Illustrative image (Source: VNA) Hanoi (VNA)– The Japan External Trade Organisation (JETRO) said with a young population,great potential and increasing trade growth, Vietnam is offering bigopportunities for Japanese firms to expand their market.
In fact, manyJapanese enterprises have invested or expanded investment activities inVietnam, focusing on the fields of food processing, agro-forestry-aquaculture,consumer goods, electronic components, industrial products, construction,transport and environmental protection.
Not only big firms,small and medium-sized enterprises are also increasing their investments ininternational markets.
JETRO has providedJapanese firms with advertisement costs and market information, and helped themto connect with Vietnamese investors, thus making it easier for them to operatein Vietnam.
Up to 70 percent ofJapanese enterprises operating in Vietnam have committed to expanding theirinvestment, production and business in the country in the coming time. Thisproved that Vietnam continues to be an important destination for Japanesefirms.
JETRO ChiefRepresentative in Ho Chi Minh City Takimoto Koji said the Vietnamese governmentand Japanese enterprises should pay attention to training high-quality humanresources, who can control robots.
Priority should bealso given to developing energy and infrastructure, especially transportinfrastructure, he said.
Vo Tan Thanh,Director of the Vietnam Chamber of Commerce and Industry’s Branch in HCM City,said Vietnam is accelerating reformd to attract investment, and supportinginvestors in all fields, especially in handling administrative procedures andreducing taxes.
The Vietnamesegovernment has devised many solutions to improve the country’s investment andbusiness environment in a bird to lure more foreign investors, especially thosefrom Japan, he said.
To cooperatesustainably with Japanese partners, Vietnamese firms need to invest more inscience and technology to better the quality of their products and make theirproduction more professional, Thanh suggested.
They should alsoboost linkages to meet the demand for materials from Japanese businesses, hestressed.
Economic and traderelations between Vietnam and Japan have recorded rapid development in recentyears. 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 tradeturnover to 60 billion USD by 2020.
By the end of 2018, Japan topped the list offoreign investors in Vietnam with combined registered capital of 9.5 billionUSD. Around 1,800 Japanese enterprises are operating in the Southeast Asiancountry, some 1,000 of which are in Ho Chi Minh City.-VNA
In fact, manyJapanese enterprises have invested or expanded investment activities inVietnam, focusing on the fields of food processing, agro-forestry-aquaculture,consumer goods, electronic components, industrial products, construction,transport and environmental protection.
Not only big firms,small and medium-sized enterprises are also increasing their investments ininternational markets.
JETRO has providedJapanese firms with advertisement costs and market information, and helped themto connect with Vietnamese investors, thus making it easier for them to operatein Vietnam.
Up to 70 percent ofJapanese enterprises operating in Vietnam have committed to expanding theirinvestment, production and business in the country in the coming time. Thisproved that Vietnam continues to be an important destination for Japanesefirms.
JETRO ChiefRepresentative in Ho Chi Minh City Takimoto Koji said the Vietnamese governmentand Japanese enterprises should pay attention to training high-quality humanresources, who can control robots.
Priority should bealso given to developing energy and infrastructure, especially transportinfrastructure, he said.
Vo Tan Thanh,Director of the Vietnam Chamber of Commerce and Industry’s Branch in HCM City,said Vietnam is accelerating reformd to attract investment, and supportinginvestors in all fields, especially in handling administrative procedures andreducing taxes.
The Vietnamesegovernment has devised many solutions to improve the country’s investment andbusiness environment in a bird to lure more foreign investors, especially thosefrom Japan, he said.
To cooperatesustainably with Japanese partners, Vietnamese firms need to invest more inscience and technology to better the quality of their products and make theirproduction more professional, Thanh suggested.
They should alsoboost linkages to meet the demand for materials from Japanese businesses, hestressed.
Economic and traderelations between Vietnam and Japan have recorded rapid development in recentyears. 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 tradeturnover to 60 billion USD by 2020.
By the end of 2018, Japan topped the list offoreign investors in Vietnam with combined registered capital of 9.5 billionUSD. Around 1,800 Japanese enterprises are operating in the Southeast Asiancountry, some 1,000 of which are in Ho Chi Minh City.-VNA
VNA
