Japanese investors affirm trust in Vietnam

Thursday, 25/08/2022 23:45
Speaking at the Vietnam-Japan Trade and Investment Forum in Tokyo (Japan), Mr. Shigetoshi Aoyama, Vice President of the Japan External Trade Organization (JETRO), affirmed the trust of Japanese investors in Vietnam is still growing despite the negative impacts of COVID-19d-19 pandemic.
Producing all kinds of electrical conductors in cars and motorcycles at Sumi Vietnam Wiring System Co., Ltd., a 100% Japanese-invested enterprise in Dong Van II Industrial Park, Duy Tien Town, Ha Nam Province. (Photo: NDO) 

Mr. Aoyama said that Japanese investors' trust in Vietnam increased due to the free trade policy, the positivity in attracting investment and the strong statement of intention to improve the business environment of the Government of Vietnam.

According to Mr. Aoyama, after Vietnam eased entry restrictions in March, JETRO has received more and more requests related to trade and expansion of operations to Vietnam. Since April, the number of consultations received by JETRO's offices in Hanoi and Ho Chi Minh City has increased back to pre-pandemic levels.

In addition, recent survey results of JETRO show that up to 55% of Japanese companies operating in Vietnam have plans to expand their business in Vietnam in the next 1 to 2 years, the highest among the Japanese companies in Southeast Asian country.

On the other hand, Mr. Aoyama also expressed his pleasure that trade and investment activities between Japan and Vietnam continue to grow despite the pandemic. According to JETRO Vice President, in 2021, trade exchange between the two countries still doubled compared to 10 years ago, while Japan's direct investment capital in Vietnam reached USD3.65 billion, increasing nearly three times than that of the previous year.

The Vietnam-Japan Trade and Investment Forum was held in Tokyo by the Ministry of Industry and Trade and the Vietnamese Embassy in Japan in collaboration with JETRO and the ASEAN-Japan Center (AJC) in Tokyo, with the participation of more than 100 delegates coming from associations and businesses of the two countries, including many Japanese businesses operating in fields that Vietnam is interested in such as energy, technology, logistics and real estate.

At the forum, Vietnam's Minister of Industry and Trade Nguyen Hong Dien called on Japanese businesses to invest more in Vietnam, affirming the commitment to support and create favorable conditions for Japanese investors and businesses making new investments or expanding their investment and business activities in Vietnam, and said that Vietnam is willing to listen to the opinions of businesses and investors to further improve the business investment environment./.

Compiled by BTA