More Japanese enterprises have come to Ho Chi Minh City this year tosound out business prospects, a local newspaper quoted Vice Chairman ofthe HCM City People’ Committee Hua Ngoc Thuan as saying.
Accordingto the Saigon Times Daily, Thuan said in the year to date, manydelegations of senior Japanese officials have visited HCM City and thesedelegations have helped bring more Japanese investors to the city.
Japanese companies have invested in 668 projects in HCM City with combined registered capital of 25 billion USD.
“Thenumbers will increase as many big firms of Japan have expressed theirkeen interest in the city,” Thuan said at a meeting on August 19 withJapanese House of Representatives member Hase Hiroshi andrepresentatives of Japanese enterprises.
The first Vietnam-Japanindustrial park will come online in the city in late October this yearand the city government wants to call for Japanese firms to invest inhigh-tech and supporting industries, Thuan said.
At the meeting,Hiroshi introduced some enterprises and university presidentsaccompanying him to Vietnam this time. He expected those firms will findpartners in the city and achieve success as what Japan’s Mitani SangyoCo. Ltd. has done when raising its staff to 1,500 after starting itsbusiness in HCM City with only one employee 20 years ago.
Asurvey announced by the Japan External Trade Organization (JETRO)earlier this year showed 70 percent of Japanese investors said they wantto expand their operations in Vietnam despite concerns over theinvestment environment.
According to the Daily, Atsusuke Kawada,head of the JETRO office in Hanoi, predicted that Japanese firms willinvest more in supporting industries in addition to other sectors. MoreJapanese firms will shift operations from China to Vietnam in the comingyears to offset rising production costs in China.-VNA
Accordingto the Saigon Times Daily, Thuan said in the year to date, manydelegations of senior Japanese officials have visited HCM City and thesedelegations have helped bring more Japanese investors to the city.
Japanese companies have invested in 668 projects in HCM City with combined registered capital of 25 billion USD.
“Thenumbers will increase as many big firms of Japan have expressed theirkeen interest in the city,” Thuan said at a meeting on August 19 withJapanese House of Representatives member Hase Hiroshi andrepresentatives of Japanese enterprises.
The first Vietnam-Japanindustrial park will come online in the city in late October this yearand the city government wants to call for Japanese firms to invest inhigh-tech and supporting industries, Thuan said.
At the meeting,Hiroshi introduced some enterprises and university presidentsaccompanying him to Vietnam this time. He expected those firms will findpartners in the city and achieve success as what Japan’s Mitani SangyoCo. Ltd. has done when raising its staff to 1,500 after starting itsbusiness in HCM City with only one employee 20 years ago.
Asurvey announced by the Japan External Trade Organization (JETRO)earlier this year showed 70 percent of Japanese investors said they wantto expand their operations in Vietnam despite concerns over theinvestment environment.
According to the Daily, Atsusuke Kawada,head of the JETRO office in Hanoi, predicted that Japanese firms willinvest more in supporting industries in addition to other sectors. MoreJapanese firms will shift operations from China to Vietnam in the comingyears to offset rising production costs in China.-VNA
