A vegetable farm in Vietnam (Photo: congthuong.vn) Hanoi (VNA) – Up to 70 percent of Japanese businesses want to expand investment inVietnam, especially in agriculture, a recent survey conducted by the Japan ExternalTrade Organisation (JETRO) showed.
With hugeconsumption demand, stable economic growth and low labour costs, Vietnam boastsvarious advantages to attract Japanese firms, said Kazuko Nagura, Deputy ChiefRepresentative of JETRO Hanoi.
As many as 48 Japanesecompanies invested in Vietnam’s agricultural sector in the first nine months ofthis year, with combined registered capital of 270 million USD.
The projectswere mainly invested in the northern province of Ha Nam and the CentralHighlands province of Lam Dong.
Japanese investorsare seeking a key partner for agricultural cooperation, while Vietnam, withhuge potential for high-tech agriculture, is looking to bolster cooperation inthe field.
According to theJapan International Cooperation Agency (JICA), the number of Japanesebusinesses doing market surveys to start investment in the country has been onthe rise.
MentioningJapan’s agricultural development policy, JICA’s Senior Advisor on AgriculturalDevelopment Police Yoshihisa Kimura said that the Japanese agricultural sectorhas succeeded in expanding its husbandry sector and fruit and vegetableplanting, as well as given priority to large-scale rice cultivation.
He also sharedmeasures to improve productivity through developing large-scale rice fields,which enable easier access to traffic and irrigation systems.
In addition,Japanese firms have paid special attention to international recognition on goodagricultural practices (GAP) to gain consumers’ trust and improve quality of products.
Japan is willingto share experience in the field with Vietnam to attract investment and boostfarm produce trading, he said./.
