Sixty percent of Japanese investors in Asia-Pacific polled in a 2022 survey by the Japan External Trade Organization (JETRO) said they plan to expand operations in Vietnam within the next two years.
Despite adverse Covid-19 impacts on the global economy, Vietnam’s selective investment attraction policy with priority to high-quality projects has proved effective, according to experts.
Since the beginning of the new year, many enterprises have accelerated production to meet the delivery schedule. Along with that, units have been striving to connect with supply chains to increase the source of raw materials.
The total foreign investment capital in Vietnam in the first three months of this year was US$10.13 billion. According to many foreign enterprises, Vietnam is still the country with the safest and most attractive investment environment in Asia in the coming years. Meanwhile, many domestic enterprises complained that “there were still many thumbtacks under the red carpet".
Mr. Nguyen Thanh Phong, Member of the Party Central Committee, Deputy Secretary of the City Party Committee, Chairman of the People's Committee of Ho Chi Minh City, on March 19, chaired a conference to preliminarily summarize the activities of the working group on investment and collect opinion on the plan to improve the investment environment in 2021, with the attendance of Vice Chairman of the People's Committee of HCMC Le Hoa Binh and 15 enterprises from various sectors.
37 Japanese enterprises had decided to invest in Vietnam. This is the latest information that the Japan External Trade Organization (JETRO) released at the end of December this year. According to analysts, not only Japanese enterprises but many foreign enterprises from Europe, the US, Singapore, and South Korea also choose Vietnam as their investment destination. It has made Vietnam become the safest and most attractive destination for foreign investors in 2021.
The risk of a new outbreak of Covid-19 in Europe and the US has been raising concerns that supply chains of raw materials for production will break again. Therefore, foreign direct investment (FDI) enterprises that manufacture end products in Vietnam have been accelerating their capacity to expand domestic supply chains.
The four-day official visit to Vietnam of Japanese Prime Minister Yoshihide Suga is expected to create investment opportunities for Japan’s businesses in Vietnam, said Head of the representative office of the Japan External Trade Organization (JETRO) in HCMC, Hirai Shinji.
Survey conducted by the Japan External Trade Organization (JETRO) showed that 65.3 percent of 787 Japanese companies operating in Vietnam achieved high profits in 2018.
The Japan External Trade Organisation (JETRO) said with a young population, great potential and increasing trade growth, Vietnam is offering big opportunities for Japanese firms to expand their market.
Japanese enterprises in Vietnam are looking to employ a large number of high-quality staff, revealed Hiroyuki Ishige, Chairman and CEO of the Japan External Trade Organisation (JETRO).
Over 70 percent of Japanese businesses in a recent survey affirmed that they will expand investment, trading and production scale in Vietnam, said representative head of Japan External Trade Organization (Jetro) Takimoto Koji in HCMC at a meeting yesterday.
Deputy executive president of Japan External Trade Organization (JETRO) Yasukazu Irino appreciated the attraction of HCMC to foreign investors including Japanese firms at the meeting with chairman of HCMC People’s Committee Nguyen Thanh Phong yesterday.
Japan External Trade Organization (JETRO) said that Japanese businesses have exported in Vietnam an extra of 76 new products comprising confectionary, beverages, ice-cream and comic books.