Vietnam Time

3/5/2019 2:54:11 PM

Japan promotes investment in manufacturing in Vietnam

Japanese businesses appreciate Vietnam's business and investment environment and tend to boost investment in manufacturing in Vietnam.
 

Illustrative image. 

This information was announced by the Japan External Trade Organisation (JETRO) in Ho Chi Minh City at a press conference on surveys covering the operations of Japanese enterprises in Asia and Oceania, held in Ho Chi Minh City, on March 4.

In 2018, Japan was the largest foreign investor in Vietnam with a total registered capital of nearly US$ 8 billion, accounting for 31% of the total foreign direct investment into Vietnam. In particular, investment in manufacturing tended to recover strongly after many years of continuous decline.

Explaining the investment trend of Japanese enterprises in Vietnam, Takimoto Koji, Head of JETRO in Ho Chi Minh City, said that Japanese enterprises highly appreciate the investment and business environment of Vietnam as well as the political and social stability.

According to the Head of JETRO in Ho Chi Minh City, in 2019, the manufacturing industry is still a field of interest and investment by Japanese enterprises in Vietnam. In addition, indirect investment and services also tend to increase.

However, Japanese enterprises still believe that Vietnam needs to improve the legal system, information transparency and operational mechanisms to attract more foreign investors in the future.
VNF  ( NDO )
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