In fact, many Japanese enterprises have invested or expanded investment activities in Vietnam, focusing on the fields of food processing, agro-forestry-aquaculture, consumer goods, electronic components, industrial products, construction, transport and environmental protection.

At an electronics firm of Japan in Vietnam.

Not only big firms, small and medium-sized enterprises are also increasing their investments in international markets.

JETRO has provided Japanese firms with advertisement costs and market information, and helped them to connect with Vietnamese investors, thus making it easier for them to operate in Vietnam.

At present, as many as 70 percent of Japanese enterprises operating in Vietnam have committed to expanding their investment, production and business in the country in the coming time. This proved that Vietnam continues to be an important destination for Japanese firms.

JETRO Chief Representative in Ho Chi Minh City Takimoto Koji said the Vietnamese government and Japanese enterprises should pay attention to training high-quality human resources, who can control robots.

Priority should be also given to developing energy and infrastructure, especially transport infrastructure, he said.

Vo Tan Thanh, Director of the Vietnam Chamber of Commerce and Industry’s Branch in HCM City, said Vietnam is accelerating reform to attract investment, and supporting investors in all fields, especially in handling administrative procedures and reducing taxes.

The Vietnamese government has devised many solutions to improve the country’s investment and business environment in a bid to lure more foreign investors, especially those from Japan, he said.

To cooperate sustainably with Japanese partners, Vietnamese firms need to invest more in science and technology to better the quality of their products and make their products more professional, Thanh suggested.

They should also boost linkages to meet the demand for materials from Japanese businesses, he stressed.

Economic and trade relations between Vietnam and Japan have recorded rapid development in recent years. Japan is now the fourth largest trade partner of Vietnam after China, the US and the Republic of Korea. The two countries strive to lift their trade turnover to 60 billion USD by 2020.

By the end of 2018, Japan topped the list of foreign investors in Vietnam with combined registered capital of 9.5 billion USD. Around 1,800 Japanese enterprises are operating in the Southeast Asian country, some 1,000 of which are in Ho Chi Minh City.

Yokoi Mould company nurtures Vietnam and Japan Friendship

(BGO) - 2018 marked the 10th year Yokoi Mould Vietnam Company Limited (Yokoi Mould) investing in Bac Giang province. Over the past 10 years, Yokoi Mould has not only ceaselessly developed its production and created stable jobs for laborers, the company has also carried out many activities contributing to deepening the friendship between Vietnam and Japan. 

 

HCM City, Japan’s Aichi prefecture boost cooperation

Ho Chi Minh City and Japan’s Aichi prefecture should accelerate cooperation in such potential sectors as engineering industry, electronics, information and technology (IT) and plastic chemistry, said Chairman of the HCM City People’s Committee Nguyen Thanh Phong.

 

Japan leads foreign investors in Vietnam in 2018

Japan took the lead among 112 countries and territories invested in Vietnam in 2018, with 8.59 billion USD, making up 24 percent of the nation’s total FDI. 

 

PM calls on Japanese ruling party to boost ties with Vietnam

Prime Minister Nguyen Xuan Phuc has suggested that the Liberal Democratic Party (LDP) of Japan continue promoting party, government and parliament delegation visits with Vietnam as well as support stronger cooperation in trade, investment, people-to-people and locality-to-locality exchanges.

 

Party chief hosts Communist Party of Japan leader

The Party, State and people of Vietnam always treasure the cooperation and traditional friendship with the Communist Party of Japan (CPJ), Party General Secretary and President Nguyen Phu Trong has said. 

 

Source: VNA