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.
Japanese enterprises have donated more than JPY50 million (US$481,100) for a program to finance part of tuition fees for Vietnamese students facing difficulties due to the COVID-19 pandemic in Japan, which has selected more than 1,060 beneficiaries.
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 Office of Japan External Trade Organization (JETRO) in the capital city of Hanoi yesterday held a press conference to share some information about 15 Japanese enterprises which will open their factories in Vietnam.
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.
In the past few years, investment wave from Japan into Vietnam has ceaselessly increased in both number of enterprises and capital volume with roughly 1,800 Japanese enterprises and total investment of US$9.5 billion across the country by the end of 2018, of which nearly 1,000 Japanese enterprises are in Ho Chi Minh City.
Prime Minister Nguyen Xuan Phuc assured more than 30 corporate executives in Kansai region of Japan during a dialogue on June 7 that Vietnamese localities offer all possible support to them to do business.
Ho Chi Minh City People’s Committee Chairman Nguyen Thanh Phong yesterday received Mr. Kadowaki Keiichi, President of the Japanese Business Association in Ho Chi Minh City (JBAH).
