At an electronics firm of Japan in Vietnam (Source: sggp.org.vn) |
In fact, many Japanese enterprises have invested or expanded investment
activities in Vietnam, 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 in international markets.
JETRO has provided Japanese firms with advertisement costs and market
information, and helped them to connect with Vietnamese investors, thus making
it easier for them to operate in Vietnam.
At present, as many as 70 percent of Japanese enterprises operating in Vietnam
have committed to expanding their investment, production and business in the
country in the coming time. This proved that Vietnam continues to be an
important destination for Japanese firms.
JETRO Chief Representative in Ho Chi Minh City Takimoto Koji said the Vietnamese
government and Japanese enterprises should pay attention to training
high-quality human resources, who can control robots.
Priority should be also given to developing energy and infrastructure,
especially transport infrastructure, 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
supporting investors in all fields, especially in handling administrative
procedures and reducing taxes.
The Vietnamese government has devised many solutions to improve the country’s
investment and business environment in a bird to lure more foreign investors,
especially those from Japan, he said.
To cooperate sustainably with Japanese partners, Vietnamese firms need to invest
more in science and technology to better the quality of their products and make
their production more professional, Thanh suggested.
They should also boost linkages to meet the demand for materials from Japanese
businesses, he stressed.
Economic and trade relations between Vietnam and Japan have recorded rapid
development in recent years. 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 trade turnover to 60 billion USD by 2020.
By the end of 2018, Japan topped the list of foreign investors in Vietnam with
combined registered capital of 9.5 billion USD. Around 1,800 Japanese
enterprises are operating in the Southeast Asian country, some 1,000 of which
are in Ho Chi Minh City.-VNA