Over 747.6 million USD were poured into export processing zones (EPZs) and industrial parks (IPs) in Ho Chi Minh City in 2020, representing a year-on-year increase of 15.79 percent, according to the HCM City Export Processing and Industrial Zones Authority (HEPZA).
Japanese enterprises raised concerns over institutions and policies in Vietnam during a dialogue on December 21, which were then cleared up by representatives from Vietnamese ministries and agencies.
A range of issues, including those regarding working environments and the reform of State-owned enterprises and the stock market, will be included in the action plan for Phase VIII of the Vietnam-Japan Joint Initiative.
The Embassy of Vietnam in Japan and the International Friendship Exchange Council (FEC) jointly held the 60th Business Forum in Tokyo on December 9, attended by representatives from 20 Japanese enterprises.
Japanese enterprises have donated more than 50 million JPY (481,100 USD) for a programme to finance part of tuition fees for Vietnamese students facing difficulties due to the COVID-19 pandemic in Japan, which has selected more than 1,060 beneficiaries.
Foreign direct investment in supporting industries is expected to spike in the coming months as more and more foreign companies establish production facilities in Vietnam and seek to develop supply chains here, experts said.
About 100 Vietnamese and Japanese enterprises joined an event in the northern port city of Hai Phong on November 20 to connect the supply and demand of technological equipment.
Deputy Prime Minister and Minister of Foreign Affairs Pham Binh Minh held phone talks with Governor of Japan’s Gunma prefecture Yamamoto Ichita on November 18 to discuss measures to support Vietnamese citizens and promote bilateral cooperation.
Japan’s Nomura Real Estate Development Company Limited has agreed to participate in a condominium housing project within the Ecopark project, a large-scale development undertaken by Ecopark Corporation Joint Stock Company in the northern province of Hung Yen.
With significant investment in building transport and industrial infrastructure as well as favourable mechanisms and policies in support of investors, Vinh Phuc is emerging as an attractive destination for Japanese businessmen.
Virtual exhibitions for the manufacturing, metalworking and supporting industries, the 2020 METALEX Vietnam - Supporting Industry Show, that opened on October 23 promise to serve as an effective networking platform for local and international companies.
Business and production activities are expected to pick up in the last three months of a year, thus helping with the recovery of the labour market from the negative impacts of the COVID-19 pandemic. Therefore, the unemployment rate is likely to drop and labourers’ income is expected to rise in the last quarter of this year, experts said.
The southern province of Dong Nai has remained a magnet for FDI, with major groups from the Republic of Korea, Taiwan (China), Japan, Singapore, and China all pouring capital into the locality.
Vietnam is a destination that can bring substantial benefit to Japanese investors, Director of the Vietnam Economic Research Institute (OERI) Moribe Hiroyuki said ahead of an official visit by Japanese Prime Minister Suga Yoshihide.
Vietnam is willing to welcome investment from Japanese IT enterprises, Deputy Minister of Information and Communications Pham Anh Tuan told an online conference on September 30.
Japanese enterprises operating at Hung Yen’s industrial park are pleased with favourable conditions they have received here, with many planning to expand their investment, according to Japanese Ambassador to Vietnam Yamada Takio.
Major Japanese enterprises are looking to buy Vietnamese IT firms through merger and acquisition (M&A) deals to expand production and business in the Southeast Asian country, reported Dau tu (Investment) newspaper.
While the real estate market was gradually recovering with positive signals from supply and successful transactions, the COVID-19 dealt a second blow, making it hard to forecast the market.
Prime Minister Nguyen Xuan Phuc held phone talks with his Japanese counterpart Shinzo Abe on August 4 to discuss promoting bilateral ties as well as cooperation at regional and global forums.
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