Multinational corporations are increasingly locating some Southeast Asian regional headquarters functions outside Singapore to save money and pursue expanded opportunities, according to foreign media.
The Association of Southeast Asian Nations (ASEAN) and Japan have agreed on several economic cooperation measures as they are celebrating the 50th anniversary of dialogue relations this year.
Prime Minister Pham Minh Chinh has suggested the Japan External Trade Organisation (JETRO) help Japanese firms further expand their operations in Vietnam, especially in green and digital transformation, circular and knowledge-based economy, climate change adaptation, supporting industries, innovation and technology transfer, particularly advanced, green and clean technologies.
Three foreign groups unveiled their plans to pour 3.7 billion USD into Vietnam at the Prime Minister’s meeting with foreign investors in Hanoi on April 22, reported the Ministry of Planning and Investment.
The proportion of Japanese enterprises that intend to expand their investment in Vietnam in the next one to two years is 60%, up 4.7 points from the previous year and the highest among Southeast Asian countries.
More than 60 Japanese and Vietnamese enterprises based in the northern port city of Hai Phong and neighbouring localities attended a technology networking event hosted by Hai Phong’s Department of Science and Technology on September 13.
Japanese investors’ confidence in Vietnam has still been increasing despite adverse impacts of the COVID-19 pandemic, Shigetoshi Aoyama, Executive Vice President of the Japan External Trade Organisation, has said.
The proportion of Japanese enterprises operating in Vietnam forecast to be profitable in business activities last year is 54.3 percent, up 4.7 points compared to 2020.
The Republic of Korea (RoK) and Japan are eyeing bigger shares of Vietnam’s agricultural product and food market, given that the festive season is approaching with growing customer demand.
The People’s Committee of southern Binh Duong province held an online conference on November 30 to call for investment from Japan, attracting representatives of about 100 Japanese enterprises.
More Vietnamese goods are available on foreign supermarket shelves but enterprises still need to overcome a number of challenges if they want to enhance their brand image.
Vietnam has been chosen among leading destinations in Southeast Asia by Japanese investors, Nakajima Takeo, Chief Representative of the Japan External Trade Organisation (JETRO) in Hanoi, has said.
Vietnamese farm produce, mostly fruits and vegetables, dried food, aquatic products and beverages, were introduced during the Vietnam – Japan trade teleconference on June 2.
Many Japanese businesses investing in Vietnam have been seeking cooperation in joint-surveys, research and human resources exchange with local universities as a crucial step to expand in Vietnam beyond Ho Chi Minh City and Hanoi.
The Vietnam Support Industry Show 2020 and the METALEX Vietnam 2020 was held online from October 23-24 to connect Vietnamese and Japanese firms in the support industry in the new normal situation.
FDI inflows into Vietnam will soon bounce back once the COVID-19 pandemic is brought under control, Chief Representative of the Japan External Trade Organisation (JETRO) in Hanoi Takeo Nakajima said on September 9.
Trade between Cambodia and Japan reached 778 million USD in the first four months of 2020, up 4 percent year on year, the AKP news agency reported, citing recent statistics from the Japan External Trade Organisation (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.
