Japanese firms eye opportunities in southern Vietnam

A delegation of some 20 Japanese enterprises led by Tatsuhiro Shindo, executive vice president of the Japan External Trade Organization (Jetro), had a meeting with the HCMC government on January 18 to sound out investment opportunities.

VietNamNet Bridge – A delegation of some 20 Japanese enterprises led by Tatsuhiro Shindo, executive vice president of the Japan External Trade Organization (Jetro), had a meeting with the HCMC government on January 18 to sound out investment opportunities.

HCMC vice chairman Le Thanh Liem (L) and executive vice president of the Japan External Trade Organization Tatsuhiro Shindo exchange their business cards before – Photo: Hung Le/SGT

These firms are active in such sectors as industrial manufacturing-production, rubber, textile-garment, transport, medicine and construction. These sectors are favored by the city government, said HCMC vice chairman Le Thanh Liem.

Tatsuhiro Shindo said the delegation has shown keen interest in Vietnam, especially in Ba Ria-Vung Tau, Dong Nai and HCMC.

The city is the first leg of the delegation’s Vietnam visit.

Some participating enterprises have come to the country for the first time to sound out business chances, while others have invested in the northern part of the nation for years. They have recognized enormous potential in HCMC in particular and its neighboring provinces in general. Therefore, they want to expand their investment in the southern region.

Vice Chairman Liem highly appreciated the investment of Japanese firms and said the municipal authorities would create favorable conditions for enterprises to do business in the city.

Hung Le