Sunday, August 20, 2017 - 9:21:53

Vietnam remains destination of choice for Japanese SMEs

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Vietnam continues to be one of the most attractive investment destinations for Japanese small and medium enterprises (SMEs), according to a survey announced by Shoko Chukin Bank on April 2.

The survey covering 3,750 SMEs showed that about 11.7 percent of respondents have invested in overseas markets, mainly in the fields of precision mechanical manufacturing, transportation machinery and information technology and non-manufacturing industries.

Among them, 40.7 percent say they have plans to invest in Vietnam in the time to come.
The survey also showed that China maintains its position as the leading destination for Japanese SMEs, followed by Thailand and Taiwan (China).

According to statistics of the Japanese Business Association (JBA), direct investment from Japan to Vietnam hit 36.5 billion USD by October 2014.

Total Japanese investment capital in Vietnam in the first three months this year reached some 295 million USD for 81 existing and new projects, said an official of the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.-VNA
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