Japanese investors in Vietnam are likely to shift their capital tothe trade and service sectors given the advantages of the ASEAN-JapanComprehensive Economic Partnership Agreement (AJCEP) in 2015-2019 andthe ASEAN Trade in Goods Agreement (ATIGA) in 2015-2018.
According to the Ministry of Finance, more than 3,200 tax categorieson materials, machines and equipment, electronics and spare parts fromJapan have enjoyed a zero-percent tax rate from April 2015 as aresult of the Vietnamese preferential tariff within the AJCEP framework.
Furthermore, many goods imported from regionalcountries are expected to be cheaper than domestically made productsunder the ATIGA, the ministry said.
With theseagreements, the Japanese have more reasons to focus on trade and servicedevelopment projects in Vietnam , it added.
General Director of Aeon Vietnam Yasuo Nishitohge told the Dau Tu(Investment) newspaper that the new tariff policy has had a positiveimpact on retail groups like Aeon, adding that the import tax reductionhas enabled the company to diversity its products and sell goods atreasonable prices and with high quality for Vietnamese customers.
Another retail giant from Japan, Family Mart, affirmed that itwill not withdraw from the Vietnamese market. A representative from thecompany said it plans to have 100 stores in Vietnam by 2015 andincrease the number to 800 in the next five years to make up around 30percent of the Vietnamese market share.
According toa survey conducted by the Japan External Trade Organisation (JETRO),Vietnam granted investment licences to 517 Japanese investmentprojects last year, including 342 new ones and 175 for businessexpansion.
The organisation revealed that the totalinvestment capital of Japanese firms in Vietnam in 2014 was as muchas 60.9 percent of that from the previous year; however, investmentprojects in the fields of trade and services increased in volume,including 85 percent of under-five-million-USD projects.
The trade activities of Japanese firms in the fields are expected tobe more bustling in the coming time due to their competitively highquality products, according to the consulting services corporationRECOF.
Many Japanese enterprises aim to expand theiroperations in Vietnam, especially in non-banking financialservices, transport, technology, hotels, marketing and retail, it said.
For example, the Japan Logistic Systems Group ispouring investment to build store houses in Hanoi, Da Nang and Ho ChiMinh City; while the Nissin Group is partnering with Vietnam Railways tooperate a cargo transporter specially designed for Japanese firms.-VNA
According to the Ministry of Finance, more than 3,200 tax categorieson materials, machines and equipment, electronics and spare parts fromJapan have enjoyed a zero-percent tax rate from April 2015 as aresult of the Vietnamese preferential tariff within the AJCEP framework.
Furthermore, many goods imported from regionalcountries are expected to be cheaper than domestically made productsunder the ATIGA, the ministry said.
With theseagreements, the Japanese have more reasons to focus on trade and servicedevelopment projects in Vietnam , it added.
General Director of Aeon Vietnam Yasuo Nishitohge told the Dau Tu(Investment) newspaper that the new tariff policy has had a positiveimpact on retail groups like Aeon, adding that the import tax reductionhas enabled the company to diversity its products and sell goods atreasonable prices and with high quality for Vietnamese customers.
Another retail giant from Japan, Family Mart, affirmed that itwill not withdraw from the Vietnamese market. A representative from thecompany said it plans to have 100 stores in Vietnam by 2015 andincrease the number to 800 in the next five years to make up around 30percent of the Vietnamese market share.
According toa survey conducted by the Japan External Trade Organisation (JETRO),Vietnam granted investment licences to 517 Japanese investmentprojects last year, including 342 new ones and 175 for businessexpansion.
The organisation revealed that the totalinvestment capital of Japanese firms in Vietnam in 2014 was as muchas 60.9 percent of that from the previous year; however, investmentprojects in the fields of trade and services increased in volume,including 85 percent of under-five-million-USD projects.
The trade activities of Japanese firms in the fields are expected tobe more bustling in the coming time due to their competitively highquality products, according to the consulting services corporationRECOF.
Many Japanese enterprises aim to expand theiroperations in Vietnam, especially in non-banking financialservices, transport, technology, hotels, marketing and retail, it said.
For example, the Japan Logistic Systems Group ispouring investment to build store houses in Hanoi, Da Nang and Ho ChiMinh City; while the Nissin Group is partnering with Vietnam Railways tooperate a cargo transporter specially designed for Japanese firms.-VNA
