Vietnam was seen as a attractive destination for Japanese investors,although the northeast Asian nation has changed its investment policy inSoutheast Asia due to post-March disaster challenges.
Accordingto a recent survey by Japan’s Nikkei Economic Times, the number ofJapanese firms investing in Vietnam in 2010 rose to 1,000, from 200in 2006.
The survey showed that approximate 70 percent ofJapanese businesses interviewed considered Vietnam as the mostattractive destination, surpassing Thailand, Indonesia and India .
Theresult of a survey made by the Japan Bank for International Cooperation(JBIC) in 2010 showed that of Japan 's total overseas investment,Vietnam ranked third in the medium term as a country with highpotential for foreign trade, and the fourth in the long term.
HideoNaito, Head of Department for Investment Finance of Energy, WaterResource and Infrastructure at JBIC, attributed Vietnam ’s magnetismto cheap labour, skilled workers, a strong development outlook for thedomestic market and capacity to export to third countries.
Vietnam was also considered a market for potential domestic consumption by Japanese firms.
Marubenigroup has cooperated with the Dong Nai Food Corporation (Dofico) withan ambition of becoming the number one in production and distribution offarm produce, food and feed in the Vietnamese market.
Earlier inMay, the Japanese firm signed a strategic cooperation agreement withthe Vietnam Garment and Textile Group (Vinatex) to increase exports ofVietnam ’s apparel products to Japan .
According to theMinistry of Planning and Investment’s Foreign Investment Department ,Japan had by August run 1,560 valid projects with a total registeredcapital of nearly 22 billion USD, ranking fourth among 92 nations andterritories directly investing in Vietnam .
Japan’s investmentprojects were mainly in the areas of industries and supportingindustries, plus high tech investments in line with the VietnameseGovernment’s policy./.
Accordingto a recent survey by Japan’s Nikkei Economic Times, the number ofJapanese firms investing in Vietnam in 2010 rose to 1,000, from 200in 2006.
The survey showed that approximate 70 percent ofJapanese businesses interviewed considered Vietnam as the mostattractive destination, surpassing Thailand, Indonesia and India .
Theresult of a survey made by the Japan Bank for International Cooperation(JBIC) in 2010 showed that of Japan 's total overseas investment,Vietnam ranked third in the medium term as a country with highpotential for foreign trade, and the fourth in the long term.
HideoNaito, Head of Department for Investment Finance of Energy, WaterResource and Infrastructure at JBIC, attributed Vietnam ’s magnetismto cheap labour, skilled workers, a strong development outlook for thedomestic market and capacity to export to third countries.
Vietnam was also considered a market for potential domestic consumption by Japanese firms.
Marubenigroup has cooperated with the Dong Nai Food Corporation (Dofico) withan ambition of becoming the number one in production and distribution offarm produce, food and feed in the Vietnamese market.
Earlier inMay, the Japanese firm signed a strategic cooperation agreement withthe Vietnam Garment and Textile Group (Vinatex) to increase exports ofVietnam ’s apparel products to Japan .
According to theMinistry of Planning and Investment’s Foreign Investment Department ,Japan had by August run 1,560 valid projects with a total registeredcapital of nearly 22 billion USD, ranking fourth among 92 nations andterritories directly investing in Vietnam .
Japan’s investmentprojects were mainly in the areas of industries and supportingindustries, plus high tech investments in line with the VietnameseGovernment’s policy./.
