Business environment in Vietnam hasbeen becoming more friendly, affirmed Chairman and CEO of the JapanExternal Trade Promotion Organisation (JETRO) Yasuo Hayashi.
Talking to a Vietnam News Agency correspondent in Tokyo on the occasionof JETRO’s announcement of its report on Japanese businesses’ overseasactivities in the 2009 fiscal year, Hayashi stressed that more and moreJapanese enterprises pay attention to Vietnam when they expand theiroperations overseas.
According to a JETRO survey, Vietnam leaped up one rank from theprevious fiscal year to stand at sixth among the economies Japanesebusinesses want to expand their sale activities in the next threeyears. It also jumped two places to stand at fifth among the marketswhere Japanese partners wants to expand research and development(R&D) activities.
It now stands third in the list of the economies where Japanesecompanies want to expand their production and ranks ninth among themarkets where the Japanese business circle want to expand distributionactivities.
The survey, conducted from November to December 2009 on 3,110 Japanesebusinesses, also shows Japanese companies’ attention to such areas aschemical, coal, oil and gas, IT equipment and electronic parts.
Yuichi Bamba, Deputy Director of the Asian and Ocean Division underJETRO’s Overseas Research Department, said the business environment inVietnam has been improved thanks to the Vietnamese government’s effortsand the implementation of the Vietnam-Japan Joint Initiative onimproving Vietnam ’s business environment and strengthening itscompetitiveness.
However, Hayashi said that several Japanese enterprises are stillconcerned about business risks in Vietnam , especially risks from thecountry’s poor infrastructure and uncompleted legal system./.
Talking to a Vietnam News Agency correspondent in Tokyo on the occasionof JETRO’s announcement of its report on Japanese businesses’ overseasactivities in the 2009 fiscal year, Hayashi stressed that more and moreJapanese enterprises pay attention to Vietnam when they expand theiroperations overseas.
According to a JETRO survey, Vietnam leaped up one rank from theprevious fiscal year to stand at sixth among the economies Japanesebusinesses want to expand their sale activities in the next threeyears. It also jumped two places to stand at fifth among the marketswhere Japanese partners wants to expand research and development(R&D) activities.
It now stands third in the list of the economies where Japanesecompanies want to expand their production and ranks ninth among themarkets where the Japanese business circle want to expand distributionactivities.
The survey, conducted from November to December 2009 on 3,110 Japanesebusinesses, also shows Japanese companies’ attention to such areas aschemical, coal, oil and gas, IT equipment and electronic parts.
Yuichi Bamba, Deputy Director of the Asian and Ocean Division underJETRO’s Overseas Research Department, said the business environment inVietnam has been improved thanks to the Vietnamese government’s effortsand the implementation of the Vietnam-Japan Joint Initiative onimproving Vietnam ’s business environment and strengthening itscompetitiveness.
However, Hayashi said that several Japanese enterprises are stillconcerned about business risks in Vietnam , especially risks from thecountry’s poor infrastructure and uncompleted legal system./.
