At the press conference held by JETRO.(Photo: VNA)
Hanoi (VNA) – The Japan External Trade Organisation (JETRO)recently held a press conference in Hanoi, where it called for Vietnameseenterprises to do business in Japan, noting the country as an attractivedestination for foreign investors.
At the event, JETRO chief representative Hironobu Kitagawa said that Vietnameseenterprises have golden opportunities to invest in the land of the rising sun asthe two countries are increasing their cooperation.
Japanhas a favourable location, sound business climate and its largest everVietnamese population, all factors which will aid Vietnamese enterprises, hesaid.
He also mentioned Japan’s strengths for all foreign investors, including itsgrowing economy, large consumption market, innovation and safety.
Previously, luring foreign direct investment (FDI) was not a focus in Japan’spolicy. However, due to its development requirements, the nation is nowchanging its mind by forming special economic zones and preferential policies.
JETRO offers a programme to support Vietnamese businesses who wish to invest inJapan. After registration with JETRO, the companies will receive free consultingservices from the Invest Japan Business Support Centres (IBSC).
However, economic experts said that as Japan is a fastidious market whichdemands high quality products, Vietnamese businesses should thoroughly studythe investment environment and legal policies while attracting quality humanresources.
According to Nguyen Sy Hai, JETRO representative in Vietnam, Vietnam isoperating 1,253 projects worth 21.4 billion USD in 74 countries and territoriesworldwide.
Vietnamesebusinesses have made little inroads in Japan, running 49 projects valued atonly 7.5 million USD in the country.
Several Vietnamese companies have opened firms in Japan like FPT company andCMC corporation.-VNA
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