (JACTIM), according to Kyodo news.

In a recent seminar, JACTIM President Toshihiko Todokoro expressed optimism for a surge of at least 30 percent in Japanese investment in Malaysia in 2017.

Todoroko said Japanese companies will expand operation in Malaysia if political stability is maintained, since it is important for those companies, especially new investors.

The latest data shows that Japanese investment in Malaysia is concentrated on the manufacturing sector, notably in the electrical and electronics industry. Half of about 1,400 Japanese companies operating in the country are manufacturers.

Japanese firms' cumulative investment in Malaysia is estimated at 52 billion MYR (12 billion USD).-VNA

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