HCM City and Japanese firms discussed investment opportunities at a business-matching event held in HCM City. (Illustrative image. Source: baocongthuong.com.vn)At the event, more than 100 participants, including representatives from HCM Citycompanies and 11 members of Junior Chamber International Japan (JCI), met todiscuss potential business deals in various fields, including finance, industryand service, as well as in industrial zones.
Kentaro Harada, chairman of JCI, said that Vietnamese industry and servicesectors had been developing well and that the country had become an idealdestination for investors, but that it needed to attract more investment tospeed up industrial growth.
He said Japanese companies should not miss the chance to invest in theindustrial, service and consumption sectors in Vietnam.
Steve Bui, chairman of Delta E&C Japan, said that Vietnam had greatpotential.
He said that, through co-operation with Japanese companies, domesticcompanies would have opportunities to apply modern technologies and improveproduct quality.
Japan is one of Vietnam’s key investors. As of the end of last year,Japanese companies had invested in 3,280 projects in the country, worth a totalof 42 billion USD, equivalent to 14 percent of total foreign investment in thecountry.
Bilateral trade between the two countries continued to increase in recentyears, with average annual growth in the last 10 years of 13.9 percent.
Trade volume by 2020 is expected to be 60 billion USD, compared to 9.93billion USD in 2006 and 30 billion USD now.-VNA
VNA
