Vietnam remains attractive to Japanese investors

Nearly two-thirds of Japanese firms operating in Vietnam plan to expand operations in the Southeast Asian country over the next two years.

Tuesday, December 03, 2013 21:06

Nearly two-thirds of Japanese firms operating in Vietnam plan toexpand operations in the Southeast Asian country over the next twoyears.

The figure was released in a report by theJapan External Trade Organisation (JETRO) after it conducted a survey on4,000 Japanese companies operating in Asia-Pacific, including 250 inVietnam .

The figure is much higher than that inthe Asia-Pacific region, which demonstrates Japanese confidence inVietnam ’s investment climate, said Deputy Director of the TradePromotion Department under the Ministry of Industry and Trade Ta HoangLinh.

Statistics from the Foreign InvestmentDepartment of the Ministry of Planning and Investment indicated thatJapan has so far poured money into over 2,100 projects worth more than34.5 billion USD in Vietnam .

Two-way trade isexpected to hit 29 billion USD by the end of this year, heardparticipants at a conference held on December 3 in Hanoi by the JointStock Commercial Bank for Investment and Development of Vietnam and theShinkin Central Bank of Japan.-VNA

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