The proportion of Japanese enterprises that intend to expand business in Vietnam in the next one to two years is 60%, the highest among Southeast Asian countries. (Photo: baochinhphu.vn)This figure is part of a survey on Japanese investment in Asia and Oceania2022 by the Japan External Trade Organisation (JETRO) inVietnam.
In a similar survey in China, the number of Japanese enterprises that haveplans to expand their investment in China in the next one to twoyears is only 33.4%, the lowest level since the survey started in 2007.
In addition, the percentage of Japanese enterprises operating in Vietnam forecastto be profitable in 2022 is 59.5%, up 5.3 points compared to 2021.
According to JETRO, the main reason for the improving business profits inVietnam, in both manufacturing and non-manufacturing sectors, is due to thecountry’s strong socio-economic recovery from the pandemic.
Many firms said business this year improved compared to last yearlargely due to a strong recovery after the pandemic, especially in the consumergoods manufacturing industry and the service industry.
However, some businesses said they faced difficulties in purchasing rawmaterials due to increased labour costs and logistics costs, according to thesurvey.
Regarding prospects in 2023, 53.6% of surveyed Japanese businessesanswered “improved”, the highest in Asia and Oceania.
Meanwhile, 6.9% of surveyed Japanese businesses answered “worse” in termsof business profit prospects compared to 2022.
The survey was conducted in 20 countries and territories in Asia and Oceaniaand received responses from 603 Japanese enterprises operating in Vietnam./.
VNA
