According to a recent survey by JETRO on business conditions for Japanese-affiliated companies overseas, the expanding domestic market demand and the increasing profitability rate are major driving forces for Japanese businesses to continue expanding their operations in Vietnam in the coming years.
Over 56% of Japanese firms operating in Vietnam plan to expand within the next year or two, the highest rate among Southeast Asian countries, according to a survey.
Over 56% of Japanese firms operating in Vietnam plan to expand within the next year or two, the highest rate among Southeast Asian countries, according to a survey.
The advantages and potential of Vietnam’s northern border province of Lao Cai were introduced to Japanese firms at an investment and tourism promotion conference in Tokyo on April 23.
Secretary of the Party Committee of Binh Duong province Nguyen Van Loi has pledged all the best conditions possible to foreign investors so they can undertake long-term business effectively in the southern locality.
Southern localities remain attractive destinations for Japanese investors thanks to the completion of infrastructure systems and an improved business environment.
The People’s Committee of the Mekong Delta province of Long An on August 23 held an investment promotion conference and a dialogue with Japanese enterprises.
The Central Highlands province of Gia Lai held a workshop on May 22 to introduce its potential and seek chances for investment cooperation with Japan in agriculture, processing, renewable energy, and tourism.
The Vietnam-Japan Friendship Association (VJFA) of Vinh Long province plans to increase activities to further develop bilateral ties and popularise the solidarity and friendship between the two countries, heard the association's second congress on March 31.
There was a significant increase in Japanese investment in Vietnam’s non-manufacturing industries, such as retailing, education, healthcare, energy, finance and insurance, transport and real estate, according to a 2021 survey of the Japan External Trade Organisation (JETRO) on 700 Japanese FDI enterprises in Vietnam.
Many Japanese enterprises attending the Japan IT Week Osaka 2022, which concluded on January 21, showed great interest in a face recognition solution named CMC Intelligent Video Analytics and Management System (CIVAMS), and digital transformation solution Cloud MSP researched and developed by CMC Corporation of Vietnam.
Vietnam’s northern province of Hung Yen will create optimal conditions for investors from Japan, Chairman of the provincial People’s Committee Tran Quoc Van has said.
Recent announcements made by foreign investors on additional investment to expand production in Vietnam reflect their trust in Vietnam’s prospects for economic recovery, reported the Dau tu (Investment Review) newspaper.
More and more Japanese firms are expanding business in Southeast Asia and scaling down operations in China due to its escalating tensions with the US, according to the Japan External Trade Organization (JETRO).
Eighty percent of Japanese firms operating in Thailand are suffering from falling sales and other adverse effects of the COVID-19 pandemic, according to a survey.
A Japanese business delegation led by Sakai Hironori, President of the Japan-Vietnam Friendship Association in Hyogo prefecture, had a working session with leaders of the Binh Phuoc People’s Committee
Tidy profits have motivated around 64 percent of Japanese firms in Vietnam to consider expanding their business in the Southeast Asian country, according to the Japan External Trade Organisation (JETRO).
Over 80 percent of Japanese firms said they are willing to receive foreign workers, and 95 percent of them are interested in Vietnamese IT engineers, according to a survey conducted by the Vietnam Software Association (VINASA).
Vietnam has been an attractive destination for Japanese investors and experts predicted that more Japanese firms will come to do business in the Southeast Asian country thanks to its economic growth and integration advantages.
The Vietnamese Government will continue to create a favourable business environment to encourage foreign investors, including those from Japan, to do long-term business in Vietnam, said Deputy Prime Minister Trinh Dinh Dung.
