Chief Representative of Jetro Hanoi Takeo Nakajima presented the figure as part of the Japan External Trade Organisation (Jetro)'s survey on Japanese investment in Asia and Oceania 2019 to Deputy Minister of Industry and Trade Do Thang Hai at their meeting in Hanoi on February 6.

Chief Representative of Jetro Hanoi Takeo Nakajima.

The Japanese enterprises will continue to expand their businesses in Vietnam based on revenue growth, development ability, stable production and consumption network, low cost, labour resources, regulations and business procedures.

Takeo Nakajima was quoted by the Cong thuong (Industry and Trade) newspaper as saying: “The investment environment in Vietnam has many advantages for Japanese businesses, such as political and social stability, ideal living environment for foreigners and cheap labour costs."

According to this survey, 65.8 percent of Japanese enterprises doing business in Vietnam have been profitable, especially the manufacturing sector, which accounts for 80 percent of profitable firms.

The number of newly established Japanese businesses has also increased in Vietnam.

Vietnam targets to serve 2 million Japanese tourists in 2020

Vietnam aims to welcome 2 million Japanese visitors in 2020, according to the Vietnam National Administration of Tourism (VNAT).

Vietnam, Japan promote investment to develop food chains

Vietnam and Japan have achieved many positive outcomes in agriculture cooperation, and the two sides will continue working together to build sustainable food value chains in the near future, according to the Japan International Cooperation Agency (JICA).

Events held to bolster Vietnam-Japan economic, labour, tourism ties

A ceremony was held in the central city of Da Nang on January 13 to kick off a series of workshops and forums on economic, labour and tourism cooperation between Vietnam and Japan.

Prime Minister welcomes Secretary-General of Japan’s ruling party

Prime Minister Nguyen Xuan Phuc received Secretary-General of the ruling Liberal Democratic Party of Japan (LDP) Nikai Toshihiro, who also chairs the Japan-Vietnam Friendship Parliamentary Alliance, in Hoi An city, the central province of Quang Nam, on January 12.

Japan supports Vietnam’s food value chain development

Vietnam holds great potential in food value chain development with a large consumption market and high export values, especially as the country is a member of various free trade agreements (FTAs), heard a seminar held in Hanoi on January 14.

Source: VNA