Vietnam remains promising destination for Japan investors

A view of Toyota Vietnam's factory in Vinh Phuc Province. Vietnam is a promising destination for Japan investors. Photo Danh Lam

A recent survey of Japan Bank for International Cooperation’s (JBIC) has shown that 36.4 per cent of Japanese businesses operating overseas viewed Vietnam as a promising investment destination in the middle and long terms, up 2.5 per cent from 2018.

Vietnam has risen to third in the Japan Bank for International Cooperation’s (JBIC) rankings with 36.4 per cent of the vote, and also made the most impressive progress among the top 10 markets for Japanese businesses.
Winning 47.8 per cent of the vote, India was chosen as the top potential market for Japanese firms, while China dropped to second position with 44.6 per cent, down 7.6 per cent over 2018.
Thailand fell to fourth position with 32.9 per cent, followed by Indonesia and the US.
In the 10-year outlook, Vietnam also ranked third with 34.8 per cent after India and China.
The JBIC said that Japanese firms have high confidence in Vietnam’s future growth as well as a low-cost and high quality labour force.
However, they also expressed concern over fierce competition as well as rising labour costs and difficulties in recruiting management personnel, stated the survey.

Japanese entrepreneurs seek investment chances in Can Tho city

Representatives of authorities of the Mekong Delta city of Can Tho on November 29 welcomed more than 200 Japanese entrepreneurs who came to the locality to seek investment chances.
The Japanese guests, arriving in a charter flight from Tokyo, are also to attend the fifth Vietnam – Japan cultural and trade exchange programme from November 29 – December 4.Director of the Vietnam Chamber of Commerce and Industry’s Can Tho chapter Nguyen Phuong Lam said more and more Japanese entrepreneurs are eager to visit Vietnam to look for investment chances in the fields of food and farm produce processing, IT, transport infrastructure and financial consultation.
The Mekong Delta region boasts advantages in agriculture while industry and trade are new to it, and that is why the organizing board of the exchange programme hopes to introduce potential of the region to the Japanese side, he said, adding localities are striving to improve the traffic infrastructure and the quality of the human resources here so as to attract foreign investors.
The Vietnam – Japan programmes comes within the framework of Can Tho’s investment promotion activities with Japan.

Source: VNS

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