japan investment in vietnam
More than 55% of Japanese enterprises investing in Vietnam said they will expand their investment in the next one to two years.
Vietnam is a strong candidate among the alternative investment destinations as Japanese enterprises are moving away from China due to the COVID-19 pandemic, according to Hirai Shinji, the Chief Representative of of JETRO in Ho Chi Minh City
Production and revenue of Japanese enterprises in Vietnam are expected to fall at 70 percent in the second quarter of 2020, the results of the latest survey showed.
In the wake of an ageing population and the narrowing domestic market, Japanese businesses are expanding to the new fields of digital technology, healthcare, the Internet of Things, and services across the ASEAN, including in Vietnam.
Japan’s electronics maker Sharp is planning to shift production of personal computers from China to Vietnam for shipment to the United States, NHK reported.
Japanese investors, after years of working with different markets, have concluded that the real estate market in Vietnam appears to be most attractive in Southeast Asia.