The Vietnam-Japan Business Association (VJBA) organised a forum to support Vietnamese and Japanese small- and medium-sized enterprises (SMEs) in Hanoi on October 14.

The forum, the first of its kind, served as a bridge for the two countries’ SMEs to boost their collaboration.

In addition, it provided Japanese businesses with useful information on Vietnam’s investment environment as well as helped them overcome any difficulties.

According to VJBA Chairman Dinh Ngoc Hai, Vietnam has recently seen changes in Japanese investments, with a greater number of SMEs operating in services, information technology, human resources, agriculture and support industries.

Since small- and medium-sized enterprises differ significantly from large corporations, there is a need for Vietnamese authorities to develop more effective approaches towards SMEs, he said.

Official government statistics show that Japan was Vietnam’s largest source of ODA from 1993-2013. Between 2011 and 2013, Japan topped the list of 101 countries and territories investing in Vietnam. Especially in 2012, Japanese investments accounted for half of the total foreign direct investment in the country.-VNA