Vietnamese, Japanese firms seek investment, trade partnerships
A business networking event was held in Ho Chi Minh City on April 12 to promote trade ties between Vietnamese and Japanese enterprises.
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A business networking event was held in Ho Chi Minh City on April 12 to promote trade ties between Vietnamese and Japanese enterprises.
Japanese investment in Vietnam is expected to grow this year, given Japan’s recent initiative to shift investment to Vietnam and other Mekong River nations, as well as free trade agreements (FTA), experts said.
Many Japanese investors still lack information about Vietnam’s real estate market, heard an investment promotion workshop held by TMS Group in Fukuoka prefecture of Japan on April 10.
The real estate market in Vietnam is the most attractive in Southeast Asia, according to Director of Japan’s Global Link Cooperative Yoshinori Nakata.
The Hanoi People’s Committee organised a conference to promote investment and tourism cooperation with Japan in the capital city on March 29.
Nearly 200 third-year students majoring in nursing, tourism, education, business administration, electricity-electronics, information technology, and construction of Dong A University were received in Japan before they start their internship and work placement scheme.
The import-export procedures and specialised inspections have been reformed in a positive way, making it easier for foreign businesses, including those from Japan, to invest in Vietnam.
The increase of foreign direct investment (FDI) in the first two months of the year has contributed to a better performance of listed industrial park developers.
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.
Up to 70 percent of Japanese businesses have announced that they want to expand operations in Vietnam, especially in manufacturing, trade and service, and retail sector, according to the Japanese External Trade Organisation (JETRO).
Japanese companies highly evaluate Vietnam’s business climate and tend to boost investment in the manufacturing industry, heard a press conference held by the Japan External Trade Organisation (JETRO) Office in Ho Chi Minh City on March 4.
The People’s Committee of northern Bac Giang province held a ceremony on March 1 to receive 100 cherry blossom trees present by the Japan-Vietnam Friendship Association of Chukyo region.
A business delegation from the Japan Chamber of Commerce and Industry (JCCI) had a working session with authorities from the northern province of Ha Nam on February 26 to explore the local investment environment.
Prime Minister Nguyen Xuan Phuc has welcomed the initiative of Japan Chamber of Commerce and Industry (JCCI) to shift Japan’s investment from other countries to Vietnam and other Mekong River nations.
An event to review economic cooperation between Vietnam and Japan over the years and towards effective development in the future was held by the Vietnam Chamber of Commerce and Industry (VCCI) on February 25.
The Vietnamese Government is committed to creating the best conditions for foreign firms, including MUFG Bank, to operate in Vietnam, stated Prime Minister Nguyen Xuan Phuc at a meeting with Kanetsugu Mike, President and CEO of the Japanese largest bank in Hanoi on February 22.
About 65.3 percent of Japanese companies in Vietnam gained operating profits in 2018, 0.2 percentage points more than in the previous year.
The domestic market is expected to see considerable changes in 2019 as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) became effective as from January 14, according to market watchers.
