Vietnam: A safe investment destination

Asserting Vietnam’s recent impressive changes in economy, the Japanese professor said that Vietnam was considered a country of agricultural product export such as rice, coffee, tea and fisheries. Over the recent years, Vietnam’s export goods have expanded to industrial sectors with such products as smart phones and automobile parts. “With millions of smart phones exported, the supporting industry and production of spare parts will be developed, thus promoting national industrialization,” he said.

He added that to become a large exporting country of the world, Vietnam joined the World Trade Organization (WTO), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and the Free Trade Agreement (FTA) with the European Union, creating a competitive and free trade environment.

Regarding Japan’s investment into Vietnam, the professor said that Japanese small-and medium-sized businesses have actively invested into Vietnam. In the agricultural sector, Japan has started to look into Vietnam as an export market for high quality fruits. As a result, compared to 20 years ago, Japan’s investment into Vietnam’s agriculture has changed.

Additionally, Japanese businesses have also invested in supporting industry and labour force training, according to Prof. Ryo Ikebe./.