Solar panels are packaged at the factory of the JA Solar Vietnam Co. Ltd, invested by Hong Kong (China), in Quang Chau Industrial Park in Bac Giang province (Photo: VNA) Tokyo (VNA) – A recent survey of the Japan Bank for International Cooperation (JBIC) has found that 36.4 percent of Japanese businesses operating overseas viewedVietnam as a promising investment destination, up 2.5 percent from 2018.
Vietnam has risen to third inthe JBIC rankings with 36.4 percent of the vote, and also made the mostimpressive progress among the top 10 markets for Japanese businesses.
Winning 47.8 percent of the vote,India was chosen as the top potential market for Japanese firms, while Chinadropped to the second position with 44.6 percent, down 7.6 percent over 2018.
Thailand fell to fourthposition with 32.9 percent, followed by Indonesia and the US.
In the 10-year outlook,Vietnam also ranked third with 34.8 percent after India and China.
The JBIC said that Japanesefirms have high confidence in Vietnam’s future growth as well as a low-cost and high quality labour force.
However, they also expressed concernover fierce competition as well as rising labour costs and difficulties inrecruiting management personnel, stated the survey./.
VNA
