Japanese businesses have deployed a number of new business models in Vietnam in 2020 in an effort to shelter from the storm of COVID-19.

Vietnam and Japan are entering new horizons for further bilateral investment ties, with the former becoming a key market for the latter’s businesses to shore up their supply chains overseas.

Amid the health crisis and ongoing trade tensions between major economies, Japan’s enterprises are looking to diversify their production lines and supply chains in multiple markets.

Some Japanese businesses are considering leaving Vietnam for Thailand once the tariffs among ASEAN countries is cut to 0% within the framework of the ASEAN Free Trade Agreement, said a high-ranking researcher at the Japanese Mitsubishi Institute.

VietNamNet Bridge – President Truong Tan Sang of Viet Nam yesterday told the Chairman of the Japan External Trade Organisation, Hiroyuki Ishige, he was delighted at a survey that showed up to 70 per cent of Japanese businesses in Viet Nam planned

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VietNamNet Bridge – The Vietnam-Japan Friendship Year got underway in Ho Chi Minh City on February 27 to celebrate the 40 th anniversary of diplomatic ties between Vietnam and Japan.